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

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

FS KKR Capital Stock Up 0.5 %

Shares of FSK stock traded up $0.11 during mid-day trading on Monday, hitting $22.27. The stock had a trading volume of 1,286,255 shares, compared to its average volume of 1,131,265. FS KKR Capital has a 12-month low of $18.31 and a 12-month high of $22.40. The firm has a market capitalization of $6.24 billion, a P/E ratio of 11.84 and a beta of 1.24. The firm’s 50-day moving average is $21.58 and its two-hundred day moving average is $20.57. 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 issued its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The business had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same period in the prior year, the business earned $0.80 EPS. On average, analysts predict that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak bought 5,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was purchased at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the acquisition, the insider now owns 49,800 shares in the company, valued at $1,061,238. This trade represents a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders purchased 11,500 shares of company stock worth $248,910. 0.25% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its position in FS KKR Capital by 27.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 474,432 shares of the company’s stock valued at $9,361,000 after buying an additional 102,111 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of FS KKR Capital in the second quarter valued at about $662,000. XTX Topco Ltd acquired a new stake in FS KKR Capital during the 2nd quarter valued at approximately $429,000. AE Wealth Management LLC lifted its stake in FS KKR Capital by 28.8% during the 2nd quarter. AE Wealth Management LLC now owns 98,961 shares of the company’s stock valued at $1,956,000 after acquiring an additional 22,149 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in shares of FS KKR Capital by 15.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 25,738 shares of the company’s stock valued at $508,000 after purchasing an additional 3,415 shares in the last quarter. 36.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. B. Riley cut FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a report on Wednesday, December 11th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a report on Monday, December 2nd. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock 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.