Harbour Investments Inc. Sells 1,618 Shares of FS KKR Capital Corp. (NYSE:FSK)

Harbour Investments Inc. lessened its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 0.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 382,035 shares of the company’s stock after selling 1,618 shares during the period. Harbour Investments Inc.’s holdings in FS KKR Capital were worth $7,538,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FSK. Van ECK Associates Corp raised its stake in FS KKR Capital by 6.6% in the third quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock valued at $117,886,000 after buying an additional 356,704 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in FS KKR Capital by 4.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,282,146 shares of the company’s stock worth $84,487,000 after purchasing an additional 188,542 shares in the last quarter. LPL Financial LLC grew its position in FS KKR Capital by 1.8% during the 2nd quarter. LPL Financial LLC now owns 3,352,328 shares of the company’s stock worth $66,141,000 after purchasing an additional 59,240 shares during the last quarter. International Assets Investment Management LLC increased its stake in 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 purchasing an additional 3,012,711 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its stake in FS KKR Capital by 21.0% during the 1st quarter. Kestra Advisory Services LLC now owns 1,218,960 shares of the company’s stock valued at $23,411,000 after purchasing an additional 211,961 shares in the last quarter. Hedge funds and other institutional investors own 36.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on FSK shares. Royal Bank of Canada reiterated 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. Wells Fargo & Company dropped their price target on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $19.94.

Insider Activity at FS KKR Capital

In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock.

FS KKR Capital Price Performance

Shares of FSK opened at $21.08 on Tuesday. The business’s 50-day moving average is $20.12 and its two-hundred day moving average is $19.96. The company has a market capitalization of $5.90 billion, a P/E ratio of 11.21 and a beta of 1.25. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $21.24. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.34 and a current ratio of 2.34.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. FS KKR Capital had a return on equity of 12.25% and a net margin of 29.98%. The firm had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. During the same period last year, the company earned $0.80 earnings per share. Research analysts predict that FS KKR Capital Corp. will post 2.87 earnings per share for the current year.

FS KKR Capital Increases Dividend

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

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.