FS KKR Capital Sees Unusually Large Options Volume (FSK)

FS KKR Capital Corp (NYSE:FSK) was the target of unusually large options trading on Wednesday. Stock investors purchased 1,020 put options on the stock. This is an increase of 1,278% compared to the typical daily volume of 74 put options.

In related news, CEO Michael C. Forman bought 15,415 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were purchased at an average price of $6.45 per share, with a total value of $99,426.75. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael C. Forman bought 12,113 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were bought at an average cost of $6.07 per share, for a total transaction of $73,525.91. The disclosure for this purchase can be found here. Insiders have bought a total of 144,890 shares of company stock worth $900,087 over the last ninety days. Insiders own 1.07% of the company’s stock.

NYSE FSK opened at $6.07 on Friday. The company has a market cap of $3.22 billion, a PE ratio of 7.14, a P/E/G ratio of 2.76 and a beta of 1.14. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.34 and a current ratio of 1.34. FS KKR Capital has a fifty-two week low of $5.09 and a fifty-two week high of $8.24.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $189.38 million. FS KKR Capital had a negative net margin of 12.43% and a positive return on equity of 8.26%. On average, equities analysts expect that FS KKR Capital will post 0.74 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Wednesday, June 19th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 12.52%. The ex-dividend date is Tuesday, June 18th. FS KKR Capital’s dividend payout ratio (DPR) is presently 89.41%.

Several equities analysts have recently weighed in on the company. Zacks Investment Research raised FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. JPMorgan Chase & Co. assumed coverage on FS KKR Capital in a research report on Monday, March 11th. They set a “neutral” rating on the stock. National Securities reissued a “buy” rating and set a $10.00 target price on shares of FS KKR Capital in a research report on Monday, May 13th. Finally, ValuEngine downgraded FS KKR Capital from a “sell” rating to a “strong sell” rating in a research report on Monday, April 1st.

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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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