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

FS KKR Capital Corp. (NYSE:FSK - Get Free Report) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 3,840,000 shares, a drop of 24.3% from the January 15th total of 5,070,000 shares. Based on an average daily trading volume, of 1,340,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.4% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FSK. Royal Bank of Canada raised their price target on FS KKR Capital from $20.00 to $21.00 and gave the stock a "sector perform" rating in a report on Monday, November 18th. B. Riley lowered 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. Wells Fargo & Company reiterated an "equal weight" rating and set a $21.00 price target on shares of FS KKR Capital in a research note on Monday, December 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat.com, FS KKR Capital presently has a consensus rating of "Hold" and an average price target of $20.63.

FS KKR Capital Price Performance

Shares of FSK stock traded up $0.20 during midday trading on Tuesday, reaching $23.93. 1,309,037 shares of the company traded hands, compared to its average volume of 1,211,517. The firm has a market cap of $6.70 billion, a PE ratio of 12.73 and a beta of 1.25. 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 firm's 50 day simple moving average is $22.19 and its two-hundred day simple moving average is $20.98. FS KKR Capital has a 1-year low of $18.31 and a 1-year high of $24.04.

Insider Buying and Selling

In other FS KKR Capital news, insider Daniel Pietrzak purchased 5,000 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the purchase, the insider now directly owns 49,800 shares in the company, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 11,500 shares of company stock worth $248,910 in the last quarter. 0.25% of the stock is owned by insiders.

Hedge Funds Weigh In On FS KKR Capital

Several hedge funds and other institutional investors have recently bought and sold shares of FSK. Marshall & Sterling Wealth Advisors Inc. purchased a new position in FS KKR Capital during the 4th quarter valued at about $33,000. Fourth Dimension Wealth LLC acquired a new position in FS KKR Capital in the fourth quarter valued at $33,000. McIlrath & Eck LLC lifted its position in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock worth $41,000 after buying an additional 675 shares during the period. Jones Financial Companies Lllp boosted its stake in FS KKR Capital by 194.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock worth $51,000 after buying an additional 1,554 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in FS KKR Capital in the 4th quarter valued at about $52,000. 36.26% of the stock is owned by institutional investors and hedge funds.

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.