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.
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