Harbour Investments Inc. Sells 703 Shares of FS KKR Capital Corp. (NYSE:FSK)

Harbour Investments Inc. lessened its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 0.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 383,653 shares of the company’s stock after selling 703 shares during the period. Harbour Investments Inc. owned 0.14% of FS KKR Capital worth $7,569,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Summit Securities Group LLC bought a new stake in FS KKR Capital during the 2nd quarter valued at approximately $30,000. Mather Group LLC. bought a new stake in shares of FS KKR Capital in the first quarter valued at approximately $39,000. New Millennium Group LLC acquired a new stake in shares of FS KKR Capital in the second quarter worth $50,000. Provence Wealth Management Group increased its position in FS KKR Capital by 76.6% during the fourth quarter. Provence Wealth Management Group now owns 4,035 shares of the company’s stock worth $81,000 after acquiring an additional 1,750 shares during the period. Finally, Benjamin F. Edwards & Company Inc. bought a new position in FS KKR Capital during the first quarter worth $78,000. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

Shares of FSK stock traded up $0.11 during trading hours on Tuesday, hitting $20.21. The company had a trading volume of 1,082,788 shares, compared to its average volume of 1,479,776. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $20.99. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.26 and a current ratio of 2.26. The firm’s fifty day moving average is $19.85 and its 200 day moving average is $19.62. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 8.42 and a beta of 1.26.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. FS KKR Capital had a net margin of 37.06% and a return on equity of 12.42%. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $426.41 million. During the same period last year, the firm posted $0.78 EPS. On average, sell-side analysts predict that FS KKR Capital Corp. will post 2.82 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The firm also recently disclosed a None dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be paid a $0.70 dividend. This represents a yield of 14.6%. The ex-dividend date is Wednesday, September 11th. FS KKR Capital’s dividend payout ratio is currently 106.67%.

Analysts Set New Price Targets

Several research firms have issued reports on FSK. Wells Fargo & Company decreased their price target on shares of FS KKR Capital from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Royal Bank of Canada restated a “sector perform” rating and set a $20.00 price target on shares of FS KKR Capital in a research note on Wednesday, August 14th. Finally, B. Riley reaffirmed a “buy” rating and issued a $21.00 price target (up previously from $20.00) on shares of FS KKR Capital in a report on Friday, May 10th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.06.

Insiders Place Their Bets

In related news, insider Daniel Pietrzak acquired 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $19.21 per share, with a total value of $96,050.00. Following the acquisition, the insider now directly owns 44,800 shares in the company, valued at $860,608. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Daniel Pietrzak acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $19.21 per share, for a total transaction of $96,050.00. Following the transaction, the insider now directly owns 44,800 shares of the company’s stock, valued at approximately $860,608. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael C. Forman sold 195,139 shares of the 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 disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

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.