FS KKR Capital Corp. (NYSE:FSK- Get a rating) saw strong growth in short-term interest in August. As of August 31, there was short interest totaling 2,440,000 shares, up 10.9% from the total of 2,200,000 shares as of August 15. Currently, 0.9% of the company’s shares are sold short. Based on an average daily trading volume of 1,260,000 shares, the short interest ratio is currently 1.9 days.
Share capital of FS KKR up 1.2%
Shares of FS KKR Capital were up $0.24 during Monday’s trading, hitting $20.27. 887,094 shares of shares traded in hands, compared to its average volume of 1,338,057. The company has a market capitalization of $5.74 billion, a P/E ratio of 9.45 and a beta of 1, 33. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt ratio of 1.24. FS KKR Capital has a 52 week low of $18.08 and a 52 week high of $23.44. The stock’s fifty-day simple moving average is $21.39 and its 200-day simple moving average is $21.42.
FS KKR Capital (NYSE:FSK – Get a rating) last announced its quarterly results on Monday, August 8. The company reported EPS of $0.67 for the quarter, beating the consensus estimate of $0.65 by $0.02. The company posted revenue of $379.00 million for the quarter, versus analyst estimates of $378.79 million. FS KKR Capital had a return on equity of 9.93% and a net margin of 40.23%. On average, stock analysts predict that FS KKR Capital will post earnings per share of 2.86 for the current fiscal year.
FS KKR Capital cuts dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 4. Investors of record on Wednesday, September 14 will receive a dividend of $0.67 per share. This represents a dividend of $2.68 on an annualized basis and a yield of 13.22%. The ex-dividend date is Tuesday, September 13. FS KKR Capital’s payout ratio is currently 115.09%.
Institutional investors weigh in on FS KKR Capital
A number of institutional investors have recently increased or reduced their stake in the stock. Assetmark Inc. increased its holdings in FS KKR Capital by 129,200.0% in the second quarter. Assetmark Inc. now owns 1,293 shares of the company worth $25,000 after acquiring 1,292 additional shares in the last quarter. Charter Oak Capital Management LLC purchased a new equity stake from FS KKR Capital in the second quarter worth approximately $28,000. Semmax Financial Advisors Inc. acquired a new equity stake from FS KKR Capital in the fourth quarter worth approximately $35,000. Motco acquired a new equity stake from FS KKR Capital in the first quarter worth approximately $35,000. Finally, Rise Advisors LLC acquired a new equity stake from FS KKR Capital in the fourth quarter worth approximately $36,000. Institutional investors hold 35.74% of the company’s shares.
Changes to analyst ratings
Several analysts have recently weighed in on FSK shares. Compass Point reduced its price target on FS KKR Capital to $24.00 in a Monday, August 15 report. Wells Fargo & Company raised its price target on FS KKR Capital from $19.00 to $20.50 and gave the company an “equal weight” rating in a Wednesday, August 10 report.
FS KKR Capital Company Profile
FS KKR Capital Corp. is a business development company specializing in debt securities investments. It provides customized credit solutions to private, middle-market US companies. It invests primarily in senior secured debt and, to a lesser extent, in subordinated US private middle market debt.
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