FS KKR Capital
About: FS KKR Capital Corp is a business development company based in the United States. Its portfolio is comprised of investments in senior secured loans and second lien secured loans of private middle market U.S. companies and, to a lesser extent, subordinated loans and certain asset-based financing loans of private U.S. companies. It is focused on providing customized credit solutions to private upper middle-market companies, which it generally defines as companies with annual EBITDA of at least $50 million at the time of investment.
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
8% more repeat investments, than reductions
Existing positions increased: 172 | Existing positions reduced: 159
8% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 51
1% more funds holding
Funds holding: 478 [Q2] → 482 (+4) [Q3]
1.01% less ownership
Funds ownership: 28.74% [Q2] → 27.73% (-1.01%) [Q3]
6% less capital invested
Capital invested by funds: $1.58B [Q2] → $1.48B (-$99.4M) [Q3]
22% less call options, than puts
Call options by funds: $17M | Put options by funds: $21.8M
25% less funds holding in top 10
Funds holding in top 10: 12 [Q2] → 9 (-3) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$21
1%
downside
Avg. target
$21
1%
downside
High target
$21
1%
downside
2 analyst ratings
0 positive
0%
2 neutral
100%
0 negative
0%
Wells Fargo Finian O'Shea 61% 1-year accuracy 22 / 36 met price target | 1%downside $21 | Equal-Weight Downgraded | 2 Dec 2024 |
RBC Capital Kenneth Lee 69% 1-year accuracy 45 / 65 met price target | 1%downside $21 | Sector Perform Maintained | 18 Nov 2024 |
Financial journalist opinion
Based on 11 articles about FSK published over the past 30 days
Neutral
PRNewsWire
2 days ago
FSK Prices Public Offering of $100 million 6.125% Unsecured Notes Due 2030
PHILADELPHIA and NEW YORK , Dec. 20, 2024 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK) announced that it has priced an underwritten public offering of an additional $100 million in aggregate principal amount of its 6.125% notes due 2030 (the "Notes") pursuant to a reopening of such Notes. The Notes will mature on January 15, 2030 and may be redeemed in whole or in part at FSK's option at any time at par plus a "make-whole" premium, provided that the Notes may be redeemed at par one month prior to their maturity.
Positive
Zacks Investment Research
1 week ago
Why Investors Need to Take Advantage of These 2 Finance Stocks Now
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
Positive
Seeking Alpha
1 week ago
Invest In $95,000 BDC Portfolio For $10,000 Annual Income And Durable Compounding
Private credit/BDC investments offer exposure to structural growth and a significant portfolio yield enhancement. Yet, we have to be extra careful of not falling into value traps and investing in unsustainable yields, which are abundant in the inherently risky sector. In this article, I share a BDC portfolio that has ~10.5% yield, healthier fundamentals than the average in the space, and, importantly, meaningful price appreciation potential.
Positive
Seeking Alpha
1 week ago
FS KKR Capital: Silences The Naysayers While Paying A 13% Yield
FS KKR Capital Corp investors have outperformed the S&P 500 since my previous update, validating my bullish thesis. FSK's ability to outperform its business development company, or BDC, peers suggests the market was too pessimistic. Its portfolio remains well-poised to benefit from a higher for longer Fed, notwithstanding the peak in interest rates.
Positive
Seeking Alpha
1 week ago
FS KKR Capital: Reviewing Dividend Safety With Updated Data And Market Conditions
FS KKR Capital focuses on debt investments in US middle-market businesses with annual EBITDA between $50m and $150m, emphasizing long-term, defensive strategies. The company prioritizes stable, cash flow generating businesses, with nearly 60% of investments in senior secured, first-lien loans. FSK's conservative approach is evident in its low non-accruals at fair value, which stand at 1.7%.
Neutral
Seeking Alpha
1 week ago
How Donald Trump's Tariffs Could Impact High-Yield Stocks
President-elect Donald Trump's proposed tariffs have ignited significant uncertainty for the economy and markets. We take a look at how they will likely impact various high-yield sectors. We also share some of our top picks of the moment.
Positive
Seeking Alpha
1 week ago
Despite Strong Gains, FS KKR's Yield Is Still A Massive 13%
FS KKR Capital Corp offers a dividend yield exceeding 13%, making it attractive for income investors despite recent valuation increases. With a market cap of around $6 billion, FS KKR is one of the larger BDCs, lending to upper-middle market companies. Risks exist, but FS KKR Capital's substantial yield and market position warrant a closer look for income-focused investors.
Positive
Seeking Alpha
1 week ago
FS KKR Capital: Improved Portfolio Quality, Strong Dividend Coverage
FS KKR Capital's (FSK) portfolio quality has improved with a decrease in non-accrual rates, indicating higher average credit quality and strong earnings supporting a 13% dividend yield. The portfolio is diversified, with 67% in senior secured debt, and operates on a floating rate basis, sensitive to interest rate changes. Despite a slight decrease in NAV, FSK's management is actively investing in new deals.
Positive
24/7 Wall Street
2 weeks ago
4 Quality Ultra-High-Yield Stocks That Pay Huge 12%-16% Dividends Are Top December Buys
Investors love dividend stocks, especially the high-yield variety.
Positive
Seeking Alpha
2 weeks ago
FS KKR Capital: A 13% Yield And Repricing Upside
FS KKR Capital's improving asset quality and reduced non-performing loans have narrowed its discount to net asset value, making it an attractive investment. FS KKR Capital is a top 4 BDC in terms of market cap and has managed to lower its non-accrual percentage. FS KKR Capital's 13% yield is well-supported by net investment income, with a 7% discount to NAV still offering value for dividend investors.
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