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

FS KKR Capital Corp. (NYSE:FSK – Get Rating) was the recipient of unusually large options trading activity on Friday. Traders bought 22,521 put options on the company. This is an increase of approximately 1,520% compared to the typical volume of 1,390 put options.

FS KKR Capital Stock Down 1.4 %

FS KKR Capital stock opened at $17.46 on Friday. The stock has a market capitalization of $4.91 billion, a PE ratio of 54.56 and a beta of 1.39. FS KKR Capital has a twelve month low of $16.70 and a twelve month high of $23.23. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 1.24. The company has a 50 day moving average of $19.20 and a 200-day moving average of $18.99.

FS KKR Capital (NYSE:FSK – Get Rating) last posted its quarterly earnings results on Monday, February 27th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.06. The firm had revenue of $449.00 million for the quarter, compared to analyst estimates of $431.49 million. FS KKR Capital had a net margin of 5.63% and a return on equity of 11.33%. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share. On average, equities research analysts anticipate that FS KKR Capital will post 3.1 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th will be issued a $0.70 dividend. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 16.04%. The ex-dividend date of this dividend is Tuesday, March 14th. FS KKR Capital’s dividend payout ratio (DPR) is currently 800.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FSK. Wells Fargo & Company lifted their target price on shares of FS KKR Capital from $18.50 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 1st. Keefe, Bruyette & Woods lifted their price target on shares of FS KKR Capital from $21.00 to $21.50 and gave the company a “market perform” rating in a report on Wednesday, March 1st.

Insider Buying and Selling

In related news, insider Brian Gerson bought 3,000 shares of the business’s stock in a transaction on Tuesday, March 7th. The stock was bought at an average price of $19.69 per share, for a total transaction of $59,070.00. Following the transaction, the insider now directly owns 17,095 shares in the company, valued at $336,600.55. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other FS KKR Capital news, insider Brian Gerson purchased 3,000 shares of the business’s stock in a transaction dated Tuesday, March 7th. The shares were acquired at an average price of $19.69 per share, for a total transaction of $59,070.00. Following the acquisition, the insider now owns 17,095 shares of the company’s stock, valued at $336,600.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elizabeth Sandler bought 2,500 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The stock was purchased at an average price of $19.64 per share, for a total transaction of $49,100.00. Following the acquisition, the director now directly owns 4,640 shares in the company, valued at $91,129.60. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

Several hedge funds have recently bought and sold shares of FSK. Pinnacle Bancorp Inc. bought a new stake in shares of FS KKR Capital during the 3rd quarter valued at approximately $27,000. Accurate Wealth Management LLC bought a new stake in shares of FS KKR Capital during the 4th quarter valued at approximately $34,000. CENTRAL TRUST Co grew its holdings in shares of FS KKR Capital by 81.3% during the 4th quarter. CENTRAL TRUST Co now owns 2,000 shares of the company’s stock valued at $35,000 after purchasing an additional 897 shares during the last quarter. Worth Asset Management LLC acquired a new stake in FS KKR Capital during the 1st quarter worth approximately $43,000. Finally, New Millennium Group LLC acquired a new stake in FS KKR Capital during the 2nd quarter worth approximately $41,000. 41.43% of the stock is owned by institutional investors.

About FS KKR Capital

(Get Rating)

FS KKR Capital Corp investment company located in US with an EBITDA of $25 to $100 million. The fund focus on Broad range of sectors. It participates in debt and buyout capital transactions.