Barbara Adams Acquires 3,381 Shares of FS KKR Capital Corp. (NYSE:FSK) Stock

FS KKR Capital Corp. (NYSE:FSKGet Free Report) Director Barbara Adams bought 3,381 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was purchased at an average cost of $20.10 per share, for a total transaction of $67,958.10. Following the completion of the transaction, the director now owns 22,082 shares of the company’s stock, valued at $443,848.20. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $20.03 on Friday. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $20.99. The stock’s 50-day moving average is $19.17 and its two-hundred day moving average is $19.71. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.26 and a quick ratio of 2.26. The firm has a market cap of $5.61 billion, a P/E ratio of 8.35 and a beta of 1.23.

FS KKR Capital (NYSE:FSKGet Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. The firm had revenue of $447.00 million for the quarter, compared to the consensus estimate of $452.39 million. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. During the same quarter in the prior year, the company posted $0.81 earnings per share. Analysts predict that FS KKR Capital Corp. will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Wednesday, June 12th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.98%. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is currently 106.67%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on FSK shares. Wells Fargo & Company lifted their price objective on shares of FS KKR Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Truist Financial lowered their price target on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, February 28th. B. Riley reissued a “buy” rating and set a $21.00 price target (up from $20.00) on shares of FS KKR Capital in a research report on Friday, May 10th. Compass Point lowered FS KKR Capital from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $21.50 to $19.50 in a research report on Tuesday, February 27th. Finally, Royal Bank of Canada lowered their target price on FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 28th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.17.

Get Our Latest Stock Analysis on FS KKR Capital

Institutional Investors Weigh In On FS KKR Capital

Institutional investors and hedge funds have recently modified their holdings of the business. Coppell Advisory Solutions Corp. acquired a new stake in FS KKR Capital in the 1st quarter worth approximately $474,000. DCM Advisors LLC lifted its stake in shares of FS KKR Capital by 11.6% in the first quarter. DCM Advisors LLC now owns 11,381 shares of the company’s stock worth $217,000 after buying an additional 1,185 shares during the last quarter. Icon Wealth Advisors LLC lifted its stake in shares of FS KKR Capital by 2.5% in the first quarter. Icon Wealth Advisors LLC now owns 205,366 shares of the company’s stock worth $3,916,000 after buying an additional 4,913 shares during the last quarter. Waverly Advisors LLC bought a new stake in shares of FS KKR Capital during the 1st quarter worth $2,473,000. Finally, Caxton Associates LP acquired a new position in FS KKR Capital in the 1st quarter valued at $595,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Company Profile

(Get Free Report)

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.

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