Short Interest in FS KKR Capital Corp. (NYSE:FSK) Rises By 6.7%

FS KKR Capital Corp. (NYSE:FSK) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 4,330,000 shares, an increase of 6.7% from the August 31st total of 4,060,000 shares. Based on an average daily volume of 1,210,000 shares, the short-interest ratio is presently 3.6 days. Currently, 1.6% of the company’s stock are short sold.

Insider Buying and Selling at FS KKR Capital

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

Institutional Trading of FS KKR Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wescott Financial Advisory Group LLC boosted its position in shares of FS KKR Capital by 3.2% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 16,200 shares of the company’s stock worth $324,000 after purchasing an additional 509 shares during the period. Atticus Wealth Management LLC boosted its holdings in FS KKR Capital by 14.1% during the 1st quarter. Atticus Wealth Management LLC now owns 4,552 shares of the company’s stock valued at $87,000 after acquiring an additional 562 shares during the period. Wedbush Securities Inc. grew its position in FS KKR Capital by 1.4% in the 2nd quarter. Wedbush Securities Inc. now owns 40,380 shares of the company’s stock valued at $797,000 after acquiring an additional 573 shares in the last quarter. Focus Financial Network Inc. grew its holdings in shares of FS KKR Capital by 3.2% in the second quarter. Focus Financial Network Inc. now owns 23,422 shares of the company’s stock valued at $477,000 after purchasing an additional 719 shares in the last quarter. Finally, MONECO Advisors LLC increased its stake in FS KKR Capital by 4.9% during the 1st quarter. MONECO Advisors LLC now owns 15,841 shares of the company’s stock worth $302,000 after buying an additional 746 shares during the period. 36.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FSK has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a report on Wednesday, August 14th. Wells Fargo & Company decreased their price target on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, FS KKR Capital has an average rating of “Hold” and an average price target of $20.06.

FS KKR Capital Stock Performance

FS KKR Capital stock traded down $0.07 during midday trading on Monday, hitting $19.74. 941,513 shares of the company were exchanged, compared to its average volume of 1,444,975. FS KKR Capital has a fifty-two week low of $18.31 and a fifty-two week high of $20.99. The firm has a market capitalization of $5.53 billion, a PE ratio of 8.22 and a beta of 1.26. The business has a fifty day simple moving average of $19.79 and a two-hundred day simple moving average of $19.68. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.34 and a current ratio of 2.34.

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

FS KKR Capital Dividend Announcement

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

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.