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

Ellis Investment Partners LLC boosted its stake in FS KKR Capital Corp. (NYSE:FSK) by 3.9% in the 4th quarter, Holdings Channel reports. The firm owned 279,170 shares of the company’s stock after acquiring an additional 10,462 shares during the quarter. FS KKR Capital accounts for approximately 1.2% of Ellis Investment Partners LLC’s portfolio, making the stock its 18th largest position. Ellis Investment Partners LLC’s holdings in FS KKR Capital were worth $6,064,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on FSK shares. JPMorgan Chase & Co. lifted their price target on FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 price target on shares of FS KKR Capital in a research report on Monday, December 2nd. Royal Bank of Canada lifted their price target on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research report on Monday, November 18th. Finally, B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.63.

Insider Buying and Selling

In other news, insider Daniel Pietrzak purchased 5,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were acquired at an average price of $21.31 per share, with a total value of $106,550.00. Following the acquisition, the insider now directly owns 49,800 shares in the company, valued at approximately $1,061,238. The trade was a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have acquired a total of 11,500 shares of company stock worth $248,910 in the last 90 days. 0.25% of the stock is owned by company insiders.

FS KKR Capital Price Performance

Shares of NYSE:FSK opened at $23.70 on Friday. The stock has a market cap of $6.64 billion, a PE ratio of 12.61 and a beta of 1.25. The company’s fifty day moving average is $22.14 and its 200 day moving average is $20.95. FS KKR Capital Corp. has a 52 week low of $18.31 and a 52 week high of $23.73. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21.

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.