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

FS KKR Capital Corp. (NYSE:FSK) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 3,840,000 shares, a decrease of 24.3% from the January 15th total of 5,070,000 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,340,000 shares, the days-to-cover ratio is currently 2.9 days.

FS KKR Capital Trading Up 0.5 %

Shares of FS KKR Capital stock opened at $23.47 on Friday. FS KKR Capital has a 1-year low of $18.31 and a 1-year high of $23.47. The company’s fifty day simple moving average is $22.06 and its 200-day simple moving average is $20.91. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a market capitalization of $6.57 billion, a PE ratio of 12.46 and a beta of 1.25.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FSK shares. Wells Fargo & Company restated an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price on the stock. in a report on Wednesday, December 11th. Royal Bank of Canada lifted their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Eight 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 a consensus target price of $20.63.

Insider Transactions at FS KKR Capital

In related news, insider Brian Gerson bought 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of $22.08 per share, with a total value of $110,400.00. Following the completion of the purchase, the insider now directly owns 15,109 shares of the company’s stock, valued at $333,606.72. This trade represents a 49.46 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have bought 11,500 shares of company stock valued at $248,910. 0.25% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FS KKR Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its position in shares of FS KKR Capital by 1,967.7% during the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after buying an additional 3,012,711 shares in the last quarter. Generali Asset Management SPA SGR purchased a new position in FS KKR Capital during the fourth quarter valued at approximately $17,608,000. Van ECK Associates Corp boosted its position in shares of FS KKR Capital by 11.7% in the fourth quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after purchasing an additional 673,420 shares during the period. Transce3nd LLC purchased a new stake in shares of FS KKR Capital in the fourth quarter worth $11,173,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of FS KKR Capital during the 3rd quarter valued at $7,830,000. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

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.