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

FS KKR Capital Corp. (NYSE:FSK) saw a significant drop in short interest in July. As of July 15th, there was short interest totalling 3,680,000 shares, a drop of 6.4% from the June 30th total of 3,930,000 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily volume of 1,240,000 shares, the short-interest ratio is currently 3.0 days.

FS KKR Capital Price Performance

NYSE:FSK traded up $0.01 during mid-day trading on Wednesday, hitting $20.42. 151,537 shares of the stock traded hands, compared to its average volume of 1,474,963. The business’s 50-day moving average price is $20.09 and its 200 day moving average price is $19.74. The company has a market cap of $5.72 billion, a PE ratio of 8.50 and a beta of 1.26. FS KKR Capital has a 12-month low of $18.31 and a 12-month high of $20.99. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.16.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, May 8th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. FS KKR Capital had a net margin of 37.06% and a return on equity of 12.42%. The business had revenue of $434.00 million during the quarter, compared to analyst estimates of $429.46 million. On average, analysts expect that FS KKR Capital will post 2.83 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Wednesday, June 12th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.71%. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Wednesday, June 12th. FS KKR Capital’s payout ratio is presently 106.67%.

Insider Activity at FS KKR Capital

In other news, Director Barbara Adams purchased 3,381 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were bought at an average cost of $20.10 per share, with a total value of $67,958.10. Following the completion of the transaction, the director now directly owns 22,082 shares of the company’s stock, valued at $443,848.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is owned by insiders.

Institutional Investors Weigh In On FS KKR Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new position in FS KKR Capital during the 2nd quarter valued at $30,000. Ridgewood Investments LLC purchased a new position in FS KKR Capital during the 2nd quarter valued at $37,000. Mather Group LLC. purchased a new position in FS KKR Capital during the 1st quarter valued at $39,000. Rothschild Investment LLC purchased a new position in FS KKR Capital during the 2nd quarter valued at $39,000. Finally, Citigroup Inc. increased its position in FS KKR Capital by 587.2% during the 3rd quarter. Citigroup Inc. now owns 2,474 shares of the company’s stock valued at $49,000 after purchasing an additional 2,114 shares during the period. 36.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on FSK shares. B. Riley reaffirmed a “buy” rating and issued a $21.00 price objective (up previously from $20.00) on shares of FS KKR Capital in a research report on Friday, May 10th. Keefe, Bruyette & Woods lowered their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 16th. JPMorgan Chase & Co. lifted their target price on shares of FS KKR Capital from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Finally, Wells Fargo & Company lifted their target price on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, FS KKR Capital currently has a consensus rating of “Hold” and an average target price of $20.39.

FS KKR Capital Company Profile

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.