FS KKR Capital Corp. (NYSE:FSK – Get Rating) was the target of unusually large options trading activity on Tuesday. Stock investors acquired 17,650 put options on the company. This represents an increase of 931% compared to the typical daily volume of 1,712 put options.
FS KKR Capital Stock Performance
FSK stock traded down $0.02 during trading hours on Tuesday, hitting $18.11. 25,393 shares of the stock were exchanged, compared to its average volume of 1,288,911. FS KKR Capital has a 12 month low of $16.70 and a 12 month high of $23.44. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $5.12 billion, a P/E ratio of 25.18 and a beta of 1.37. The company has a 50-day simple moving average of $18.68 and a two-hundred day simple moving average of $19.64.
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FS KKR Capital (NYSE:FSK – Get Rating) last released its quarterly earnings results on Monday, November 7th. The company reported $0.73 EPS for the quarter, hitting analysts' consensus estimates of $0.73. FS KKR Capital had a net margin of 13.29% and a return on equity of 10.47%. The business had revenue of $411.00 million for the quarter, compared to analyst estimates of $407.90 million. On average, analysts forecast that FS KKR Capital will post 2.87 earnings per share for the current fiscal year.
FS KKR Capital Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Wednesday, December 14th were paid a $0.68 dividend. This is a boost from FS KKR Capital's previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a dividend yield of 15.02%. The ex-dividend date was Tuesday, December 13th. FS KKR Capital's payout ratio is 338.89%.
Wall Street Analyst Weigh In
FSK has been the subject of several research analyst reports. Royal Bank of Canada decreased their target price on FS KKR Capital from $23.00 to $21.00 and set a "sector perform" rating on the stock in a report on Thursday, November 10th. Hovde Group dropped their price objective on shares of FS KKR Capital to $21.00 in a research report on Wednesday, October 5th. Finally, Wells Fargo & Company upped their price target on shares of FS KKR Capital from $18.00 to $18.50 and gave the company an "equal weight" rating in a research note on Wednesday, November 9th.
Insiders Place Their Bets
In other news, insider Daniel Pietrzak bought 6,000 shares of the company's stock in a transaction dated Wednesday, November 9th. The shares were bought at an average cost of $18.76 per share, with a total value of $112,560.00. Following the acquisition, the insider now owns 27,500 shares in the company, valued at $515,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company's stock.
Hedge Funds Weigh In On FS KKR Capital
A number of hedge funds have recently added to or reduced their stakes in FSK. Assetmark Inc. increased its position in shares of FS KKR Capital by 129,200.0% in the second quarter. Assetmark Inc. now owns 1,293 shares of the company's stock worth $25,000 after purchasing an additional 1,292 shares during the period. Charter Oak Capital Management LLC bought a new stake in shares of FS KKR Capital during the 2nd quarter worth approximately $28,000. Pinnacle Bancorp Inc. acquired a new stake in shares of FS KKR Capital during the 3rd quarter worth approximately $27,000. Worth Asset Management LLC bought a new position in FS KKR Capital in the first quarter valued at approximately $43,000. Finally, New Millennium Group LLC acquired a new position in FS KKR Capital during the second quarter valued at approximately $41,000. Institutional investors own 41.43% of the company's stock.
FS KKR Capital Company Profile
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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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