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

FS KKR Capital Corp. (NYSE:FSK) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 4,510,000 shares, a growth of 7.4% from the December 15th total of 4,200,000 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 1,310,000 shares, the days-to-cover ratio is presently 3.4 days.

FS KKR Capital Stock Up 0.5 %

Shares of FS KKR Capital stock traded up $0.11 during trading on Monday, hitting $22.27. 1,286,255 shares of the stock were exchanged, compared to its average volume of 1,131,265. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 11.84 and a beta of 1.24. The firm’s 50-day moving average price is $21.58 and its 200 day moving average price is $20.57. FS KKR Capital has a 12-month low of $18.31 and a 12-month high of $22.40. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. During the same period in the previous year, the company earned $0.80 earnings per share. As a group, analysts forecast that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Brian Gerson acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $333,606.72. This trade represents a 49.46 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 11,500 shares of company stock valued at $248,910 over the last 90 days. 0.25% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FSK. McIlrath & Eck LLC increased its stake in FS KKR Capital by 47.5% in 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 during the period. FNY Investment Advisers LLC acquired a new position in FS KKR Capital in the fourth quarter valued at $52,000. Thurston Springer Miller Herd & Titak Inc. increased 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 purchasing an additional 1,520 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in 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. Finally, Sound Income Strategies LLC increased its stake in FS KKR Capital by 14.9% in the third quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock valued at $195,000 after purchasing an additional 1,280 shares during the period. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research report on Wednesday, December 11th. Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 price target on shares of FS KKR Capital in a research report on Monday, December 2nd. Finally, Royal Bank of Canada raised their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research report on Monday, November 18th. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, FS KKR Capital has a consensus rating of “Hold” and an average target price of $20.25.

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.