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

FS KKR Capital Corp. (NYSE:FSK) was the target 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 trading volume, of 1,310,000 shares, the days-to-cover ratio is presently 3.4 days. Currently, 1.6% of the company’s shares are short sold.

Analyst Ratings Changes

Several research analysts recently weighed in on FSK shares. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a research report on Monday, December 2nd. Royal Bank of Canada raised their price objective on FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Monday, November 18th. JPMorgan Chase & Co. boosted their target price on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday. Finally, B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat, FS KKR Capital currently has an average rating of “Hold” and a consensus target price of $20.63.

Insider Transactions at FS KKR Capital

In related news, insider Brian Gerson bought 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average cost of $22.08 per share, for a total transaction of $110,400.00. Following the completion of the acquisition, the insider now owns 15,109 shares in the company, valued at $333,606.72. This trade represents a 49.46 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 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 modified their holdings of FSK. Van ECK Associates Corp lifted its position in shares of FS KKR Capital by 11.7% in the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock valued at $139,469,000 after acquiring an additional 673,420 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of FS KKR Capital by 4.6% in the third quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company’s stock worth $84,487,000 after buying an additional 188,542 shares during the period. International Assets Investment Management LLC grew its holdings in shares of FS KKR Capital by 1,967.7% during the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after buying an additional 3,012,711 shares in the last quarter. Transcend Capital Advisors LLC raised its position in FS KKR Capital by 10.3% during the fourth quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company’s stock valued at $29,862,000 after buying an additional 128,856 shares during the period. Finally, Strong Tower Advisory Services lifted its stake in FS KKR Capital by 3.5% in the 4th quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company’s stock worth $23,252,000 after acquiring an additional 36,127 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

NYSE:FSK traded up $0.02 during mid-day trading on Tuesday, hitting $23.23. The stock had a trading volume of 228,314 shares, compared to its average volume of 1,242,366. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a 50 day simple moving average of $21.86 and a 200-day simple moving average of $20.75. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 12.35 and a beta of 1.25. FS KKR Capital has a 52 week low of $18.31 and a 52 week high of $23.47.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The business had revenue of $441.00 million during the quarter, compared to the consensus estimate 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 in the prior year, the company posted $0.80 earnings per share. On average, research 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. 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.