FS KKR Capital (NYSE:FSK) Sees Strong Trading Volume

FS KKR Capital Corp. (NYSE:FSK) shares saw unusually-high trading volume on Wednesday . Approximately 1,520,624 shares were traded during mid-day trading, a decline of 2% from the previous session’s volume of 1,554,082 shares.The stock last traded at $20.16 and had previously closed at $19.97.

Wall Street Analysts Forecast Growth

FSK has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price target on shares of FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Wells Fargo & Company upgraded shares of FS KKR Capital from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $19.00 to $21.00 in a report on Wednesday, May 29th. Keefe, Bruyette & Woods reduced their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Tuesday, April 16th. Finally, B. Riley reiterated a “buy” rating and set a $21.00 price objective (up from $20.00) on shares of FS KKR Capital in a report on Friday, May 10th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.28.

FS KKR Capital Trading Up 0.9 %

The firm has a market capitalization of $5.64 billion, a PE ratio of 8.40 and a beta of 1.26. The firm’s fifty day moving average is $19.87 and its two-hundred day moving average is $19.75. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.26 and a quick ratio of 2.26.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. The business had revenue of $434.00 million for the quarter, compared to analysts’ expectations of $429.46 million. FS KKR Capital had a net margin of 37.06% and a return on equity of 12.42%. On average, equities analysts predict that FS KKR Capital Corp. will post 2.83 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Wednesday, June 12th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 13.90%. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date was Wednesday, June 12th. FS KKR Capital’s payout ratio is presently 106.67%.

Insider Buying and Selling at FS KKR Capital

In related news, Director Barbara Adams bought 3,381 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were purchased at an average cost of $20.10 per share, for a total transaction of $67,958.10. Following the completion of the purchase, the director now directly owns 22,082 shares in the company, valued at $443,848.20. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.25% of the company’s stock.

Institutional Trading of FS KKR Capital

Institutional investors have recently modified their holdings of the business. Mather Group LLC. purchased a new stake in shares of FS KKR Capital during the 1st quarter valued at approximately $39,000. Planned Solutions Inc. bought a new stake in FS KKR Capital during the 4th quarter worth approximately $40,000. Citigroup Inc. increased its holdings in FS KKR Capital by 587.2% during the 3rd quarter. Citigroup Inc. now owns 2,474 shares of the company’s stock worth $49,000 after acquiring an additional 2,114 shares during the period. Raleigh Capital Management Inc. increased its holdings in FS KKR Capital by 20.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 3,337 shares of the company’s stock worth $66,000 after acquiring an additional 575 shares during the period. Finally, Fortis Group Advisors LLC bought a new stake in FS KKR Capital during the 3rd quarter worth approximately $69,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

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.