FS KKR Capital Sees Unusually High Options Volume (NYSE:FSK)

FS KKR Capital Corp. (NYSE:FSK) saw unusually large options trading activity on Monday. Traders acquired 5,052 call options on the company. This is an increase of approximately 1,408% compared to the average volume of 335 call options.

FSK has been the topic of a number of research reports. Royal Bank of Canada started coverage on shares of FS KKR Capital in a research note on Thursday, June 17th. They issued a “sector perform” rating and a $23.00 target price on the stock. Zacks Investment Research lowered shares of FS KKR Capital from a “buy” rating to a “hold” rating in a report on Thursday, August 12th. Finally, TheStreet raised shares of FS KKR Capital from a “c” rating to a “b-” rating in a report on Tuesday, June 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.10.

Shares of FSK stock opened at $22.28 on Wednesday. The firm has a market cap of $6.35 billion, a P/E ratio of 2.18 and a beta of 1.60. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.84 and a quick ratio of 2.84. FS KKR Capital has a 1-year low of $14.22 and a 1-year high of $23.44. The firm has a fifty day moving average of $22.06 and a two-hundred day moving average of $21.39.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Monday, August 9th. The company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.13. The company had revenue of $206.00 million during the quarter, compared to analyst estimates of $146.75 million. FS KKR Capital had a net margin of 212.44% and a return on equity of 8.39%. On average, sell-side analysts expect that FS KKR Capital will post 2.58 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 4th. Shareholders of record on Wednesday, September 15th will be issued a dividend of $0.65 per share. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 11.67%. The ex-dividend date is Tuesday, September 14th. FS KKR Capital’s dividend payout ratio (DPR) is currently 87.27%.

In other FS KKR Capital news, insider Brian Gerson bought 5,000 shares of the business’s stock in a transaction dated Thursday, August 26th. The shares were acquired at an average price of $22.95 per share, with a total value of $114,750.00. Following the purchase, the insider now owns 5,000 shares in the company, valued at approximately $114,750. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael C. Forman bought 10,000 shares of the business’s stock in a transaction dated Tuesday, August 17th. The stock was acquired at an average cost of $22.98 per share, for a total transaction of $229,800.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 23,940 shares of company stock worth $550,308. 0.18% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. Samalin Investment Counsel LLC acquired a new position in FS KKR Capital during the 2nd quarter worth $26,000. Carolinas Wealth Consulting LLC acquired a new position in shares of FS KKR Capital in the 2nd quarter valued at about $28,000. Huntington National Bank acquired a new position in shares of FS KKR Capital in the 2nd quarter valued at about $28,000. Parkside Financial Bank & Trust acquired a new position in shares of FS KKR Capital in the 2nd quarter valued at about $28,000. Finally, Stonebridge Capital Advisors LLC acquired a new position in shares of FS KKR Capital in the 1st quarter valued at about $28,000. 30.79% of the stock is owned by institutional investors.

FS KKR Capital Company Profile

FS KKR Capital Corp. is an externally managed, non-diversified, closed-end management investment and finance company that invests primarily in the debt securities of private middle market U.S. companies. Its objectives are to generate current income and, to a lesser extent, long-term capital appreciation.

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