FS KKR Capital Corp. (NYSE:FSK) Position Increased by Harvest Investment Services LLC

Harvest Investment Services LLC lifted its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 11.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 179,334 shares of the company’s stock after purchasing an additional 19,004 shares during the quarter. FS KKR Capital makes up about 1.0% of Harvest Investment Services LLC’s holdings, making the stock its 25th biggest position. Harvest Investment Services LLC owned approximately 0.06% of FS KKR Capital worth $3,895,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FSK. Kingswood Wealth Advisors LLC lifted its stake in shares of FS KKR Capital by 86.3% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock valued at $4,878,000 after buying an additional 104,016 shares during the period. Inspire Advisors LLC raised its holdings in shares of FS KKR Capital by 28.6% in the fourth quarter. Inspire Advisors LLC now owns 109,919 shares of the company’s stock valued at $2,387,000 after buying an additional 24,443 shares during the last quarter. Proactive Wealth Strategies LLC increased its holdings in shares of FS KKR Capital by 24.8% in the fourth quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company’s stock valued at $1,411,000 after purchasing an additional 12,926 shares in the last quarter. Graypoint LLC lifted its stake in shares of FS KKR Capital by 23.1% during the fourth quarter. Graypoint LLC now owns 139,504 shares of the company’s stock valued at $3,030,000 after acquiring an additional 26,174 shares during the period. Finally, J.W. Cole Advisors Inc. grew its position in shares of FS KKR Capital by 15.2% during the 4th quarter. J.W. Cole Advisors Inc. now owns 205,935 shares of the company’s stock worth $4,473,000 after buying an additional 27,110 shares during the period. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Price Performance

FSK stock opened at $19.03 on Tuesday. FS KKR Capital Corp. has a 12 month low of $17.42 and a 12 month high of $24.10. 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 firm has a market capitalization of $5.33 billion, a P/E ratio of 10.12 and a beta of 0.98. The firm has a 50 day moving average of $21.29 and a 200-day moving average of $21.44.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm had revenue of $407.00 million during the quarter, compared to the consensus estimate of $419.97 million. As a group, sell-side analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current fiscal year.

FS KKR Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, March 19th. This represents a $2.80 dividend on an annualized basis and a yield of 14.71%. FS KKR Capital’s dividend payout ratio (DPR) is currently 122.49%.

Analyst Ratings Changes

FSK has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods dropped their price target on FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. increased their price objective on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada boosted their price target on FS KKR Capital from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Finally, Wells Fargo & Company cut shares of FS KKR Capital from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $21.00 to $19.00 in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.70.

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.