FS KKR Capital (NYSE:FSK) Hits New 52-Week High – Here’s What Happened

FS KKR Capital Corp. (NYSE:FSK)’s stock price reached a new 52-week high on Friday . The stock traded as high as $23.49 and last traded at $23.59, with a volume of 143650 shares trading hands. The stock had previously closed at $23.36.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research report on Wednesday, December 11th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. JPMorgan Chase & Co. raised their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada upped their target price on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Monday, November 18th. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.63.

FS KKR Capital Price Performance

The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The company’s fifty day moving average is $22.14 and its 200 day moving average is $20.95. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 12.61 and a beta of 1.25.

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the acquisition, the insider now owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. The trade was a 11.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders acquired a total of 11,500 shares of company stock worth $248,910 in the last three months. Insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Fountainhead AM LLC grew its stake in shares of FS KKR Capital by 9.8% in the third quarter. Fountainhead AM LLC now owns 800,731 shares of the company’s stock valued at $15,798,000 after buying an additional 71,644 shares in the last quarter. Kingswood Wealth Advisors LLC grew its position in shares of FS KKR Capital by 86.3% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock valued at $4,878,000 after acquiring an additional 104,016 shares during the period. Advisors Asset Management Inc. increased its stake in shares of FS KKR Capital by 18.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 254,566 shares of the company’s stock worth $5,023,000 after purchasing an additional 39,086 shares during the last quarter. Graypoint LLC raised its holdings in shares of FS KKR Capital by 23.1% in the 4th quarter. Graypoint LLC now owns 139,504 shares of the company’s stock valued at $3,030,000 after purchasing an additional 26,174 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in FS KKR Capital by 1,967.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after purchasing an additional 3,012,711 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Company Profile

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.