FS KKR Capital (NYSE:FSK) Hits New 52-Week High – Here’s What Happened

FS KKR Capital Corp. (NYSE:FSK)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $24.10 and last traded at $24.05, with a volume of 1258176 shares. The stock had previously closed at $23.95.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FSK. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a research report on Monday, December 2nd. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a report on Wednesday, December 11th. Royal Bank of Canada lifted their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.63.

FS KKR Capital Stock Down 0.1 %

The stock has a market capitalization of $6.64 billion, a P/E ratio of 12.61 and a beta of 1.25. The stock’s 50 day simple moving average is $22.34 and its 200 day simple moving average is $21.06. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21.

Insider Activity at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $21.31 per share, with a total value of $106,550.00. Following the acquisition, the insider now directly owns 49,800 shares in the company, valued at approximately $1,061,238. The trade was a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have bought 11,500 shares of company stock valued at $248,910. Corporate insiders own 0.25% of the company’s stock.

Institutional Trading of FS KKR Capital

A number of large investors have recently added to or reduced their stakes in the business. Montchanin Asset Management LLC acquired a new stake in FS KKR Capital during the fourth quarter valued at $282,000. Sunbelt Securities Inc. boosted its stake in FS KKR Capital by 1.3% during the 4th quarter. Sunbelt Securities Inc. now owns 33,447 shares of the company’s stock valued at $726,000 after purchasing an additional 423 shares during the period. Fourth Dimension Wealth LLC bought a new position in FS KKR Capital during the fourth quarter worth $33,000. Investmark Advisory Group LLC increased its holdings in shares of FS KKR Capital by 3.5% during the 4th quarter. Investmark Advisory Group LLC now owns 113,753 shares of the company’s stock worth $2,471,000 after purchasing an additional 3,879 shares during the period. Finally, Visionary Wealth Advisors lifted its position in shares of FS KKR Capital by 37.5% in the 4th quarter. Visionary Wealth Advisors now owns 51,750 shares of the company’s stock worth $1,124,000 after acquiring an additional 14,107 shares during the period. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Company Profile

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.