Mandatum Life Insurance Co Ltd Increases Position in FS KKR Capital Corp. (NYSE:FSK)

Mandatum Life Insurance Co Ltd lifted its stake in shares of FS KKR Capital Corp. (NYSE:FSK) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,654 shares of the company’s stock after purchasing an additional 1,988 shares during the period. Mandatum Life Insurance Co Ltd’s holdings in FS KKR Capital were worth $688,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FSK. International Assets Investment Management LLC raised its holdings in FS KKR Capital by 1,967.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock valued at $62,462,000 after buying an additional 3,012,711 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of FS KKR Capital in the second quarter worth $19,544,000. Legacy Investment Solutions LLC purchased a new stake in shares of FS KKR Capital during the third quarter worth $7,830,000. Flagship Harbor Advisors LLC purchased a new stake in shares of FS KKR Capital during the third quarter worth $7,290,000. Finally, Van ECK Associates Corp raised its stake in shares of FS KKR Capital by 6.6% in the third quarter. Van ECK Associates Corp now owns 5,747,770 shares of the company’s stock valued at $117,886,000 after acquiring an additional 356,704 shares in the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak purchased 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, for a total transaction of $106,550.00. Following the purchase, the insider now directly owns 49,800 shares in the company, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have bought 11,500 shares of company stock worth $248,910. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

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

FS KKR Capital Stock Performance

Shares of FS KKR Capital stock opened at $22.27 on Monday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $22.40. The firm’s 50 day moving average is $21.58 and its two-hundred day moving average is $20.57. The firm has a market capitalization of $6.24 billion, a P/E ratio of 11.84 and a beta of 1.24.

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

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.