FS KKR Capital Corp. (NYSE:FSK) Short Interest Down 6.4% in July

FS KKR Capital Corp. (NYSE:FSK) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totalling 3,680,000 shares, a decrease of 6.4% from the June 30th total of 3,930,000 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily volume of 1,240,000 shares, the short-interest ratio is presently 3.0 days.

FS KKR Capital Price Performance

FSK stock traded down $0.05 during trading on Wednesday, hitting $20.36. 285,372 shares of the company’s stock traded hands, compared to its average volume of 1,475,880. FS KKR Capital has a 52 week low of $18.31 and a 52 week high of $20.99. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 8.50 and a beta of 1.26. The business has a fifty day simple moving average of $20.09 and a 200 day simple moving average of $19.74. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.26 and a current ratio of 2.26.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. FS KKR Capital had a net margin of 37.06% and a return on equity of 12.42%. The firm had revenue of $434.00 million during the quarter, compared to the consensus estimate of $429.46 million. As a group, research analysts expect that FS KKR Capital will post 2.83 EPS for the current fiscal year.

FS KKR Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Wednesday, June 12th were issued a $0.70 dividend. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date was Wednesday, June 12th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.75%. FS KKR Capital’s payout ratio is 106.67%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. B. Riley restated a “buy” rating and issued a $21.00 price target (up from $20.00) on shares of FS KKR Capital in a research note on Friday, May 10th. Keefe, Bruyette & Woods dropped their target price on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Tuesday, April 16th. JPMorgan Chase & Co. raised their target price on shares of FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Finally, Wells Fargo & Company boosted their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.39.

Insider Transactions at FS KKR Capital

In other news, Director Barbara Adams bought 3,381 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was bought at an average price of $20.10 per share, with a total value of $67,958.10. Following the acquisition, the director now owns 22,082 shares of the company’s stock, valued at approximately $443,848.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.25% of the company’s stock.

Institutional Trading of FS KKR Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wescott Financial Advisory Group LLC raised its stake in shares of FS KKR Capital by 3.2% in the fourth quarter. Wescott Financial Advisory Group LLC now owns 16,200 shares of the company’s stock valued at $324,000 after acquiring an additional 509 shares during the period. Legacy Capital Group California Inc. lifted its holdings in FS KKR Capital by 0.3% during the 4th quarter. Legacy Capital Group California Inc. now owns 175,997 shares of the company’s stock valued at $3,515,000 after buying an additional 512 shares in the last quarter. Atticus Wealth Management LLC boosted its position in FS KKR Capital by 14.1% in the 1st quarter. Atticus Wealth Management LLC now owns 4,552 shares of the company’s stock valued at $87,000 after buying an additional 562 shares during the period. AlphaStar Capital Management LLC grew its stake in FS KKR Capital by 3.3% in the 4th quarter. AlphaStar Capital Management LLC now owns 22,447 shares of the company’s stock worth $448,000 after acquiring an additional 712 shares in the last quarter. Finally, Focus Financial Network Inc. increased its position in shares of FS KKR Capital by 3.2% during the second quarter. Focus Financial Network Inc. now owns 23,422 shares of the company’s stock worth $477,000 after acquiring an additional 719 shares during the period. Hedge funds and other institutional investors own 36.26% of the company’s stock.

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.