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 in the month of August. As of August 15th, there was short interest totalling 4,080,000 shares, a growth of 13.0% from the July 31st total of 3,610,000 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average trading volume of 1,270,000 shares, the days-to-cover ratio is currently 3.2 days.

Insider Activity at FS KKR Capital

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

Institutional Investors Weigh In On FS KKR Capital

A number of institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in FS KKR Capital during the second quarter worth $19,544,000. Creekside Partners bought a new position in shares of FS KKR Capital during the 2nd quarter worth about $206,000. Souders Financial Advisors boosted its position in shares of FS KKR Capital by 3.9% during the 2nd quarter. Souders Financial Advisors now owns 25,209 shares of the company’s stock valued at $497,000 after acquiring an additional 950 shares in the last quarter. Cetera Investment Advisers increased its stake in FS KKR Capital by 2.0% in the second quarter. Cetera Investment Advisers now owns 904,170 shares of the company’s stock valued at $17,839,000 after acquiring an additional 17,359 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its position in FS KKR Capital by 31.9% in the second quarter. B. Riley Wealth Advisors Inc. now owns 51,170 shares of the company’s stock worth $1,039,000 after purchasing an additional 12,386 shares in the last quarter. 36.26% of the stock is owned by institutional investors and hedge funds.

FS KKR Capital Stock Performance

FSK traded up $0.08 on Monday, hitting $20.09. The company had a trading volume of 980,892 shares, compared to its average volume of 1,458,316. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 8.41 and a beta of 1.26. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.34 and a quick ratio of 2.34. The company’s fifty day moving average price is $19.94 and its 200 day moving average price is $19.62. FS KKR Capital has a 1-year low of $18.31 and a 1-year high of $20.99.

FS KKR Capital (NYSE:FSK) last released its earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $439.00 million during the quarter, compared to analyst estimates of $426.41 million. During the same quarter in the previous year, the business earned $0.78 EPS. Equities analysts predict that FS KKR Capital will post 2.86 earnings per share for the current fiscal year.

FS KKR Capital Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have commented on FSK. 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. Wells Fargo & Company lowered 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. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.06.

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.