Daniel Pietrzak Purchases 5,000 Shares of FS KKR Capital (NYSE:FSK) Stock

FS KKR Capital Corp. (NYSE:FSK) insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction on Friday, February 27th. The shares were purchased at an average price of $11.25 per share, for a total transaction of $56,250.00. Following the transaction, the insider directly owned 64,800 shares of the company’s stock, valued at approximately $729,000. This represents a 8.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

FS KKR Capital Price Performance

Shares of FSK traded up $0.06 during midday trading on Monday, reaching $10.86. The stock had a trading volume of 8,954,970 shares, compared to its average volume of 3,385,747. The company’s 50-day moving average is $13.90 and its 200 day moving average is $15.21. FS KKR Capital Corp. has a 12-month low of $10.28 and a 12-month high of $23.84. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 362.00 and a beta of 0.84.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The firm had revenue of $348.00 million for the quarter, compared to analysts’ expectations of $361.59 million. FS KKR Capital had a net margin of 0.72% and a return on equity of 5.21%. During the same period in the prior year, the business posted $0.66 earnings per share. On average, equities analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, March 18th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a dividend yield of 1,595.0%. FS KKR Capital’s dividend payout ratio is 6,000.00%.

Analysts Set New Price Targets

FSK has been the subject of several recent research reports. Wells Fargo & Company lowered their price target on shares of FS KKR Capital from $15.00 to $11.00 and set an “equal weight” rating for the company in a research note on Friday. Royal Bank Of Canada decreased their price objective on FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating on the stock in a report on Friday. Zacks Research upgraded FS KKR Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 10th. Wall Street Zen lowered FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Keefe, Bruyette & Woods lowered their price objective on FS KKR Capital from $18.00 to $15.00 and set a “market perform” rating for the company in a research report on Monday. Eight research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FSK. Atlantic Union Bankshares Corp purchased a new stake in FS KKR Capital in the 2nd quarter worth approximately $26,000. Beacon Capital Management Inc. purchased a new position in shares of FS KKR Capital during the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of FS KKR Capital during the fourth quarter valued at approximately $26,000. Jessup Wealth Management Inc bought a new position in shares of FS KKR Capital during the fourth quarter valued at approximately $26,000. Finally, FNY Investment Advisers LLC purchased a new stake in FS KKR Capital in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

About FS KKR Capital

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.