FS KKR Capital Corp (NYSE:FSK) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 3,575,900 shares, a drop of 12.3% from the June 30th total of 4,075,800 shares. Based on an average daily trading volume, of 1,720,000 shares, the short-interest ratio is currently 2.1 days. Approximately 0.7% of the company’s stock are short sold.

A number of equities research analysts have issued reports on the stock. National Securities reissued a “buy” rating and set a $10.00 target price on shares of FS KKR Capital in a research note on Monday, May 13th. Raymond James started coverage on shares of FS KKR Capital in a research note on Wednesday, June 5th. They issued a “market perform” rating and a $6.01 price objective for the company. ValuEngine lowered shares of FS KKR Capital from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 23rd. Zacks Investment Research raised shares of FS KKR Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised shares of FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 price objective for the company in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $7.38.

Shares of FSK stock remained flat at $$5.65 on Thursday. 1,927,213 shares of the company traded hands, compared to its average volume of 1,811,449. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.25 and a quick ratio of 2.25. FS KKR Capital has a 1-year low of $5.09 and a 1-year high of $7.74. The firm’s fifty day moving average price is $5.93 and its two-hundred day moving average price is $6.15. The firm has a market cap of $2.95 billion, a PE ratio of 6.65, a price-to-earnings-growth ratio of 2.61 and a beta of 1.08.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. FS KKR Capital had a net margin of 12.11% and a return on equity of 8.66%. The business had revenue of $199.00 million during the quarter, compared to analyst estimates of $194.84 million. As a group, equities analysts predict that FS KKR Capital will post 0.74 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 18th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 13.45%. The ex-dividend date is Tuesday, September 17th. FS KKR Capital’s payout ratio is presently 89.41%.

In related news, General Counsel Stephen Sypherd bought 16,807 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was bought at an average price of $5.95 per share, with a total value of $100,001.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard I. Goldstein bought 5,000 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were bought at an average cost of $5.99 per share, with a total value of $29,950.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 50,107 shares of company stock valued at $294,452 in the last three months. Company insiders own 0.35% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new position in FS KKR Capital in the 2nd quarter worth $167,000. Stonebridge Capital Advisors LLC bought a new position in shares of FS KKR Capital during the 2nd quarter worth about $43,000. Advisors Capital Management LLC bought a new position in shares of FS KKR Capital during the 2nd quarter worth about $2,075,000. Wealth & Pension Services Group Inc. bought a new position in shares of FS KKR Capital during the 2nd quarter worth about $594,000. Finally, Townsquare Capital LLC bought a new position in shares of FS KKR Capital during the 2nd quarter worth about $381,000. 28.86% of the stock is 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 seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.

Further Reading: Return on Investment (ROI)

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