Short Interest in FS KKR Capital Corp. (NYSE:FSK) Increases By 7.4%

FS KKR Capital Corp. (NYSE:FSK) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 4,510,000 shares, a growth of 7.4% from the December 31st total of 4,200,000 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average trading volume of 1,310,000 shares, the short-interest ratio is currently 3.4 days.

Wall Street Analysts Forecast Growth

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

Insider Activity at FS KKR Capital

In other FS KKR Capital news, insider Brian Gerson acquired 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were bought at an average price of $22.08 per share, with a total value of $110,400.00. Following the acquisition, the insider now owns 15,109 shares of the company’s stock, valued at $333,606.72. This trade represents a 49.46 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 11,500 shares of company stock worth $248,910 in the last quarter. Company insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On FS KKR Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. McIlrath & Eck LLC raised its stake in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after acquiring an additional 675 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of FS KKR Capital in the fourth quarter valued at approximately $52,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of FS KKR Capital by 122.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after purchasing an additional 1,520 shares during the period. Roxbury Financial LLC acquired a new stake in shares of FS KKR Capital in the fourth quarter valued at approximately $69,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of FS KKR Capital by 164.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock valued at $119,000 after purchasing an additional 3,744 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Up 0.2 %

Shares of FSK stock traded up $0.05 during trading hours on Tuesday, hitting $23.26. 395,052 shares of the company were exchanged, compared to its average volume of 1,250,942. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. FS KKR Capital has a one year low of $18.31 and a one year high of $23.47. The business’s 50-day simple moving average is $21.86 and its two-hundred day simple moving average is $20.75. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 12.37 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last released 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 firm had revenue of $441.00 million for the quarter, compared to analyst estimates 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 business earned $0.80 earnings per share. Sell-side analysts predict that FS KKR Capital will post 2.89 EPS for the current fiscal year.

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.