FS KKR Capital Target of Unusually Large Options Trading (NYSE:FSK)

FS KKR Capital Corp (NYSE:FSK) was the target of unusually large options trading on Tuesday. Stock traders purchased 1,004 put options on the stock. This is an increase of approximately 1,631% compared to the typical volume of 58 put options.

In related news, Director Brian R. Ford acquired 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average price of $6.05 per share, for a total transaction of $42,350.00. Following the transaction, the director now owns 16,575 shares in the company, valued at approximately $100,278.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Gerson bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average cost of $6.01 per share, with a total value of $60,100.00. Following the purchase, the insider now directly owns 70,000 shares in the company, valued at approximately $420,700. The disclosure for this purchase can be found here. Insiders have bought a total of 78,100 shares of company stock valued at $467,605 in the last ninety days. Corporate insiders own 0.35% of the company’s stock.

A number of hedge funds have recently modified their holdings of FSK. Reston Wealth Management LLC purchased a new stake in shares of FS KKR Capital during the 2nd quarter valued at $2,453,000. Sepio Capital LLC purchased a new stake in FS KKR Capital during the third quarter valued at about $350,000. Dfpg Investments Inc. purchased a new stake in FS KKR Capital during the second quarter valued at about $1,003,000. Brookstone Capital Management purchased a new stake in FS KKR Capital during the second quarter valued at about $94,000. Finally, Atria Investments LLC purchased a new stake in FS KKR Capital during the second quarter valued at about $656,000. 28.76% of the stock is owned by hedge funds and other institutional investors.

NYSE FSK opened at $6.28 on Wednesday. The business’s 50-day moving average price is $5.93 and its 200 day moving average price is $5.92. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.87. FS KKR Capital has a twelve month low of $5.09 and a twelve month high of $6.64. The company has a market capitalization of $3.24 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 2.69 and a beta of 1.15.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. The company had revenue of $199.00 million during the quarter, compared to the consensus estimate of $193.44 million. FS KKR Capital had a net margin of 22.13% and a return on equity of 9.01%. Equities analysts predict that FS KKR Capital will post 0.79 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 18th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 12.10%. The ex-dividend date is Tuesday, December 17th. FS KKR Capital’s dividend payout ratio (DPR) is 89.41%.

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 price objective for the company in a research report on Friday, August 9th. Jefferies Financial Group assumed coverage on shares of FS KKR Capital in a research note on Thursday, October 10th. They issued a “buy” rating and a $8.00 target price for the company. ValuEngine upgraded FS KKR Capital from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 4th. Finally, Zacks Investment Research upgraded FS KKR Capital from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $7.40.

About FS KKR Capital

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.

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