Insider Buying: FS KKR Capital Corp. (NYSE:FSK) Director Acquires 700 Shares of Stock

FS KKR Capital Corp. (NYSE:FSK - Get Free Report) Director Jerel A. Hopkins acquired 700 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was bought at an average cost of $21.23 per share, with a total value of $14,861.00. Following the completion of the transaction, the director now directly owns 9,354 shares in the company, valued at $198,585.42. The trade was a 8.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FS KKR Capital Stock Performance

FSK stock remained flat at $21.13 during midday trading on Thursday. The company's stock had a trading volume of 511,729 shares, compared to its average volume of 1,462,872. FS KKR Capital Corp. has a 12 month low of $17.42 and a 12 month high of $24.10. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The firm has a 50-day moving average price of $20.15 and a two-hundred day moving average price of $21.43. The stock has a market cap of $5.92 billion, a P/E ratio of 11.24 and a beta of 0.98.

FS KKR Capital (NYSE:FSK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.64 by $0.01. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $400.00 million for the quarter, compared to analyst estimates of $395.22 million. During the same quarter in the previous year, the firm earned $0.62 EPS. The company's quarterly revenue was down 7.8% compared to the same quarter last year. Sell-side analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.64 per share. The ex-dividend date is Wednesday, June 18th. This represents a $2.56 annualized dividend and a dividend yield of 12.12%. FS KKR Capital's dividend payout ratio is presently 134.74%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FSK. Generali Asset Management SPA SGR purchased a new position in shares of FS KKR Capital during the 4th quarter worth $17,608,000. Van ECK Associates Corp increased its holdings in shares of FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company's stock valued at $139,469,000 after purchasing an additional 673,420 shares during the period. Kingswood Wealth Advisors LLC grew its holdings in FS KKR Capital by 250.9% during the first quarter. Kingswood Wealth Advisors LLC now owns 788,025 shares of the company's stock worth $16,831,000 after acquiring an additional 563,432 shares during the period. Transce3nd LLC acquired a new position in FS KKR Capital during the fourth quarter worth $11,173,000. Finally, SCS Capital Management LLC acquired a new position in FS KKR Capital during the first quarter worth $10,822,000. Hedge funds and other institutional investors own 36.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Keefe, Bruyette & Woods cut their price target on shares of FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. B. Riley started coverage on shares of FS KKR Capital in a report on Tuesday, May 13th. They issued a "neutral" rating and a $19.00 price target on the stock. Wells Fargo & Company dropped their price objective on shares of FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating on the stock in a research note on Monday, April 28th. Finally, Oppenheimer dropped their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set a "market perform" rating on the stock in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $19.50.

About FS KKR Capital

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.