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

FS KKR Capital Corp. (NYSE:FSK) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 3,840,000 shares, a drop of 24.3% from the January 15th total of 5,070,000 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average daily volume of 1,340,000 shares, the days-to-cover ratio is currently 2.9 days.

Insider Buying and Selling

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was acquired at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the purchase, the insider now directly owns 49,800 shares of the company’s stock, valued at $1,061,238. This trade represents a 11.16 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders acquired 11,500 shares of company stock worth $248,910. 0.25% of the stock is 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. McIlrath & Eck LLC boosted its stake in shares of FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after purchasing an additional 675 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of FS KKR Capital by 194.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company’s stock valued at $51,000 after purchasing an additional 1,554 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in FS KKR Capital in the fourth quarter valued at approximately $52,000. Anchor Investment Management LLC acquired a new stake in FS KKR Capital in the fourth quarter valued at approximately $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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 acquiring an additional 1,520 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FSK. JPMorgan Chase & Co. boosted their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada increased their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. B. Riley downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a report on Wednesday, December 11th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.63.

FS KKR Capital Price Performance

NYSE FSK opened at $23.47 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The firm’s 50 day moving average price is $22.06 and its 200-day moving average price is $20.91. FS KKR Capital has a 52-week low of $18.31 and a 52-week high of $23.47. The company has a market cap of $6.57 billion, a PE ratio of 12.46 and a beta of 1.25.

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.