Stock Traders Buy High Volume of Call Options on FS KKR Capital (NYSE:FSK)

FS KKR Capital Corp. (NYSE:FSKGet Free Report) was the target of some unusual options trading on Tuesday. Stock traders purchased 54,538 call options on the company. This represents an increase of approximately 10,075% compared to the typical volume of 536 call options.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FSK. Wells Fargo & Company restated an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a research note on Monday. Royal Bank of Canada increased their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, FS KKR Capital presently has a consensus rating of “Hold” and an average target price of $20.19.

Get Our Latest Research Report on FS KKR Capital

Institutional Trading of FS KKR Capital

Several hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC grew its stake in FS KKR Capital by 1,967.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after buying an additional 3,012,711 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of FS KKR Capital during the 2nd quarter valued at $19,544,000. Maia Wealth LLC bought a new position in FS KKR Capital in the 2nd quarter worth about $10,560,000. Legacy Investment Solutions LLC purchased a new position in FS KKR Capital during the 3rd quarter valued at about $7,830,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of FS KKR Capital during the third quarter valued at about $7,290,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Up 0.0 %

FSK opened at $21.99 on Wednesday. FS KKR Capital has a twelve month low of $18.31 and a twelve month high of $22.39. The company’s 50-day moving average price is $20.72 and its two-hundred day moving average price is $20.21. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 11.70 and a beta of 1.25. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSKGet Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. During the same quarter in the prior year, the business earned $0.80 earnings per share. As a group, equities analysts expect that FS KKR Capital will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The firm also recently announced a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.70 per share. This represents a yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is currently 136.17%.

FS KKR Capital Company Profile

(Get Free Report)

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.

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