FS KKR Capital Corp. (NYSE:FSK) CEO Michael C. Forman Purchases 5,488 Shares

FS KKR Capital Corp. (NYSE:FSKGet Rating) CEO Michael C. Forman bought 5,488 shares of the company’s stock in a transaction on Tuesday, May 24th. The stock was purchased at an average cost of $20.41 per share, with a total value of $112,010.08. Following the completion of the transaction, the chief executive officer now owns 5,488 shares in the company, valued at $112,010.08. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Shares of FS KKR Capital stock traded up $0.45 on Thursday, reaching $21.42. 834,700 shares of the company were exchanged, compared to its average volume of 1,421,145. FS KKR Capital Corp. has a 1-year low of $19.71 and a 1-year high of $23.44. The company has a market cap of $6.08 billion, a P/E ratio of 2.63 and a beta of 1.39. The company has a debt-to-equity ratio of 1.27, a current ratio of 3.71 and a quick ratio of 3.71. The stock’s 50 day moving average price is $21.94 and its 200-day moving average price is $21.76.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 5th. Investors of record on Wednesday, June 15th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 12.70%. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Tuesday, June 14th. FS KKR Capital’s dividend payout ratio is 31.00%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kozak & Associates Inc. acquired a new position in FS KKR Capital in the third quarter valued at approximately $25,000. PYA Waltman Capital LLC acquired a new position in FS KKR Capital in the fourth quarter valued at approximately $35,000. Semmax Financial Advisors Inc. purchased a new stake in FS KKR Capital in the fourth quarter valued at approximately $35,000. Motco purchased a new stake in FS KKR Capital in the first quarter valued at approximately $35,000. Finally, Rise Advisors LLC purchased a new stake in FS KKR Capital in the fourth quarter valued at approximately $36,000. 41.91% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. Hovde Group dropped their target price on FS KKR Capital to $23.00 in a research report on Friday, May 20th. Zacks Investment Research raised FS KKR Capital from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Thursday, May 12th. Finally, Wells Fargo & Company dropped their target price on FS KKR Capital from $21.50 to $21.00 and set an “equal weight” rating for the company in a research report 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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