FS KKR Capital Corp. (NYSE:FSK) Shares Bought by Harvest Investment Services LLC

Harvest Investment Services LLC lifted its stake in FS KKR Capital Corp. (NYSE:FSK - Free Report) by 11.9% in the 4th quarter, according to its most recent 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 comprises about 1.0% of Harvest Investment Services LLC's portfolio, making the stock its 25th largest holding. Harvest Investment Services LLC owned about 0.06% of FS KKR Capital worth $3,895,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. IHT Wealth Management LLC boosted its position in FS KKR Capital by 17.7% in the fourth quarter. IHT Wealth Management LLC now owns 337,754 shares of the company's stock valued at $7,336,000 after buying an additional 50,827 shares during the last quarter. Stifel Financial Corp increased its stake in shares of FS KKR Capital by 18.2% in the fourth quarter. Stifel Financial Corp now owns 345,606 shares of the company's stock worth $7,507,000 after acquiring an additional 53,110 shares during the period. Transce3nd LLC purchased a new position in shares of FS KKR Capital during the fourth quarter worth $11,173,000. Sharpepoint LLC acquired a new position in FS KKR Capital during the fourth quarter valued at $677,000. Finally, Frederick Financial Consultants LLC purchased a new stake in FS KKR Capital in the fourth quarter valued at $342,000. Hedge funds and other institutional investors own 36.26% of the company's stock.

FS KKR Capital Price Performance

Shares of FS KKR Capital stock traded up $0.12 on Friday, reaching $20.16. The company's stock had a trading volume of 837,001 shares, compared to its average volume of 1,489,913. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $5.65 billion, a P/E ratio of 10.72 and a beta of 0.98. The stock has a 50-day moving average price of $20.98 and a 200-day moving average price of $21.43. FS KKR Capital Corp. has a 52-week low of $17.42 and a 52-week high of $24.10.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $407.00 million during the quarter, compared to analysts' expectations of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. Analysts expect that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Dividend Announcement

The business 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 of this dividend was Wednesday, March 19th. This represents a $2.80 annualized dividend and a dividend yield of 13.89%. FS KKR Capital's dividend payout ratio (DPR) is presently 122.49%.

Wall Street Analysts Forecast Growth

FSK has been the subject of several analyst reports. Wells Fargo & Company cut FS KKR Capital from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $21.00 to $19.00 in a report on Monday, March 17th. Keefe, Bruyette & Woods decreased their price target on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada raised 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. Finally, JPMorgan Chase & Co. decreased their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat, FS KKR Capital presently has an average rating of "Hold" and an average target price of $20.10.

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.