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

FS KKR Capital Corp. (NYSE:FSK) was the target of a significant growth in short interest during 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. Currently, 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,210,000 shares, the days-to-cover ratio is currently 3.6 days.

FS KKR Capital Trading Down 0.4 %

NYSE FSK traded down $0.07 during trading on Monday, hitting $19.74. The company had a trading volume of 941,513 shares, compared to its average volume of 1,444,975. The company’s fifty day moving average is $19.79 and its 200-day moving average is $19.68. FS KKR Capital has a one year low of $18.31 and a one year high of $20.99. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 8.22 and a beta of 1.26.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $426.41 million. During the same period last year, the business posted $0.78 earnings per share. On average, sell-side analysts predict that FS KKR Capital will post 2.86 earnings per share for the current year.

FS KKR Capital Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FSK. Wells Fargo & Company decreased their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Royal Bank of Canada restated a “sector perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, August 14th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.06.

Insiders Place Their Bets

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

Hedge Funds Weigh In On FS KKR Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wescott Financial Advisory Group LLC boosted its stake in FS KKR Capital by 3.2% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 16,200 shares of the company’s stock worth $324,000 after acquiring an additional 509 shares in the last quarter. Atticus Wealth Management LLC boosted its position in shares of 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 in the last quarter. Wedbush Securities Inc. grew its stake in shares of FS KKR Capital by 1.4% in the 2nd quarter. Wedbush Securities Inc. now owns 40,380 shares of the company’s stock worth $797,000 after buying an additional 573 shares during the last quarter. Focus Financial Network Inc. increased its position in FS KKR Capital by 3.2% during the 2nd quarter. Focus Financial Network Inc. now owns 23,422 shares of the company’s stock valued at $477,000 after buying an additional 719 shares in the last quarter. Finally, MONECO Advisors LLC raised its stake in FS KKR Capital by 4.9% during 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 during the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

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.