Short Interest in FS KKR Capital Corp. (NYSE:FSK) Grows By 6.7%

FS KKR Capital Corp. (NYSE:FSK) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 4,330,000 shares, a growth of 6.7% from the August 31st total of 4,060,000 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average daily trading volume, of 1,210,000 shares, the short-interest ratio is presently 3.6 days.

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock traded down $0.02 on Tuesday, reaching $19.71. 960,813 shares of the stock were exchanged, compared to its average volume of 1,442,416. FS KKR Capital has a twelve month low of $18.31 and a twelve month high of $20.99. The business has a 50 day moving average price of $19.78 and a two-hundred day moving average price of $19.69. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 8.22 and a beta of 1.26.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.71 by $0.04. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. The business had revenue of $439.00 million for the quarter, compared to the consensus estimate of $426.41 million. During the same period in the prior year, the firm earned $0.78 EPS. Analysts anticipate that FS KKR Capital will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

The business also recently disclosed a None dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be issued a $0.64 dividend. The ex-dividend date is Wednesday, September 11th. This represents a dividend yield of 13.33%. FS KKR Capital’s dividend payout ratio (DPR) is presently 106.67%.

Insider Buying and Selling at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $19.21 per share, with a total value of $96,050.00. Following the purchase, the insider now directly owns 44,800 shares of the company’s stock, valued at approximately $860,608. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Michael C. Forman sold 195,139 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Pietrzak purchased 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $19.21 per share, with a total value of $96,050.00. Following the acquisition, the insider now owns 44,800 shares in the company, valued at approximately $860,608. The disclosure for this purchase can be found here. Company insiders own 0.25% of the company’s stock.

Institutional Trading of FS KKR Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wescott Financial Advisory Group LLC increased its holdings in FS KKR Capital by 3.2% in the fourth quarter. Wescott Financial Advisory Group LLC now owns 16,200 shares of the company’s stock valued at $324,000 after buying an additional 509 shares in the last quarter. Atticus Wealth Management LLC raised its holdings in FS KKR Capital by 14.1% in the 1st quarter. Atticus Wealth Management LLC now owns 4,552 shares of the company’s stock worth $87,000 after purchasing an additional 562 shares during the period. Wedbush Securities Inc. boosted its position in FS KKR Capital by 1.4% during the second quarter. Wedbush Securities Inc. now owns 40,380 shares of the company’s stock worth $797,000 after purchasing an additional 573 shares in the last quarter. Focus Financial Network Inc. grew its holdings in FS KKR Capital by 3.2% in the second quarter. Focus Financial Network Inc. now owns 23,422 shares of the company’s stock valued at $477,000 after purchasing an additional 719 shares during the period. Finally, MONECO Advisors LLC increased its position in shares of FS KKR Capital by 4.9% in the first quarter. MONECO Advisors LLC now owns 15,841 shares of the company’s stock valued at $302,000 after buying an additional 746 shares in the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FSK shares. Wells Fargo & Company reduced their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday, August 14th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.06.

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.