FS KKR Capital Corp (NYSE:FSK) Sees Large Increase in Short Interest

FS KKR Capital Corp (NYSE:FSK) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totalling 2,973,400 shares, an increase of 5.9% from the May 30th total of 2,809,000 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,580,000 shares, the days-to-cover ratio is currently 1.9 days.

In related news, insider Daniel Pietrzak bought 10,000 shares of FS KKR Capital stock in a transaction that occurred on Wednesday, June 5th. The shares were purchased at an average price of $5.94 per share, with a total value of $59,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Stephen Sypherd bought 16,807 shares of FS KKR Capital stock in a transaction that occurred on Wednesday, June 5th. The stock was bought at an average cost of $5.95 per share, for a total transaction of $100,001.65. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 35,107 shares of company stock worth $209,152. 0.35% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Trust N.A. bought a new position in shares of FS KKR Capital during the 2nd quarter valued at $113,000. Edge Wealth Management LLC bought a new position in shares of FS KKR Capital during the 2nd quarter valued at $513,000. Gradient Investments LLC bought a new position in shares of FS KKR Capital during the 2nd quarter valued at $31,000. Biechele Royce Advisors bought a new position in shares of FS KKR Capital during the 2nd quarter valued at $725,000. Finally, NEXT Financial Group Inc raised its holdings in shares of FS KKR Capital by 139.5% during the 2nd quarter. NEXT Financial Group Inc now owns 12,806 shares of the company’s stock valued at $76,000 after purchasing an additional 7,460 shares in the last quarter. Institutional investors own 28.73% of the company’s stock.

Shares of FSK opened at $6.08 on Wednesday. The company has a fifty day simple moving average of $6.07. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $3.20 billion, a P/E ratio of 7.15, a PEG ratio of 2.78 and a beta of 1.08. FS KKR Capital has a fifty-two week low of $5.09 and a fifty-two week high of $8.24.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). The business had revenue of $195.00 million during the quarter, compared to analyst estimates of $189.38 million. FS KKR Capital had a negative net margin of 12.43% and a positive return on equity of 8.26%. As a group, research analysts anticipate that FS KKR Capital will post 0.74 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Wednesday, June 19th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.76 annualized dividend and a yield of 12.50%. FS KKR Capital’s dividend payout ratio (DPR) is presently 89.41%.

A number of equities research analysts recently issued reports on FSK shares. Raymond James reaffirmed a “buy” rating on shares of Precision Drilling in a research note on Wednesday, June 5th. ValuEngine lowered Zuora from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Zacks Investment Research upgraded Gerdau from a “sell” rating to a “hold” rating in a report on Monday, May 13th. Finally, National Securities reiterated a “sell” rating and issued a $4.00 price target on shares of Prospect Capital in a report on Monday, May 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. FS KKR Capital currently has a consensus rating of “Hold” and an average price target of $7.67.

FS KKR Capital Company Profile

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.

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