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

FS KKR Capital Corp. (NYSE:FSK) saw unusually large options trading on Tuesday. Investors purchased 54,538 call options on the company. This represents an increase of approximately 10,075% compared to the average daily volume of 536 call options.

Analyst Upgrades and Downgrades

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

FS KKR Capital Trading Up 0.4 %

NYSE:FSK opened at $21.38 on Thursday. 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 has a 1-year low of $18.31 and a 1-year high of $22.39. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 11.37 and a beta of 1.25. The stock has a fifty day simple moving average of $20.77 and a 200 day simple moving average of $20.22.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.04. The firm had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same period in the prior year, the business earned $0.80 EPS. Sell-side analysts forecast that FS KKR Capital will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The firm also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a $0.70 dividend. This is an increase from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. The ex-dividend date is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio is currently 136.17%.

Insiders Place Their Bets

In other FS KKR Capital news, insider Brian Gerson purchased 5,000 shares of FS KKR Capital stock in a transaction on Tuesday, December 3rd. The stock was bought at an average price of $22.08 per share, for a total transaction of $110,400.00. Following the transaction, the insider now owns 15,109 shares of the company’s stock, valued at $333,606.72. The trade was a 49.46 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FS KKR Capital

Hedge funds have recently bought and sold shares of the business. Summit Securities Group LLC purchased a new stake in FS KKR Capital in the 2nd quarter worth about $30,000. Ridgewood Investments LLC purchased a new stake in shares of FS KKR Capital during the 2nd quarter worth about $37,000. Rothschild Investment LLC purchased a new stake in shares of FS KKR Capital during the 2nd quarter worth about $39,000. McIlrath & Eck LLC raised its stake in shares of FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after purchasing an additional 675 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. raised its stake in shares of FS KKR Capital by 198.7% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after purchasing an additional 1,421 shares in the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Company Profile

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.