FS KKR Capital Corp (NYSE:FSK) was the target of a large drop in short interest in July. As of July 31st, there was short interest totalling 3,575,900 shares, a drop of 12.3% from the June 30th total of 4,075,800 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 1,720,000 shares, the short-interest ratio is currently 2.1 days.
Shares of FSK stock traded up $0.09 during midday trading on Friday, hitting $5.74. The company had a trading volume of 1,566,039 shares, compared to its average volume of 1,809,899. The company’s 50 day simple moving average is $5.92 and its 200 day simple moving average is $6.15. FS KKR Capital has a 52-week low of $5.09 and a 52-week high of $7.74. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 6.75, a PEG ratio of 2.60 and a beta of 1.08. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.25 and a quick ratio of 2.25.
FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. FS KKR Capital had a return on equity of 8.66% and a net margin of 12.11%. The company had revenue of $199.00 million for the quarter, compared to the consensus estimate of $194.84 million. Analysts anticipate that FS KKR Capital will post 0.74 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 18th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.76 annualized dividend and a dividend yield of 13.24%. FS KKR Capital’s dividend payout ratio (DPR) is currently 89.41%.
A number of research firms recently issued reports on FSK. National Securities restated a “buy” rating and set a $10.00 price target on shares of FS KKR Capital in a research note on Monday, May 13th. JPMorgan Chase & Co. upgraded FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 price target on the stock in a research note on Friday, August 9th. Raymond James began coverage on FS KKR Capital in a research note on Wednesday, June 5th. They set a “market perform” rating and a $6.01 price target on the stock. Zacks Investment Research upgraded FS KKR Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, ValuEngine downgraded FS KKR Capital from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $7.38.
In other news, insider Daniel Pietrzak purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were purchased at an average price of $5.94 per share, for a total transaction of $59,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard I. Goldstein purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were purchased at an average price of $5.99 per share, for a total transaction of $29,950.00. The disclosure for this purchase can be found here. Insiders have bought a total of 50,107 shares of company stock worth $294,452 in the last three months. Corporate insiders own 0.35% of the company’s stock.
Several hedge funds have recently made changes to their positions in the business. Moneta Group Investment Advisors LLC purchased a new stake in shares of FS KKR Capital in the second quarter valued at approximately $149,000. Frontier Wealth Management LLC purchased a new stake in shares of FS KKR Capital in the second quarter valued at approximately $325,000. Clear Creek Financial Management LLC purchased a new stake in shares of FS KKR Capital in the second quarter valued at approximately $218,000. Integrated Wealth Concepts LLC purchased a new stake in shares of FS KKR Capital in the second quarter valued at approximately $167,000. Finally, Stonebridge Capital Advisors LLC purchased a new stake in shares of FS KKR Capital in the second quarter valued at approximately $43,000. Institutional investors own 28.86% of the company’s stock.
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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