Harbour Investments Inc. Grows Holdings in FS KKR Capital Corp. (NYSE:FSK)

Harbour Investments Inc. lifted its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 2.5% during the 4th quarter, HoldingsChannel reports. The fund owned 391,647 shares of the company’s stock after acquiring an additional 9,612 shares during the period. Harbour Investments Inc.’s holdings in FS KKR Capital were worth $8,507,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Van ECK Associates Corp lifted its holdings in shares of FS KKR Capital by 11.7% during the 4th quarter. Van ECK Associates Corp now owns 6,421,190 shares of the company’s stock worth $139,469,000 after acquiring an additional 673,420 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of FS KKR Capital by 2.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,373,338 shares of the company’s stock worth $94,989,000 after acquiring an additional 91,192 shares during the period. Transcend Capital Advisors LLC lifted its holdings in shares of FS KKR Capital by 10.3% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,374,845 shares of the company’s stock worth $29,862,000 after acquiring an additional 128,856 shares during the period. Strong Tower Advisory Services lifted its holdings in shares of FS KKR Capital by 3.5% during the 4th quarter. Strong Tower Advisory Services now owns 1,070,522 shares of the company’s stock worth $23,252,000 after acquiring an additional 36,127 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of FS KKR Capital by 5.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 755,872 shares of the company’s stock worth $14,913,000 after acquiring an additional 36,461 shares during the period. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

FS KKR Capital Price Performance

FSK opened at $21.44 on Friday. FS KKR Capital Corp. has a twelve month low of $18.33 and a twelve month high of $24.10. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 11.40 and a beta of 1.22. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a fifty day simple moving average of $22.68 and a 200 day simple moving average of $21.42.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business had revenue of $407.00 million for the quarter, compared to analyst estimates of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. Equities research analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a yield of 13.06%. FS KKR Capital’s dividend payout ratio (DPR) is 122.49%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a report on Wednesday, December 11th. Royal Bank of Canada boosted their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. raised their target price on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods increased their price target on FS KKR Capital from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, FS KKR Capital has an average rating of “Hold” and a consensus price target of $21.70.

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.