FS KKR Capital Corp. (NYSE:FSK) Short Interest Up 21.8% in December

FS KKR Capital Corp. (NYSE:FSK) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 4,649,320 shares, an increase of 21.8% from the December 15th total of 3,816,401 shares. Currently, 1.7% of the company’s shares are short sold. Based on an average daily trading volume, of 3,281,478 shares, the short-interest ratio is currently 1.4 days. Based on an average daily trading volume, of 3,281,478 shares, the short-interest ratio is currently 1.4 days. Currently, 1.7% of the company’s shares are short sold.

FS KKR Capital Trading Down 1.1%

Shares of FS KKR Capital stock traded down $0.16 on Tuesday, hitting $14.36. The company had a trading volume of 2,150,738 shares, compared to its average volume of 2,066,086. FS KKR Capital has a 1 year low of $14.05 and a 1 year high of $24.10. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a 50 day moving average of $15.14 and a 200-day moving average of $16.75.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. FS KKR Capital had a return on equity of 5.63% and a net margin of 17.24%.The business had revenue of $373.00 million during the quarter, compared to analyst estimates of $374.89 million. During the same period in the prior year, the firm posted $0.74 EPS. On average, equities analysts forecast that FS KKR Capital will post 2.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other FS KKR Capital news, CEO Michael C. Forman bought 10,000 shares of the stock in a transaction on Tuesday, November 11th. The stock was acquired at an average cost of $15.50 per share, for a total transaction of $155,000.00. Following the completion of the acquisition, the chief executive officer owned 24,220 shares in the company, valued at $375,410. This trade represents a 70.32% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel Pietrzak purchased 10,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were acquired at an average price of $15.15 per share, for a total transaction of $151,500.00. Following the completion of the acquisition, the insider directly owned 59,800 shares in the company, valued at approximately $905,970. This represents a 20.08% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On FS KKR Capital

A number of hedge funds and other institutional investors have recently modified their holdings of FSK. Commonwealth Equity Services LLC grew its stake in FS KKR Capital by 0.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,313,907 shares of the company’s stock valued at $89,514,000 after purchasing an additional 28,619 shares during the period. Van ECK Associates Corp raised its position in FS KKR Capital by 23.3% in the third quarter. Van ECK Associates Corp now owns 3,989,678 shares of the company’s stock worth $59,566,000 after acquiring an additional 752,956 shares during the period. UBS Group AG boosted its stake in FS KKR Capital by 12.1% in the third quarter. UBS Group AG now owns 3,300,094 shares of the company’s stock valued at $49,270,000 after acquiring an additional 355,745 shares during the last quarter. Generali Asset Management SPA SGR grew its position in shares of FS KKR Capital by 2.5% during the 3rd quarter. Generali Asset Management SPA SGR now owns 2,546,371 shares of the company’s stock valued at $38,017,000 after acquiring an additional 61,106 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of FS KKR Capital by 3.2% during the 2nd quarter. Legal & General Group Plc now owns 2,147,309 shares of the company’s stock worth $44,546,000 after purchasing an additional 66,943 shares during the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on FSK shares. Zacks Research raised shares of FS KKR Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 10th. Keefe, Bruyette & Woods cut their price objective on shares of FS KKR Capital from $18.50 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FS KKR Capital in a research report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price target on FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Finally, Wall Street Zen cut FS KKR Capital from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Eight equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.50.

FS KKR Capital Company Profile

FS KKR Capital Corp (NYSE:FSK) is a closed-end, externally managed business development company that primarily invests in private middle-market U.S. companies. The firm seeks to generate current income and capital appreciation by structuring investments in floating-rate senior secured loans, unitranche financings, second lien debt and mezzanine instruments. As a business development company, FSK provides financing solutions designed to support growth initiatives, acquisitions, leveraged buyouts and recapitalizations for privately held enterprises.

Established in 2018 through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, a division of global investment firm KKR & Co Inc, FSK combines the credit underwriting capabilities of KKR’s global platform with FS’s expertise in private credit markets.