Insider Buying: FS KKR Capital Corp (NYSE:FSK) Director Buys 42,100 Shares of Stock
FS KKR Capital Corp (NYSE:FSK) Director Michael J. Hagan purchased 42,100 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were purchased at an average price of $5.95 per share, for a total transaction of $250,495.00.
Shares of FSK stock opened at $5.92 on Friday. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 7.24, a P/E/G ratio of 2.67 and a beta of 1.09. 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 Corp has a 52 week low of $5.09 and a 52 week high of $7.47. The firm’s 50-day simple moving average is $5.77 and its two-hundred day simple moving average is $6.08.
FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The business had revenue of $199.00 million for the quarter, compared to analyst estimates of $194.84 million. FS KKR Capital had a net margin of 12.11% and a return on equity of 8.66%. Analysts forecast that FS KKR Capital Corp will post 0.74 earnings per share for the current year.
Several research analysts recently weighed in on FSK shares. ValuEngine upgraded shares of FS KKR Capital from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 4th. Raymond James started coverage on shares of FS KKR Capital in a report on Wednesday, June 5th. They set a “market perform” rating and a $6.01 price target on the stock. Zacks Investment Research upgraded shares of FS KKR Capital from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. upgraded shares of FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 price target on the stock in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. FS KKR Capital currently has an average rating of “Hold” and a consensus price target of $7.38.
A number of hedge funds have recently made changes to their positions in FSK. Reston Wealth Management LLC bought a new stake in FS KKR Capital during the 2nd quarter worth approximately $2,453,000. Dfpg Investments Inc. purchased a new stake in FS KKR Capital during the 2nd quarter valued at $1,003,000. Edge Wealth Management LLC purchased a new stake in FS KKR Capital during the 2nd quarter valued at $513,000. Brookstone Capital Management purchased a new stake in FS KKR Capital during the 2nd quarter valued at $94,000. Finally, Hanson McClain Inc. purchased a new stake in FS KKR Capital during the 2nd quarter valued at $31,000. 30.06% of the stock is currently owned by institutional investors and hedge funds.
FS KKR Capital Company Profile
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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