FS KKR Capital Corp. (NYSE:FSK) Short Interest Update

FS KKR Capital Corp. (NYSE:FSK) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 3,350,000 shares, a decrease of 19.1% from the October 15th total of 4,140,000 shares. Based on an average daily volume of 1,220,000 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.2% of the company’s shares are sold short.

FS KKR Capital Stock Up 0.2 %

NYSE:FSK traded up $0.05 during midday trading on Friday, reaching $21.16. The company had a trading volume of 1,437,581 shares, compared to its average volume of 1,243,371. FS KKR Capital has a 12-month low of $18.31 and a 12-month high of $21.30. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 11.26 and a beta of 1.25. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock’s fifty day simple moving average is $20.21 and its 200-day simple moving average is $20.02.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. During the same quarter last year, the business posted $0.80 EPS. On average, sell-side analysts anticipate that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Increases Dividend

The company also recently declared a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.70 per share. This represents a yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. This is a boost from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s payout ratio is 136.17%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FSK shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a research note on Wednesday, August 14th. Wells Fargo & Company lowered their target price on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.94.

Institutional Investors Weigh In On FS KKR Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Summit Securities Group LLC acquired a new position in shares of FS KKR Capital during the second quarter worth $30,000. Ridgewood Investments LLC purchased a new stake in FS KKR Capital during the 2nd quarter worth about $37,000. Rothschild Investment LLC acquired a new position in shares of FS KKR Capital during the 2nd quarter worth about $39,000. Financial Gravity Asset Management Inc. increased its holdings in shares of FS KKR Capital by 198.7% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock valued at $42,000 after acquiring an additional 1,421 shares during the last quarter. Finally, New Millennium Group LLC acquired a new stake in shares of FS KKR Capital during the 2nd quarter worth about $50,000. 36.26% of the stock is currently owned by institutional investors and hedge funds.

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.