Short Interest in FS KKR Capital Corp. (NYSE:FSK) Decreases By 6.4%

FS KKR Capital Corp. (NYSE:FSK) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 3,680,000 shares, a decline of 6.4% from the June 30th total of 3,930,000 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 1,240,000 shares, the days-to-cover ratio is presently 3.0 days.

Analysts Set New Price Targets

A number of analysts have weighed in on FSK shares. JPMorgan Chase & Co. increased 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 report on Friday, April 12th. Keefe, Bruyette & Woods decreased their price objective 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. B. Riley restated a “buy” rating and issued a $21.00 target price (up previously from $20.00) on shares of FS KKR Capital in a report on Friday, May 10th. Finally, Wells Fargo & Company upped their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, FS KKR Capital presently has a consensus rating of “Hold” and an average price target of $20.39.

Insiders Place Their Bets

In related news, Director Barbara Adams purchased 3,381 shares of the firm’s stock in a transaction dated 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 completion of the purchase, the director now owns 22,082 shares in the company, valued at approximately $443,848.20. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. IFG Advisory LLC raised its holdings in shares of FS KKR Capital by 5.0% in the 2nd quarter. IFG Advisory LLC now owns 91,419 shares of the company’s stock worth $1,804,000 after acquiring an additional 4,326 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in FS KKR Capital by 14.6% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 28,871 shares of the company’s stock worth $570,000 after purchasing an additional 3,669 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of FS KKR Capital in the second quarter worth approximately $39,000. Jaffetilchin Investment Partners LLC bought a new position in shares of FS KKR Capital in the second quarter valued at approximately $212,000. Finally, TrueMark Investments LLC purchased a new position in shares of FS KKR Capital during the second quarter valued at approximately $670,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Stock Down 0.2 %

Shares of FSK stock traded down $0.05 on Wednesday, reaching $20.36. 285,372 shares of the company were exchanged, compared to its average volume of 1,475,880. FS KKR Capital has a one year low of $18.31 and a one year high of $20.99. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 8.50 and a beta of 1.26. The company has a 50-day moving average of $20.09 and a 200-day moving average of $19.74. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.26 and a quick ratio of 2.26.

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

FS KKR Capital Increases Dividend

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

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.