FS KKR Capital Corp. (NYSE:FSK) Short Interest Update

FS KKR Capital Corp. (NYSE:FSK) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 4,649,320 shares, an increase of 21.8% from the December 15th total of 3,816,401 shares. Based on an average daily volume of 3,281,478 shares, the short-interest ratio is presently 1.4 days. Approximately 1.7% of the shares of the stock are short sold. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily volume of 3,281,478 shares, the short-interest ratio is presently 1.4 days.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, CEO Michael C. Forman purchased 10,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was acquired at an average cost of $15.50 per share, for a total transaction of $155,000.00. Following the purchase, the chief executive officer directly owned 24,220 shares of the company’s stock, valued at $375,410. This trade represents a 70.32% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Pietrzak acquired 10,000 shares of FS KKR Capital stock in a transaction dated Friday, November 7th. The shares were bought at an average price of $15.15 per share, for a total transaction of $151,500.00. Following the transaction, the insider owned 59,800 shares of the company’s stock, valued at approximately $905,970. The trade was a 20.08% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FSK. Commonwealth Equity Services LLC lifted its holdings in shares of FS KKR Capital by 0.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,313,907 shares of the company’s stock worth $89,514,000 after acquiring an additional 28,619 shares during the last quarter. Van ECK Associates Corp raised its position in FS KKR Capital by 23.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,989,678 shares of the company’s stock worth $59,566,000 after purchasing an additional 752,956 shares during the period. UBS Group AG lifted its stake in FS KKR Capital by 12.1% in the third quarter. UBS Group AG now owns 3,300,094 shares of the company’s stock worth $49,270,000 after purchasing an additional 355,745 shares during the last quarter. Generali Asset Management SPA SGR lifted its stake in FS KKR Capital by 2.5% in the third quarter. Generali Asset Management SPA SGR now owns 2,546,371 shares of the company’s stock worth $38,017,000 after purchasing an additional 61,106 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of FS KKR Capital by 3.2% during the second quarter. Legal & General Group Plc now owns 2,147,309 shares of the company’s stock valued at $44,546,000 after buying an additional 66,943 shares during the period. Institutional investors own 36.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on FSK shares. Wall Street Zen cut shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 target price on the stock in a research report on Monday, October 6th. Royal Bank Of Canada dropped their price target on FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Friday, November 14th. Keefe, Bruyette & Woods cut their price target on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating for the company in a report on Monday, November 10th. Finally, Zacks Research raised FS KKR Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 10th. Eight investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $17.50.

FS KKR Capital Trading Down 1.1%

FSK opened at $14.36 on Wednesday. The stock has a 50-day moving average of $15.12 and a 200 day moving average of $16.70. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.19. FS KKR Capital has a 12 month low of $14.05 and a 12 month high of $24.10.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The business had revenue of $373.00 million for the quarter, compared to the consensus estimate of $374.89 million. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.During the same period in the prior year, the business posted $0.74 earnings per share. On average, sell-side analysts expect that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

About FS KKR Capital

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.