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

FS KKR Capital Corp. (NYSE:FSK) was the recipient of a significant increase in short interest in the month of 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 days-to-cover ratio is presently 1.4 days. Approximately 1.7% of the shares of the company are sold short. Approximately 1.7% of the shares of the company are sold short. Based on an average daily volume of 3,281,478 shares, the days-to-cover ratio is presently 1.4 days.

Insider Buying and Selling at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average price of $15.15 per share, for a total transaction of $151,500.00. Following the purchase, the insider owned 59,800 shares in the company, valued at approximately $905,970. This represents a 20.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael C. Forman acquired 10,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were bought at an average price of $15.50 per share, with a total value of $155,000.00. Following the completion of the transaction, the chief executive officer directly owned 24,220 shares of the company’s stock, valued at approximately $375,410. The trade was a 70.32% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.25% of the stock is owned by insiders.

Institutional Investors Weigh In On FS KKR Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Trust Co. of Vermont boosted its holdings in shares of FS KKR Capital by 51.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,525 shares of the company’s stock valued at $32,000 after purchasing an additional 515 shares in the last quarter. CFO4Life Group LLC lifted its position in shares of FS KKR Capital by 3.0% during the 2nd quarter. CFO4Life Group LLC now owns 20,081 shares of the company’s stock worth $417,000 after buying an additional 578 shares during the last quarter. West Michigan Advisors LLC boosted its stake in FS KKR Capital by 1.5% in the second quarter. West Michigan Advisors LLC now owns 41,194 shares of the company’s stock valued at $884,000 after buying an additional 591 shares in the last quarter. Transce3nd LLC grew its position in FS KKR Capital by 3.5% in the second quarter. Transce3nd LLC now owns 17,426 shares of the company’s stock valued at $362,000 after acquiring an additional 591 shares during the last quarter. Finally, Wescott Financial Advisory Group LLC raised its stake in FS KKR Capital by 2.8% during the second quarter. Wescott Financial Advisory Group LLC now owns 22,949 shares of the company’s stock worth $476,000 after acquiring an additional 615 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Price Performance

FSK stock traded down $0.14 during midday trading on Monday, reaching $14.52. The company had a trading volume of 1,958,019 shares, compared to its average volume of 2,154,444. FS KKR Capital has a 1-year low of $14.05 and a 1-year high of $24.10. The stock has a 50 day moving average price of $15.14 and a 200-day moving average price of $16.75. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.19.

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

Wall Street Analysts Forecast Growth

FSK has been the subject of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of FS KKR Capital in a report on Wednesday, October 8th. Keefe, Bruyette & Woods lowered their price objective on FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Zacks Research raised shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 10th. Royal Bank Of Canada decreased their price target on shares of FS KKR Capital from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Friday, November 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Eight research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.50.

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.