Mirae Asset Global Investments Co. Ltd. Has $861,000 Position in FS KKR Capital Corp. $FSK

Mirae Asset Global Investments Co. Ltd. grew its position in FS KKR Capital Corp. (NYSE:FSK) by 43.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,500 shares of the company’s stock after buying an additional 12,580 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in FS KKR Capital were worth $861,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC grew its holdings in shares of FS KKR Capital by 2.8% during the 1st quarter. LPL Financial LLC now owns 3,682,289 shares of the company’s stock valued at $77,144,000 after purchasing an additional 98,647 shares during the last quarter. Cura Wealth Advisors LLC grew its holdings in shares of FS KKR Capital by 1.1% during the 1st quarter. Cura Wealth Advisors LLC now owns 1,784,604 shares of the company’s stock valued at $37,387,000 after purchasing an additional 19,367 shares during the last quarter. Transcend Capital Advisors LLC grew its holdings in shares of 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 valued at $29,453,000 after purchasing an additional 31,039 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of FS KKR Capital by 4.8% during the 1st quarter. Cetera Investment Advisers now owns 969,138 shares of the company’s stock valued at $20,303,000 after purchasing an additional 44,087 shares during the last quarter. Finally, Fountainhead AM LLC grew its holdings in shares of FS KKR Capital by 1.2% during the 1st quarter. Fountainhead AM LLC now owns 898,059 shares of the company’s stock valued at $18,814,000 after purchasing an additional 10,565 shares during the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

FS KKR Capital Stock Performance

FSK opened at $14.35 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 2.40. The company’s fifty day moving average price is $17.09 and its two-hundred day moving average price is $19.46. FS KKR Capital Corp. has a 1-year low of $14.27 and a 1-year high of $24.10.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of $0.63 by ($1.23). FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.The business had revenue of $398.00 million for the quarter, compared to analyst estimates of $402.00 million. During the same quarter in the previous year, the company posted $0.75 EPS. As a group, equities research analysts expect that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Wednesday, September 17th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 19.5%. The ex-dividend date was Wednesday, September 17th. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is currently 328.21%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of FS KKR Capital from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Zacks Research raised shares of FS KKR Capital to a “strong sell” rating in a report on Friday, August 8th. Royal Bank Of Canada reduced their target price on shares of FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 26th. Wells Fargo & Company raised shares of FS KKR Capital from an “underweight” rating to an “equal weight” rating and set a $15.00 target price on the stock in a report on Monday. Finally, Keefe, Bruyette & Woods reduced their target price on shares of FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a report on Tuesday, August 12th. Seven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $17.75.

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.