FS KKR Capital Corp. (NYSE:FSK) Short Interest Update

FS KKR Capital Corp. (NYSE:FSK) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 4,510,000 shares, an increase of 7.4% from the December 15th total of 4,200,000 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average daily volume of 1,310,000 shares, the short-interest ratio is presently 3.4 days.

FS KKR Capital Stock Up 0.5 %

Shares of NYSE:FSK opened at $22.27 on Tuesday. FS KKR Capital has a 52-week low of $18.31 and a 52-week high of $22.40. The stock has a market cap of $6.24 billion, a P/E ratio of 11.84 and a beta of 1.24. The business’s 50 day moving average is $21.60 and its 200 day moving average is $20.59. 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 (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. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The company had revenue of $441.00 million for the quarter, compared to analysts’ expectations of $423.58 million. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Sell-side analysts predict that FS KKR Capital will post 2.89 EPS for the current year.

Insider Buying and Selling at FS KKR Capital

In related news, insider Daniel Pietrzak acquired 5,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were acquired at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the transaction, the insider now directly owns 49,800 shares in the company, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased a total of 11,500 shares of company stock worth $248,910 over the last ninety days. Company insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FSK. Van ECK Associates Corp boosted its position in FS KKR Capital by 6.6% during the 3rd quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock valued at $117,886,000 after acquiring an additional 356,704 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in FS KKR Capital by 4.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company’s stock valued at $84,487,000 after acquiring an additional 188,542 shares in the last quarter. International Assets Investment Management LLC boosted its position in FS KKR Capital by 1,967.7% during the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after acquiring an additional 3,012,711 shares in the last quarter. Strong Tower Advisory Services boosted its position in FS KKR Capital by 3.5% during the 4th quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company’s stock valued at $23,252,000 after acquiring an additional 36,127 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in FS KKR Capital during the 2nd quarter valued at $19,544,000. Institutional investors own 36.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FSK shares. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a report on Wednesday, December 11th. Royal Bank of Canada increased their price target 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. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $20.25.

About FS KKR Capital

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.