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

FS KKR Capital Corp. (NYSE:FSK) was the target of a large 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 daily trading volume, of 1,310,000 shares, the short-interest ratio is presently 3.4 days. Approximately 1.6% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FSK shares. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research note on Wednesday, December 11th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a research report on Monday, December 2nd. Finally, Royal Bank of Canada raised their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research report on Monday, November 18th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $20.25.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Brian Gerson purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average price of $22.08 per share, for a total transaction of $110,400.00. Following the purchase, the insider now directly owns 15,109 shares of the company’s stock, valued at $333,606.72. The trade was a 49.46 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders purchased 11,500 shares of company stock worth $248,910. Insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

Several institutional investors have recently bought and sold shares of FSK. International Assets Investment Management LLC raised its holdings in shares of FS KKR Capital by 1,967.7% in the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after buying an additional 3,012,711 shares during the period. Sanctuary Advisors LLC bought a new stake in FS KKR Capital during the 2nd quarter valued at about $19,544,000. Legacy Investment Solutions LLC bought a new position in FS KKR Capital in the 3rd quarter worth about $7,830,000. Flagship Harbor Advisors LLC purchased a new position in shares of FS KKR Capital during the third quarter worth approximately $7,290,000. Finally, Van ECK Associates Corp boosted its holdings in shares of FS KKR Capital by 6.6% in the third quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock valued at $117,886,000 after purchasing an additional 356,704 shares during the period. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

Shares of NYSE:FSK traded up $0.11 during mid-day trading on Friday, reaching $22.27. The stock had a trading volume of 1,286,255 shares, compared to its average volume of 1,131,265. The business’s 50 day moving average price is $21.58 and its 200 day moving average price is $20.57. FS KKR Capital has a 1 year low of $18.31 and a 1 year high of $22.40. The company has a market cap of $6.24 billion, a P/E ratio of 11.84 and a beta of 1.24. 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 quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $441.00 million for the quarter, compared to analysts’ expectations of $423.58 million. During the same period in the prior year, the firm earned $0.80 EPS. Research analysts expect that FS KKR Capital will post 2.89 EPS for the current fiscal year.

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.