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

FS KKR Capital Corp. (NYSE:FSK) saw a significant increase in short interest during 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. Based on an average trading volume of 1,310,000 shares, the days-to-cover ratio is presently 3.4 days. Approximately 1.6% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FSK shares. Wells Fargo & Company reissued an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a report on Wednesday, December 11th. Finally, Royal Bank of Canada boosted their price target on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.25.

FS KKR Capital Stock Performance

NYSE FSK opened at $22.27 on Tuesday. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 11.84 and a beta of 1.24. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The business has a 50-day moving average price of $21.60 and a 200-day moving average price of $20.59. FS KKR Capital has a twelve month low of $18.31 and a twelve month high of $22.40.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. As a group, equities research analysts predict that FS KKR Capital will post 2.89 EPS for the current fiscal year.

Insider Activity at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the transaction, the insider now owns 49,800 shares in the company, valued at $1,061,238. The trade was a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders bought 11,500 shares of company stock worth $248,910. 0.25% of the stock is owned by insiders.

Hedge Funds Weigh In On FS KKR Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. McIlrath & Eck LLC boosted its stake in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after buying an additional 675 shares during the last quarter. FNY Investment Advisers LLC bought a new position in FS KKR Capital during the fourth quarter valued at approximately $52,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after buying an additional 1,520 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in FS KKR Capital by 164.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock valued at $119,000 after buying an additional 3,744 shares during the last quarter. Finally, Sound Income Strategies LLC raised its position in FS KKR Capital by 14.9% during the third quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock valued at $195,000 after purchasing an additional 1,280 shares during the period. 36.26% of the stock is owned by institutional investors.

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.