FS KKR Capital Corp. $FSK Shares Sold by Mandatum Life Insurance Co Ltd

Mandatum Life Insurance Co Ltd lowered its position in FS KKR Capital Corp. (NYSE:FSK) by 23.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,137 shares of the company’s stock after selling 7,678 shares during the period. Mandatum Life Insurance Co Ltd’s holdings in FS KKR Capital were worth $522,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Sovran Advisors LLC raised its position in shares of FS KKR Capital by 8.2% in the second quarter. Sovran Advisors LLC now owns 67,565 shares of the company’s stock worth $1,432,000 after acquiring an additional 5,106 shares during the period. Krilogy Financial LLC raised its position in shares of FS KKR Capital by 35.8% in the second quarter. Krilogy Financial LLC now owns 28,637 shares of the company’s stock worth $594,000 after acquiring an additional 7,546 shares during the period. Fiduciary Alliance LLC raised its position in shares of FS KKR Capital by 11.3% in the second quarter. Fiduciary Alliance LLC now owns 26,118 shares of the company’s stock worth $542,000 after acquiring an additional 2,650 shares during the period. Dover Advisors LLC raised its position in shares of FS KKR Capital by 4.5% in the second quarter. Dover Advisors LLC now owns 24,400 shares of the company’s stock worth $506,000 after acquiring an additional 1,050 shares during the period. Finally, Adams Asset Advisors LLC raised its position in shares of FS KKR Capital by 7.5% in the second quarter. Adams Asset Advisors LLC now owns 142,637 shares of the company’s stock worth $2,960,000 after acquiring an additional 10,011 shares during the period. Institutional investors and hedge funds own 36.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wall Street Zen downgraded shares of FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Royal Bank Of Canada decreased their price target on shares of FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 26th. Wells Fargo & Company lowered their price objective on FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating on the stock in a report on Friday, August 8th. Zacks Research upgraded FS KKR Capital to a “strong sell” rating in a research note on Friday, August 8th. Finally, Keefe, Bruyette & Woods decreased their target price on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a research report on Tuesday, August 12th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $18.42.

FS KKR Capital Stock Performance

NYSE FSK opened at $15.85 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 stock’s fifty day moving average is $19.18 and its two-hundred day moving average is $20.15. The firm has a market capitalization of $4.44 billion, a P/E ratio of 20.32 and a beta of 0.95. FS KKR Capital Corp. has a fifty-two week low of $15.69 and a fifty-two week high of $24.10.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.60) EPS 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 company had revenue of $398.00 million for the quarter, compared to analysts’ expectations of $402.00 million. During the same quarter in the prior year, the firm earned $0.75 EPS. On average, research analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Wednesday, September 17th will be paid a $0.70 dividend. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $2.80 annualized dividend and a dividend yield of 17.7%. FS KKR Capital’s dividend payout ratio is currently 328.21%.

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.