Essex Financial Services Inc. Acquires Shares of 9,305 FS KKR Capital Corp. (NYSE:FSK)

Essex Financial Services Inc. bought a new position in shares of FS KKR Capital Corp. (NYSE:FSK) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,305 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds have also modified their holdings of the company. McIlrath & Eck LLC boosted its position in FS KKR Capital by 47.5% during the third quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after acquiring an additional 675 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of FS KKR Capital during the 4th quarter worth approximately $52,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of FS KKR Capital by 122.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after purchasing an additional 1,520 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of FS KKR Capital by 164.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock valued at $119,000 after purchasing an additional 3,744 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in FS KKR Capital by 32.1% during the third quarter. SG Americas Securities LLC now owns 10,317 shares of the company’s stock worth $204,000 after buying an additional 2,509 shares in the last quarter. 36.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on FSK. B. Riley downgraded FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lifted their target price 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. Royal Bank of Canada increased 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. Finally, Wells Fargo & Company reaffirmed 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. Eight research analysts have rated the stock with a hold rating, According to MarketBeat, FS KKR Capital presently has an average rating of “Hold” and a consensus price target of $20.63.

Insider Transactions at FS KKR Capital

In other news, insider Daniel Pietrzak bought 5,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the acquisition, the insider now directly owns 49,800 shares of the company’s stock, valued at $1,061,238. The trade was a 11.16 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders bought a total of 11,500 shares of company stock worth $248,910 over the last ninety days. Company insiders own 0.25% of the company’s stock.

FS KKR Capital Stock Performance

NYSE:FSK opened at $23.70 on Friday. The stock has a market capitalization of $6.64 billion, a P/E ratio of 12.61 and a beta of 1.25. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. FS KKR Capital Corp. has a fifty-two week low of $18.31 and a fifty-two week high of $23.73. The company has a 50 day moving average price of $22.10 and a 200 day moving average price of $20.93.

FS KKR Capital Company Profile

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.