FS KKR Capital Corp. (NYSE:FSK – Get Rating) saw unusually large options trading on Tuesday. Traders acquired 17,650 put options on the stock. This represents an increase of approximately 931% compared to the average daily volume of 1,712 put options.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective 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. Hovde Group decreased their price objective on FS KKR Capital to $21.00 in a research note on Wednesday, October 5th. Finally, Royal Bank of Canada reduced their target price on FS KKR Capital from $23.00 to $21.00 and set a "sector perform" rating for the company in a report on Thursday, November 10th.
Get FS KKR Capital alerts:FS KKR Capital Price Performance
Shares of FSK traded down $0.02 during trading hours on Tuesday, reaching $18.11. 25,393 shares of the company's stock traded hands, 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 stock has a market cap of $5.12 billion, a PE ratio of 25.18 and a beta of 1.37. The firm's 50 day simple moving average is $18.68 and its 200-day simple moving average is $19.64.
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. The business had revenue of $411.00 million during the quarter, compared to analysts' expectations of $407.90 million. FS KKR Capital had a net margin of 13.29% and a return on equity of 10.47%. Equities analysts expect that FS KKR Capital will post 2.87 EPS for the current year.FS KKR Capital Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Wednesday, December 14th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, December 13th. This represents a $2.72 annualized dividend and a yield of 15.02%. This is a positive change from FS KKR Capital's previous quarterly dividend of $0.67. FS KKR Capital's payout ratio is 338.89%.
Insider Transactions at FS KKR Capital
In other FS KKR Capital news, insider Daniel Pietrzak acquired 6,000 shares of the company's stock in a transaction on Wednesday, November 9th. The shares were acquired at an average cost of $18.76 per share, with a total value of $112,560.00. Following the completion of the acquisition, the insider now directly owns 27,500 shares in the company, valued at $515,900. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On FS KKR Capital
Several institutional investors have recently modified their holdings of FSK. Kohlberg Kravis Roberts & Co. L.P. grew its position in FS KKR Capital by 18.6% during the first quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 19,726,981 shares of the company's stock valued at $450,170,000 after acquiring an additional 3,100,501 shares during the last quarter. Van ECK Associates Corp raised its position in FS KKR Capital by 47.9% in the 2nd quarter. Van ECK Associates Corp now owns 3,789,230 shares of the company's stock worth $73,586,000 after purchasing an additional 1,228,034 shares during the period. Arete Wealth Advisors LLC boosted its position in FS KKR Capital by 400.5% during the third quarter. Arete Wealth Advisors LLC now owns 930,051 shares of the company's stock valued at $15,764,000 after buying an additional 744,240 shares during the period. Wells Fargo & Company MN grew its stake in shares of FS KKR Capital by 292.4% during the second quarter. Wells Fargo & Company MN now owns 671,299 shares of the company's stock valued at $13,037,000 after buying an additional 500,218 shares during the last quarter. Finally, Ulrich Consultants & Investment Group LLC purchased a new position in shares of FS KKR Capital in the second quarter worth about $9,235,000. 41.43% of the stock is currently owned by institutional investors.
About FS KKR Capital
(Get Rating)
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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