Short Interest in FS KKR Capital Corp. (NYSE:FSK) Drops By 8.3%

FS KKR Capital Corp. (NYSE:FSK) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 3,970,000 shares, a decrease of 8.3% from the September 15th total of 4,330,000 shares. Based on an average daily volume of 1,230,000 shares, the short-interest ratio is presently 3.2 days. Currently, 1.4% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports 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 report on Wednesday, August 14th. Wells Fargo & Company lowered their price target on 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.06.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak purchased 5,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $19.21 per share, with a total value of $96,050.00. Following the purchase, the insider now owns 44,800 shares in the company, valued at $860,608. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Daniel Pietrzak acquired 5,000 shares of FS KKR Capital stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $19.21 per share, for a total transaction of $96,050.00. Following the completion of the purchase, the insider now owns 44,800 shares of the company’s stock, valued at $860,608. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

Hedge funds and other institutional investors have recently bought and sold shares of the business. Summit Securities Group LLC acquired a new position in shares of FS KKR Capital in the second quarter valued at approximately $30,000. Ridgewood Investments LLC acquired a new stake in shares of FS KKR Capital during the second quarter worth $37,000. Mather Group LLC. bought a new stake in shares of FS KKR Capital in the first quarter valued at about $39,000. Rothschild Investment LLC acquired a new position in shares of FS KKR Capital in the second quarter valued at about $39,000. Finally, Financial Gravity Asset Management Inc. increased its position in FS KKR Capital by 198.7% during the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after acquiring an additional 1,421 shares during the period. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

Shares of FSK stock opened at $20.24 on Wednesday. The stock has a 50-day moving average of $19.80 and a 200-day moving average of $19.79. FS KKR Capital has a one year low of $18.31 and a one year high of $20.99. The stock has a market cap of $5.67 billion, a PE ratio of 8.43 and a beta of 1.25. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.34 and a quick ratio of 2.34.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Tuesday, August 6th. The company reported $0.75 EPS for the quarter, topping 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 firm 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 company posted $0.78 EPS. As a group, sell-side analysts expect that FS KKR Capital will post 2.86 earnings per share for the current year.

FS KKR Capital Increases Dividend

The company also recently disclosed a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a $0.70 dividend. This represents a dividend yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. This is an increase from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is 106.67%.

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.