Insider Buying: FS KKR Capital Corp (NYSE:FSK) Director Buys $250,495.00 in Stock

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FS KKR Capital Corp (NYSE:FSK) Director Michael J. Hagan bought 42,100 shares of the business’s stock in a transaction on Monday, September 9th. The stock was bought at an average price of $5.95 per share, for a total transaction of $250,495.00.

FSK stock opened at $5.92 on Friday. The company has a fifty day moving average price of $5.77 and a 200-day moving average price of $6.08. The company has a market capitalization of $3.08 billion, a P/E ratio of 7.24, a PEG ratio of 2.67 and a beta of 1.09. FS KKR Capital Corp has a 52-week low of $5.09 and a 52-week high of $7.47. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.25 and a current ratio of 2.25.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The firm had revenue of $199.00 million during the quarter, compared to the consensus estimate of $194.84 million. FS KKR Capital had a net margin of 12.11% and a return on equity of 8.66%. As a group, sell-side analysts forecast that FS KKR Capital Corp will post 0.74 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 18th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 12.84%. The ex-dividend date of this dividend is Tuesday, September 17th. FS KKR Capital’s payout ratio is currently 89.41%.

Several hedge funds have recently added to or reduced their stakes in FSK. Rehmann Capital Advisory Group bought a new position in FS KKR Capital during the second quarter worth $268,000. Atria Investments LLC bought a new position in FS KKR Capital during the second quarter worth $301,000. Breiter Capital Management Inc. bought a new position in FS KKR Capital during the second quarter worth $370,000. RFG Advisory LLC bought a new position in FS KKR Capital during the second quarter worth $4,238,000. Finally, NewSquare Capital LLC bought a new position in FS KKR Capital during the second quarter worth $305,000. 30.06% of the stock is owned by hedge funds and other institutional investors.

FSK has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. upgraded shares of FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 target price on the stock in a research report on Friday, August 9th. ValuEngine upgraded shares of FS KKR Capital from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 4th. Finally, Raymond James began coverage on shares of FS KKR Capital in a research report on Wednesday, June 5th. They issued a “market perform” rating and a $6.01 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. FS KKR Capital presently has a consensus rating of “Hold” and an average target price of $7.38.

About FS KKR Capital

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.

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Insider Buying and Selling by Quarter for FS KKR Capital (NYSE:FSK)

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