FS KKR Capital Corp. (NYSE:FSK) Sees Significant Increase in Short Interest

FS KKR Capital Corp. (NYSE:FSK) saw 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. Based on an average daily volume of 1,310,000 shares, the short-interest ratio is presently 3.4 days. Currently, 1.6% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. 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 research report on Monday, November 18th. Wells Fargo & Company reissued an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research note on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat.com, FS KKR Capital presently has a consensus rating of “Hold” and a consensus price target of $20.25.

FS KKR Capital Stock Up 0.5 %

NYSE:FSK traded up $0.11 during trading hours on Friday, hitting $22.27. 1,286,255 shares of the company traded hands, compared to its average volume of 1,131,265. FS KKR Capital has a one year low of $18.31 and a one year high of $22.40. The company has a market cap of $6.24 billion, a PE ratio of 11.84 and a beta of 1.24. The firm’s 50-day simple moving average is $21.58 and its 200-day simple moving average is $20.57. 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 issued its earnings results 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. The firm had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. During the same quarter last year, the business earned $0.80 earnings per share. Equities analysts predict that FS KKR Capital will post 2.89 earnings per share for the current year.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was purchased at an average price of $21.31 per share, with a total value of $106,550.00. Following the acquisition, the insider now directly owns 49,800 shares of the company’s stock, 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 accessible through this hyperlink. Over the last quarter, insiders have bought 11,500 shares of company stock worth $248,910. Company insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FSK. Van ECK Associates Corp lifted its holdings in FS KKR Capital by 6.6% in the 3rd quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock worth $117,886,000 after buying an additional 356,704 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of FS KKR Capital by 4.6% during the third quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company’s stock valued at $84,487,000 after buying an additional 188,542 shares during the last quarter. International Assets Investment Management LLC lifted its position in FS KKR Capital by 1,967.7% in 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 stake 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 purchasing an additional 36,127 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of FS KKR Capital in the 2nd quarter worth $19,544,000. 36.26% of the stock is currently owned by institutional investors.

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.