FS KKR Capital Corp. (NYSE:FSK) Director Richard I. Goldstein Acquires 2,000 Shares

FS KKR Capital Corp. (NYSE:FSKGet Rating) Director Richard I. Goldstein bought 2,000 shares of FS KKR Capital stock in a transaction that occurred on Wednesday, May 11th. The stock was purchased at an average cost of $21.70 per share, for a total transaction of $43,400.00. Following the purchase, the director now owns 28,500 shares of the company’s stock, valued at $618,450. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NYSE:FSK opened at $21.37 on Friday. The company has a current ratio of 3.71, a quick ratio of 3.15 and a debt-to-equity ratio of 1.27. The stock’s 50-day moving average price is $22.17 and its 200-day moving average price is $21.80. The stock has a market capitalization of $6.07 billion, a P/E ratio of 2.63 and a beta of 1.39. FS KKR Capital Corp. has a 12-month low of $19.71 and a 12-month high of $23.44.

FS KKR Capital (NYSE:FSKGet Rating) last posted its earnings results on Monday, February 28th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. The company had revenue of $364.00 million during the quarter, compared to analyst estimates of $344.46 million. FS KKR Capital had a net margin of 116.21% and a return on equity of 8.84%. As a group, research analysts predict that FS KKR Capital Corp. will post 2.7 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 5th. Stockholders of record on Wednesday, June 15th will be issued a dividend of $0.68 per share. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 12.73%. The ex-dividend date is Tuesday, June 14th. FS KKR Capital’s dividend payout ratio is currently 31.00%.

Several institutional investors have recently bought and sold shares of FSK. Wells Fargo & Company MN lifted its holdings in FS KKR Capital by 124.6% in the second quarter. Wells Fargo & Company MN now owns 46,896 shares of the company’s stock worth $1,009,000 after buying an additional 26,014 shares during the period. Morgan Stanley lifted its holdings in FS KKR Capital by 108.3% in the second quarter. Morgan Stanley now owns 1,015,975 shares of the company’s stock worth $21,853,000 after buying an additional 528,206 shares during the period. Deutsche Bank AG purchased a new stake in FS KKR Capital in the third quarter worth about $620,000. Truist Financial Corp lifted its holdings in FS KKR Capital by 137.6% in the third quarter. Truist Financial Corp now owns 36,334 shares of the company’s stock worth $801,000 after buying an additional 21,043 shares during the period. Finally, Advisory Services Network LLC lifted its holdings in FS KKR Capital by 66.5% in the third quarter. Advisory Services Network LLC now owns 13,982 shares of the company’s stock worth $308,000 after buying an additional 5,585 shares during the period. Institutional investors own 41.91% of the company’s stock.

A number of research analysts have recently issued reports on the company. Zacks Investment Research raised FS KKR Capital from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Thursday. Wells Fargo & Company reduced their price objective on FS KKR Capital from $21.50 to $21.00 and set an “equal weight” rating on the stock in a research note on Monday, April 25th.

FS KKR Capital Company Profile (Get Rating)

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S. companies. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments.

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