The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. FS KKR Capital Corp. shares valued at $9,619 were purchased by Hopkins Jerel A on Sep 09. At $21.38 per share, Hopkins Jerel A acquired 450 shares. The insider’s holdings grew to 6,024 shares worth approximately $0.11 million following the completion of this transaction.
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Also, KROPP JAMES H purchased 1,000 shares, netting a total of over 21,535 in proceeds. Following the buying of shares at $21.54 each, the insider now holds 19,326 shares.
Before that, Ford Brian R. had added 500 shares to its account. In a trade valued at $11,215, the Director bought FS KKR Capital Corp. shares for $22.43 each. Upon closing the transaction, the insider’s holdings increased to 500 shares, worth approximately $0.21 million.
As published in a research note from Wells Fargo on March 02, 2022, FS KKR Capital Corp. [FSK] has been rated up from an Underweight to an Equal weight and the price target has been revised to $21.50 from $19.50. This represents a 11.49% premium over Thursday’s closing price. Analysts at RBC Capital Mkts started covering the stock with ‘”a Sector perform”‘ outlook in a report released in mid June. As of March 05, 2021, Hovde Group has initiated its “an Outperform” rating for FSK. Earlier on December 07, 2020, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for FSK stock which previously was a “an Outperform”.
Analyzing FSK’s Price Performance
On Thursday, FS KKR Capital Corp. [NYSE: FSK] plunged -3.74% to $19.03. The stock’s lowest price that day was $19.01, but it reached a high of $19.90 in the same session. During the last five days, there has been a drop of approximately -7.35%. Over the course of the year, FS KKR Capital Corp. shares have dropped approximately -8.87%. Shares of the company reached a 52-week high of $23.44 on 03/14/22 and a 52-week low of $18.08 on 06/17/22. A 50-day SMA is recorded $21.31, while a 200-day SMA reached $21.45.
Support And Resistance Levels for FS KKR Capital Corp. (FSK)
According to the 24-hour chart, there is a support level at 18.73, which, if violated, would cause prices to drop to 18.42. In the upper region, resistance lies at 19.62. The next price resistance is at 20.20. RSI (Relative Strength Index) is 27.25 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.01, which suggests the price will decrease in the coming days. Percent R is at 99.30%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is FS KKR Capital Corp. subject to short interest?
Stocks of FS KKR Capital Corp. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.66 million shares to 4.59 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.93 million shares. A jump of 14.38% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.76 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.76.
Which companies own the most shares of FS KKR Capital Corp. (FSK)?
In terms of FS KKR Capital Corp. share price expectations, FactSet research, analysts set an average price target of $22.81 in the next 12 months, up nearly 16.34% from the previous closing price of $19.77. Analysts anticipate FS KKR Capital Corp. stock to reach $25.00 by 2022, with the lowest price target being $20.50. In spite of this, 9 analysts ranked FS KKR Capital Corp. stock as an Overweight at the end of 2022. On November 12, 2020, Wells Fargo assigned a price target of “an Underweight” to the stock and downgraded coverage with a $15.50.