FS KKR Capital Corp. (NYSE:FSK) Position Trimmed by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its position in FS KKR Capital Corp. (NYSE:FSKGet Rating) by 37.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 37,095 shares of the company’s stock after selling 22,282 shares during the quarter. Mackenzie Financial Corp’s holdings in FS KKR Capital were worth $720,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FSK. Kohlberg Kravis Roberts & Co. L.P. grew its stake in shares of FS KKR Capital by 18.6% in the 1st quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 19,726,981 shares of the company’s stock valued at $450,170,000 after buying an additional 3,100,501 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of FS KKR Capital by 47.9% in the 2nd quarter. Van ECK Associates Corp now owns 3,789,230 shares of the company’s stock valued at $73,586,000 after buying an additional 1,228,034 shares in the last quarter. River Road Asset Management LLC grew its stake in shares of FS KKR Capital by 50.6% in the 1st quarter. River Road Asset Management LLC now owns 1,905,874 shares of the company’s stock valued at $43,492,000 after buying an additional 640,238 shares in the last quarter. TCW Group Inc. boosted its position in FS KKR Capital by 98.5% during the second quarter. TCW Group Inc. now owns 839,847 shares of the company’s stock worth $16,310,000 after purchasing an additional 416,744 shares during the period. Finally, Kingfisher Capital LLC boosted its position in FS KKR Capital by 183.8% during the first quarter. Kingfisher Capital LLC now owns 338,351 shares of the company’s stock worth $7,721,000 after purchasing an additional 219,125 shares during the period. Institutional investors own 35.74% of the company’s stock.

FS KKR Capital Stock Up 0.9 %

Shares of FSK stock opened at $19.80 on Friday. FS KKR Capital Corp. has a 12 month low of $16.70 and a 12 month high of $23.44. The firm has a market cap of $5.60 billion, a PE ratio of 27.50 and a beta of 1.38. The stock has a 50 day moving average of $18.72 and a 200-day moving average of $20.20. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.28.

FS KKR Capital (NYSE:FSKGet Rating) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.73 EPS for the quarter, hitting analysts’ consensus estimates of $0.73. FS KKR Capital had a return on equity of 10.47% and a net margin of 13.29%. The company had revenue of $411.00 million during the quarter, compared to analyst estimates of $407.90 million. On average, equities analysts predict that FS KKR Capital Corp. will post 2.87 EPS for the current year.

FS KKR Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Wednesday, December 14th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 13.74%. This is a positive change from FS KKR Capital’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, December 13th. FS KKR Capital’s dividend payout ratio is presently 338.89%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FSK shares. Wells Fargo & Company upped their target price on FS KKR Capital from $18.00 to $18.50 and gave the stock an “equal weight” rating in a research report on Wednesday, November 9th. Compass Point decreased their target price on FS KKR Capital to $24.00 in a research report on Monday, August 15th. Hovde Group decreased their target price on FS KKR Capital to $21.00 in a research report on Wednesday, October 5th. Finally, Royal Bank of Canada decreased their target price on FS KKR Capital from $23.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, November 10th.

Insider Activity at FS KKR Capital

In other news, insider Daniel Pietrzak bought 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The stock was acquired at an average cost of $18.76 per share, for a total transaction of $112,560.00. Following the completion of the purchase, the insider now owns 27,500 shares of the company’s stock, valued at approximately $515,900. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders bought 7,625 shares of company stock worth $144,400. 0.20% of the stock is owned by corporate insiders.

FS KKR Capital Profile

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FS KKR Capital Corp investment company located in US with an EBITDA of $25 to $100 million. The fund focus on Broad range of sectors. It participates in debt and buyout capital transactions.

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Want to see what other hedge funds are holding FSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FS KKR Capital Corp. (NYSE:FSKGet Rating).

Institutional Ownership by Quarter for FS KKR Capital (NYSE:FSK)

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