Insider Buying: FS KKR Capital (NYSE:FSK) Insider Acquires $56,250.00 in Stock

FS KKR Capital Corp. (NYSE:FSK) insider Daniel Pietrzak bought 5,000 shares of FS KKR Capital stock in a transaction on Friday, February 27th. The stock was purchased at an average price of $11.25 per share, with a total value of $56,250.00. Following the completion of the acquisition, the insider directly owned 64,800 shares of the company’s stock, valued at $729,000. This represents a 8.36% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

FS KKR Capital Stock Up 0.6%

NYSE:FSK opened at $11.02 on Thursday. The company’s 50-day simple moving average is $13.69 and its 200-day simple moving average is $15.09. The company has a debt-to-equity ratio of 1.31, a quick ratio of 3.05 and a current ratio of 3.05. FS KKR Capital Corp. has a fifty-two week low of $10.28 and a fifty-two week high of $22.95.

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

FS KKR Capital Announces Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, March 18th will be given a dividend of $0.03 per share. This represents a yield of 1,595.0%. The ex-dividend date of this dividend is Wednesday, March 18th. FS KKR Capital’s dividend payout ratio is currently 8,533.33%.

Institutional Investors Weigh In On FS KKR Capital

Several institutional investors have recently bought and sold shares of FSK. Alpine Global Management LLC lifted its position in shares of FS KKR Capital by 14.6% in the fourth quarter. Alpine Global Management LLC now owns 113,316 shares of the company’s stock valued at $1,678,000 after acquiring an additional 14,394 shares in the last quarter. Titan Investment Management LLC acquired a new position in FS KKR Capital in the 4th quarter valued at $1,863,000. Virtu Financial LLC lifted its holdings in FS KKR Capital by 222.8% in the 4th quarter. Virtu Financial LLC now owns 69,781 shares of the company’s stock valued at $1,033,000 after purchasing an additional 48,162 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in FS KKR Capital by 13.7% during the 4th quarter. Sunbelt Securities Inc. now owns 59,903 shares of the company’s stock worth $887,000 after purchasing an additional 7,203 shares during the last quarter. Finally, Jacobs Equity LLC acquired a new stake in FS KKR Capital during the 4th quarter worth $313,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FSK has been the subject of a number of research analyst reports. Zacks Research cut shares of FS KKR Capital from a “hold” rating to a “strong sell” rating in a report on Monday. Royal Bank Of Canada reduced their target price on FS KKR Capital from $17.00 to $15.00 and set a “sector perform” rating for the company in a research note on Friday, February 27th. Keefe, Bruyette & Woods lowered their price target 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. Wall Street Zen lowered FS KKR Capital from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FS KKR Capital in a report on Thursday, January 22nd. Eight equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $14.14.

FS KKR Capital Company Profile

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.