Mandatum Life Insurance Co Ltd Acquires 1,161 Shares of FS KKR Capital Corp. (NYSE:FSK)

Mandatum Life Insurance Co Ltd raised its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,815 shares of the company’s stock after purchasing an additional 1,161 shares during the period. Mandatum Life Insurance Co Ltd’s holdings in FS KKR Capital were worth $687,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC increased its stake in shares of FS KKR Capital by 3.5% in the 4th quarter. LPL Financial LLC now owns 3,583,642 shares of the company’s stock valued at $77,837,000 after acquiring an additional 119,593 shares during the last quarter. Ameriprise Financial Inc. increased its stake in FS KKR Capital by 8.1% during the 4th quarter. Ameriprise Financial Inc. now owns 1,418,903 shares of the company’s stock worth $30,827,000 after purchasing an additional 106,641 shares in the last quarter. Transcend Capital Advisors LLC increased its stake in FS KKR Capital by 2.3% during the 1st quarter. Transcend Capital Advisors LLC now owns 1,405,884 shares of the company’s stock worth $29,453,000 after purchasing an additional 31,039 shares in the last quarter. Strong Tower Advisory Services increased its stake in FS KKR Capital by 5.1% during the 1st quarter. Strong Tower Advisory Services now owns 1,125,576 shares of the company’s stock worth $23,581,000 after purchasing an additional 55,054 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC increased its stake in FS KKR Capital by 250.9% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 788,025 shares of the company’s stock worth $16,831,000 after purchasing an additional 563,432 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Trading Up 0.3%

FS KKR Capital stock traded up $0.06 during mid-day trading on Friday, hitting $22.54. 153,366 shares of the company’s stock traded hands, compared to its average volume of 1,460,958. The firm has a 50 day simple moving average of $21.12 and a two-hundred day simple moving average of $21.34. FS KKR Capital Corp. has a fifty-two week low of $17.42 and a fifty-two week high of $24.10. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 1.22.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. FS KKR Capital had a return on equity of 11.78% and a net margin of 31.53%. The business had revenue of $400.00 million during the quarter, compared to the consensus estimate of $395.22 million. During the same quarter last year, the firm posted $0.62 EPS. The company’s quarterly revenue was down 7.8% on a year-over-year basis. On average, analysts anticipate that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 11.36%. The ex-dividend date of this dividend was Wednesday, June 18th. FS KKR Capital’s dividend payout ratio is currently 134.74%.

Wall Street Analyst Weigh In

FSK has been the subject of a number of recent research reports. Oppenheimer reduced their price target on FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating for the company in a research report on Friday, May 9th. Royal Bank Of Canada reduced their price target on FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, May 15th. Wells Fargo & Company cut their price objective on FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Monday, April 28th. 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, April 24th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, FS KKR Capital has a consensus rating of “Hold” and an average price target of $19.50.

About FS KKR Capital

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.