Mandatum Life Insurance Co Ltd Acquires 1,988 Shares of FS KKR Capital Corp. (NYSE:FSK)

Mandatum Life Insurance Co Ltd raised its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,654 shares of the company’s stock after buying an additional 1,988 shares during the quarter. Mandatum Life Insurance Co Ltd’s holdings in FS KKR Capital were worth $688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cascade Investment Group Inc. increased its holdings in shares of FS KKR Capital by 19.9% in the fourth quarter. Cascade Investment Group Inc. now owns 63,073 shares of the company’s stock worth $1,370,000 after purchasing an additional 10,450 shares during the last quarter. HB Wealth Management LLC grew its holdings in FS KKR Capital by 11.2% during the 4th quarter. HB Wealth Management LLC now owns 19,228 shares of the company’s stock valued at $418,000 after buying an additional 1,943 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of FS KKR Capital by 8.5% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 53,200 shares of the company’s stock worth $1,156,000 after acquiring an additional 4,149 shares in the last quarter. Family Wealth Partners LLC boosted its position in shares of FS KKR Capital by 6.9% during the 4th quarter. Family Wealth Partners LLC now owns 24,356 shares of the company’s stock valued at $529,000 after acquiring an additional 1,576 shares during the last quarter. Finally, Ritholtz Wealth Management grew its holdings in shares of FS KKR Capital by 10.3% in the fourth quarter. Ritholtz Wealth Management now owns 23,996 shares of the company’s stock valued at $521,000 after purchasing an additional 2,250 shares in the last quarter. Institutional investors own 36.26% of the company’s stock.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $21.31 per share, with a total value of $106,550.00. Following the completion of the acquisition, the insider now directly owns 49,800 shares of the company’s stock, valued at $1,061,238. This trade represents a 11.16 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders purchased 11,500 shares of company stock valued at $248,910. Insiders own 0.25% of the company’s stock.

FS KKR Capital Stock Performance

FSK stock opened at $22.27 on Monday. The firm has a 50-day simple moving average of $21.58 and a two-hundred day simple moving average of $20.57. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. FS KKR Capital Corp. has a one year low of $18.31 and a one year high of $22.40. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 11.84 and a beta of 1.24.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The firm had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. During the same quarter in the prior year, the business posted $0.80 EPS. On average, equities analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on FSK. Royal Bank of Canada upped their price objective on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research report on Monday, November 18th. Wells Fargo & Company restated an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a report on Monday, December 2nd. Finally, B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research note on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.25.

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.