Van ECK Associates Corp Has $139.47 Million Stake in FS KKR Capital Corp. (NYSE:FSK)

Van ECK Associates Corp grew its holdings in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,421,190 shares of the company's stock after buying an additional 673,420 shares during the period. Van ECK Associates Corp owned 2.29% of FS KKR Capital worth $139,469,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sovran Advisors LLC bought a new position in FS KKR Capital in the 4th quarter worth approximately $283,000. Essex Financial Services Inc. bought a new position in shares of FS KKR Capital during the 4th quarter worth $202,000. Global Wealth Management Investment Advisory Inc. boosted its position in FS KKR Capital by 7.6% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 55,054 shares of the company's stock valued at $1,196,000 after purchasing an additional 3,875 shares in the last quarter. Soltis Investment Advisors LLC purchased a new stake in shares of FS KKR Capital during the fourth quarter worth about $369,000. Finally, Wagner Wealth Management LLC grew its stake in shares of FS KKR Capital by 6.4% during the fourth quarter. Wagner Wealth Management LLC now owns 11,300 shares of the company's stock worth $245,000 after acquiring an additional 679 shares during the last quarter. Institutional investors own 36.26% of the company's stock.

FS KKR Capital Price Performance

Shares of FSK traded up $0.34 during mid-day trading on Monday, hitting $23.70. The company's stock had a trading volume of 1,237,699 shares, compared to its average volume of 1,170,332. The firm has a 50-day simple moving average of $22.19 and a 200 day simple moving average of $20.98. The firm has a market capitalization of $6.64 billion, a P/E ratio of 12.61 and a beta of 1.25. FS KKR Capital Corp. has a 1-year low of $18.31 and a 1-year high of $23.73. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21.

Insiders Place Their Bets

In other news, insider Daniel Pietrzak purchased 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 transaction, the insider now 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 Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders purchased 11,500 shares of company stock valued at $248,910. Corporate insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. 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 report on Wednesday, December 11th. JPMorgan Chase & Co. upped their target price on FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note 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. Finally, Royal Bank of Canada boosted their price target on 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. Eight analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $20.63.

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.