FS KKR Capital Corp. (NYSE:FSK) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 35.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,920 shares of the company’s stock after acquiring an additional 7,620 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in FS KKR Capital were worth $607,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FSK. Generali Asset Management SPA SGR bought a new position in shares of FS KKR Capital during the fourth quarter valued at approximately $17,608,000. Kingswood Wealth Advisors LLC boosted its position 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 valued at $16,831,000 after purchasing an additional 563,432 shares during the period. Transce3nd LLC bought a new position in FS KKR Capital during the 4th quarter worth $11,173,000. Raymond James Financial Inc. bought a new position in FS KKR Capital during the 4th quarter worth $6,499,000. Finally, Bessemer Group Inc. acquired a new stake in FS KKR Capital in the fourth quarter worth $4,871,000. 36.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating for the company in a report on Thursday, May 15th. Wells Fargo & Company cut their price objective on shares of FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Monday, April 28th. JPMorgan Chase & Co. reduced 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. 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 report on Tuesday, April 8th. Finally, B. Riley started coverage on FS KKR Capital in a report on Tuesday, May 13th. They set a “neutral” rating and a $19.00 price target on the stock. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $19.50.

FS KKR Capital Price Performance

Shares of NYSE:FSK opened at $21.42 on Friday. The company has a 50 day moving average of $20.78 and a 200-day moving average of $21.33. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 1.22. FS KKR Capital Corp. has a twelve month low of $17.42 and a twelve month high of $24.10.

FS KKR Capital (NYSE:FSK) last released its earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The firm had revenue of $400.00 million during the quarter, compared to the consensus estimate of $395.22 million. FS KKR Capital had a return on equity of 11.78% and a net margin of 31.53%. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 earnings per share. On average, research analysts expect 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. Investors of record on Wednesday, June 18th were paid a dividend of $0.64 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $2.56 annualized dividend and a yield of 11.95%. FS KKR Capital’s dividend payout ratio is currently 134.74%.

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.