FS KKR Capital Corp. (NYSE:FSK) Short Interest Up 7.4% in January

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

Wall Street Analyst Weigh In

FSK has been the subject of a number of research analyst reports. B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price objective on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday. Royal Bank of Canada lifted their price objective 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 reaffirmed an “equal weight” rating and issued a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.63.

FS KKR Capital Price Performance

Shares of FSK stock traded up $0.03 during trading hours on Tuesday, hitting $23.24. The company’s stock had a trading volume of 337,822 shares, compared to its average volume of 1,248,265. The business has a fifty day moving average of $21.86 and a 200-day moving average of $20.75. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 12.37 and a beta of 1.25. FS KKR Capital has a twelve month low of $18.31 and a twelve month high of $23.47. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21.

FS KKR Capital (NYSE:FSK) last issued its earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business had revenue of $441.00 million for the quarter, compared to the consensus estimate of $423.58 million. During the same quarter last year, the firm posted $0.80 EPS. As a group, equities research analysts anticipate that FS KKR Capital will post 2.89 EPS for the current year.

Insider Buying and Selling

In other news, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of $21.31 per share, with a total value of $106,550.00. Following the transaction, the insider now directly owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. This represents 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 the SEC website. Insiders have purchased a total of 11,500 shares of company stock valued at $248,910 over the last ninety days. 0.25% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp increased its stake in FS KKR Capital by 11.7% in the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock valued at $139,469,000 after buying an additional 673,420 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of 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 worth $84,487,000 after acquiring an additional 188,542 shares during the period. International Assets Investment Management LLC increased its position in shares of 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 worth $62,462,000 after purchasing an additional 3,012,711 shares in the last quarter. Transcend Capital Advisors LLC increased its position in FS KKR Capital by 10.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company’s stock valued at $29,862,000 after acquiring an additional 128,856 shares in the last quarter. Finally, Strong Tower Advisory Services increased its position in FS KKR Capital by 3.5% in 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. 36.26% of the stock is owned by institutional investors and hedge funds.

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.