Ellis Investment Partners LLC Has $6.06 Million Stake in FS KKR Capital Corp. (NYSE:FSK)

Ellis Investment Partners LLC increased its position in shares of FS KKR Capital Corp. (NYSE:FSK) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 279,170 shares of the company’s stock after buying an additional 10,462 shares during the period. FS KKR Capital accounts for approximately 1.2% of Ellis Investment Partners LLC’s investment portfolio, making the stock its 18th biggest position. Ellis Investment Partners LLC’s holdings in FS KKR Capital were worth $6,064,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in shares of FS KKR Capital by 32.1% in the third quarter. SG Americas Securities LLC now owns 10,317 shares of the company’s stock valued at $204,000 after purchasing an additional 2,509 shares during the last quarter. Creative Planning increased its holdings in shares of FS KKR Capital by 1.1% in the third quarter. Creative Planning now owns 97,849 shares of the company’s stock valued at $1,931,000 after purchasing an additional 1,041 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of FS KKR Capital by 5.2% in the third quarter. Cornerstone Wealth Management LLC now owns 25,492 shares of the company’s stock valued at $503,000 after purchasing an additional 1,255 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of FS KKR Capital in the third quarter valued at $211,000. Finally, Good Life Advisors LLC boosted its position in shares of FS KKR Capital by 92.0% in the third quarter. Good Life Advisors LLC now owns 20,878 shares of the company’s stock valued at $412,000 after acquiring an additional 10,002 shares during the period. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other FS KKR Capital news, insider Daniel Pietrzak bought 5,000 shares of the stock in a transaction on Thursday, December 5th. The stock was purchased at an average price of $21.31 per share, with a total value of $106,550.00. Following the completion of the purchase, the insider now owns 49,800 shares in the company, valued at $1,061,238. The trade was a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders acquired 11,500 shares of company stock valued at $248,910. 0.25% of the stock is currently owned by corporate insiders.

FS KKR Capital Stock Up 1.5 %

Shares of NYSE FSK opened at $23.70 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 12.61 and a beta of 1.25. FS KKR Capital Corp. has a 12 month low of $18.31 and a 12 month high of $23.73. The stock has a 50-day moving average price of $22.14 and a two-hundred day moving average price of $20.95.

Analyst Upgrades and Downgrades

FSK has been the subject of a number of recent research reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $21.00 target price on shares of FS KKR Capital in a research report on Monday, December 2nd. Royal Bank of Canada upped their price objective on shares of FS KKR Capital from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Monday, November 18th. B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upped 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 report on Monday, February 3rd. Eight research 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 $20.63.

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.