Ellis Investment Partners LLC Acquires 10,462 Shares of FS KKR Capital Corp. (NYSE:FSK)

Ellis Investment Partners LLC grew its holdings in FS KKR Capital Corp. (NYSE:FSK) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 279,170 shares of the company’s stock after purchasing an additional 10,462 shares during the quarter. FS KKR Capital makes up approximately 1.2% of Ellis Investment Partners LLC’s holdings, making the stock its 18th biggest holding. Ellis Investment Partners LLC owned about 0.10% of FS KKR Capital worth $6,064,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. McIlrath & Eck LLC boosted its stake in shares of FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock valued at $41,000 after purchasing an additional 675 shares during the last quarter. FNY Investment Advisers LLC bought a new position in FS KKR Capital during the 4th quarter worth approximately $52,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in FS KKR Capital by 122.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock worth $60,000 after acquiring an additional 1,520 shares during the last quarter. Roxbury Financial LLC bought a new position in FS KKR Capital during the 4th quarter worth approximately $69,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in FS KKR Capital by 164.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock worth $119,000 after acquiring an additional 3,744 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Price Performance

NYSE FSK opened at $23.70 on Friday. 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 12-month low of $18.31 and a 12-month high of $23.73. The company has a market capitalization of $6.64 billion, a PE ratio of 12.61 and a beta of 1.25. The firm’s 50 day moving average is $22.14 and its 200-day moving average is $20.95.

Insider Activity

In other FS KKR Capital news, insider Daniel Pietrzak acquired 5,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were bought at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the acquisition, the insider now directly owns 49,800 shares of the company’s stock, valued at approximately $1,061,238. This trade represents a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have acquired 11,500 shares of company stock worth $248,910 over the last ninety days. Insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FSK. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective on the stock. in a research note on Wednesday, December 11th. Wells Fargo & Company reissued an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. JPMorgan Chase & Co. lifted their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada lifted their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the company 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, FS KKR Capital has an average rating of “Hold” and a consensus price target of $20.63.

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.