Harbour Investments Inc. Cuts Stake in FS KKR Capital Corp. (NYSE:FSK)

Harbour Investments Inc. lessened its stake in FS KKR Capital Corp. (NYSE:FSK) by 0.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 382,035 shares of the company’s stock after selling 1,618 shares during the quarter. Harbour Investments Inc. owned approximately 0.14% of FS KKR Capital worth $7,538,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Summit Securities Group LLC bought a new position in FS KKR Capital during the second quarter valued at approximately $30,000. Ridgewood Investments LLC bought a new position in shares of FS KKR Capital during the 2nd quarter valued at approximately $37,000. Rothschild Investment LLC purchased a new position in shares of FS KKR Capital in the second quarter valued at $39,000. Financial Gravity Asset Management Inc. increased its position in FS KKR Capital by 198.7% in the second quarter. Financial Gravity Asset Management Inc. now owns 2,136 shares of the company’s stock worth $42,000 after purchasing an additional 1,421 shares during the last quarter. Finally, New Millennium Group LLC purchased a new stake in FS KKR Capital during the second quarter valued at $50,000. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Royal Bank of Canada reissued a “sector perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a research note on Wednesday, August 14th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, FS KKR Capital has an average rating of “Hold” and an average target price of $19.94.

FS KKR Capital Trading Up 0.0 %

FSK opened at $21.08 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.34 and a current ratio of 2.34. The stock’s 50 day moving average price is $20.12 and its 200-day moving average price is $19.96. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $21.24. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 11.21 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.25%. During the same quarter last year, the business posted $0.80 EPS. On average, equities analysts forecast that FS KKR Capital Corp. will post 2.87 EPS for the current year.

FS KKR Capital Increases Dividend

The company also recently declared a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, December 4th. This represents a dividend yield of 12.7%. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is currently 136.17%.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.56, for a total transaction of $3,816,918.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

FS KKR Capital 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.