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

FS KKR Capital Corp. (NYSE:FSK) was the recipient of a significant increase in short interest in 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 daily volume of 1,310,000 shares, the days-to-cover ratio is presently 3.4 days. Approximately 1.6% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

FSK has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday. Royal Bank of Canada lifted their price objective on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Monday, November 18th. B. Riley lowered 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. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat, FS KKR Capital presently has a consensus rating of “Hold” and a consensus target price of $20.63.

FS KKR Capital Trading Up 0.1 %

NYSE FSK traded up $0.03 during trading on Tuesday, hitting $23.24. The stock had a trading volume of 337,822 shares, compared to its average volume of 1,248,265. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 12.37 and a beta of 1.25. FS KKR Capital has a one year low of $18.31 and a one year high of $23.47. The stock has a 50 day simple moving average of $21.86 and a 200 day simple moving average of $20.75.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The firm had revenue of $441.00 million for 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 period in the previous year, the company earned $0.80 earnings per share. Sell-side analysts predict that FS KKR Capital will post 2.89 earnings per share for the current year.

Insider Buying and Selling at FS KKR Capital

In other news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the purchase, the insider now directly owns 49,800 shares of the company’s stock, valued at $1,061,238. This trade represents a 11.16 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 11,500 shares of company stock worth $248,910 over the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FS KKR Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. McIlrath & Eck LLC grew its position in shares of FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after acquiring an additional 675 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in FS KKR Capital during the 4th quarter worth about $52,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in FS KKR Capital by 122.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after purchasing an additional 1,520 shares during the last quarter. Roxbury Financial LLC bought a new stake in shares of FS KKR Capital in the 4th quarter valued at about $69,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in FS KKR Capital by 164.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock worth $119,000 after purchasing an additional 3,744 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

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.