🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Barbara Adams acquires $67.9k of FS KKR Capital stock

Published 05/17/2024, 11:11 AM
FSK
-

In a recent transaction on May 15, Barbara Adams, a director at FS KKR Capital Corp (NYSE:FSK), acquired shares of the company's common stock, reflecting confidence in the firm's prospects. The transaction involved the purchase of 3,381 shares at a weighted average price of $20.0997, amounting to a total investment of approximately $67,957.

This acquisition was conducted under the company's dividend reinvestment plan, as indicated in the footnotes of the filing. Following this purchase, Adams holds a total of 22,082.216 shares in the company, which are held indirectly through an IRA, showcasing a long-term commitment to the firm's growth and performance.

Investors often keep a close eye on insider transactions as they can provide insights into the company's health and the sentiment of its leaders. The purchase by Adams at FS KKR Capital Corp, a company known for providing customized credit solutions, could be interpreted as a positive sign for the company's future.

FS KKR Capital Corp has not released any official statements regarding this transaction, and the details were made public through the required regulatory filing with the SEC. As customary, the filing provides transparency into the trading activities of the company's insiders, offering investors a glimpse into the actions of those who are closest to the company's operations.

InvestingPro Insights

As Barbara Adams demonstrates her confidence in FS KKR Capital Corp (NYSE:FSK) with a recent stock purchase, investors may find additional context from InvestingPro data and metrics useful. The company currently holds a market capitalization of $5.59 billion, and its P/E ratio stands at 8.32, suggesting a potentially attractive valuation compared to industry peers. Over the last twelve months as of Q1 2024, FS KKR Capital Corp reported revenues of $1.808 billion, with a notable gross profit margin of 100%.

From an income standpoint, the company has a track record of rewarding investors, maintaining dividend payments for 11 consecutive years and raising its dividend for the last three years. This is complemented by a dividend yield of 3.11% as of the latest data available. In terms of financial stability, an InvestingPro Tip highlights that FS KKR Capital Corp's liquid assets exceed its short-term obligations, which may provide investors with a sense of security regarding the company's liquidity position.

For those seeking further guidance, InvestingPro offers additional insights with a total of 6 InvestingPro Tips available for FS KKR Capital Corp, which can provide a deeper analysis of the company's financial health and future outlook. Interested readers can unlock these tips and more by using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.