FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans. In connection with the debt investments, the firm also receives equity interests such as warrants or options as additional consideration. It also seek to purchase minority interests in the form of common or preferred equity in our target companies, either in conjunction with one of the debt investments or through a co-investment with a financial sponsor. Additionally, on an opportunistic basis, the fund may also invest in corporate bonds and similar debt securities. The fund does not seek to invest in start-up companies, turnaround situations, or companies with speculative business plans. It seeks to invest in small and middle-market companies based in United States. The fund seeks to invest in firms with annual revenue between $10 million to $2.5 billion. It seeks to exit from securities by selling them in a privately negotiated over- the- counter market. For any investments that are not able to be sold within the secondary market, the firm seeks to exit such investments through repayment, an initial public offering of equity securities, merger, sale or recapitalization.
Industry, Sector and Symbol
Industry N/A
Sub-IndustryN/A
SectorFinance
CIKN/A
Phone215-495-1150
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$394 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date2/26/2020 (Estimated)
OptionableOptionable
FS KKR Capital (NYSE:FSK) Frequently Asked Questions
What is FS KKR Capital's stock symbol?
FS KKR Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "FSK."
How often does FS KKR Capital pay dividends? What is the dividend yield for FS KKR Capital?
FS KKR Capital announced a quarterly dividend on Thursday, November 7th. Investors of record on Wednesday, December 18th will be given a dividend of $0.19 per share on Friday, January 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 12.28%. The ex-dividend date is Tuesday, December 17th. View FS KKR Capital's Dividend History.
How were FS KKR Capital's earnings last quarter?
FS KKR Capital Corp (NYSE:FSK) posted its quarterly earnings data on Thursday, November, 7th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. The business earned $199 million during the quarter, compared to analyst estimates of $193.44 million. FS KKR Capital had a net margin of 22.13% and a return on equity of 9.01%. View FS KKR Capital's Earnings History.
When is FS KKR Capital's next earnings date?
What price target have analysts set for FSK?
4 brokers have issued 1 year target prices for FS KKR Capital's shares. Their forecasts range from $6.01 to $10.00. On average, they anticipate FS KKR Capital's stock price to reach $7.63 in the next year. This suggests a possible upside of 23.2% from the stock's current price. View Analyst Price Targets for FS KKR Capital.
What is the consensus analysts' recommendation for FS KKR Capital?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for FS KKR Capital in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for FS KKR Capital.
What are Wall Street analysts saying about FS KKR Capital stock?
Here are some recent quotes from research analysts about FS KKR Capital stock:
- 1. According to Zacks Investment Research, "FS KKR Capital Corp. is a business development company. It invests primarily in the senior secured debt and subordinated debt of private middle market U.S. companies. FS KKR Capital Corp., formerly known as FS Investment Corporation, is based in Philadelphia, United States. " (1/4/2020)
- 2. National Securities analysts commented, "▪ For 1Q19 FSK earned adjusted NII/share of $0.18, a penny short of both the quarterly dividend and our estimate. The portfolio at cost increased to $7.79 billion from $7.76 billion Q/Q as the company had $549mm of originations versus $510mm of sales and redemptions.
▪ NAV/share increased slightly to $7.86 from $7.84 the quarter prior. NAV/share was positively impacted by spread compression in both loan and bond markets but offset by certain portfolio company write-downs. There was one new small non-accrual, Sunguard Availability Services, marked at 33% of cost. Total non-accruals at cost were written down to 21% of cost from 45% Q/Q for a total impact of $32.3mm or $0.06/share.
▪ FSK filed a proxy on 4/23/19 to allow shareholders to vote on reduced asset coverage. We expect that shareholders will vote in favor of the proposal, which also would reduce the base fee on gross assets less cash purchased with D/E greater than 1.00x to 100 bps.
▪ On the earnings call, management stated that the near-term target D/E if given approval would be 0.95x but stated that they could potentially exceed this opportunistically if the market was attractive enough from dislocation. We think this is a good move by FSK as the upper middle market (UMM) portfolio is one that is likely fine with being levered at 1.00x. The increased flexibility afforded under reduced asset coverage could assist the company in bolstering earnings during periods of market volatility and will also serve to expand the 30% basket, enabling further growth of the senior credit fund (SCF).
▪ We are revising 2019 adjusted NII/share estimate to $0.79 from $0.80 and our 2020 adjusted NII/share estimate to $0.82 from $0.84. We are maintaining our BUY rating and our $10 price target." (5/13/2019)
Has FS KKR Capital been receiving favorable news coverage?
Media headlines about FSK stock have trended somewhat negative recently, InfoTrie Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. FS KKR Capital earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for FS KKR Capital.
Are investors shorting FS KKR Capital?
FS KKR Capital saw a decrease in short interest in January. As of January 15th, there was short interest totalling 1,740,000 shares, a decrease of 38.5% from the December 31st total of 2,830,000 shares. Based on an average trading volume of 2,050,000 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the shares of the stock are sold short. View FS KKR Capital's Current Options Chain.
Who are some of FS KKR Capital's key competitors?
Some companies that are related to FS KKR Capital include Franklin Resources (BEN), Raymond James (RJF), Host Hotels and Resorts (HST), Fairfax Financial Holdings Ltd Subordinate Voting Shares (FRFHF), VICI Properties (VICI), Ally Financial (ALLY), CapitaLand (CLLDY), Cna Financial (CNA), SEGRO (SEGXF), SCHRODERS/PAR VTG FPD 1 (SHNWF), Brown & Brown (BRO), Equitable (EQH), Medical Properties Trust (MPW), GPT Group (GPT) and Alleghany (Y).
What other stocks do shareholders of FS KKR Capital own?
Who are FS KKR Capital's key executives?
FS KKR Capital's management team includes the folowing people:
- Mr. Michael Craig Forman, Chairman & CEO (Age 58)
- Mr. Todd Christopher Builione J.D., Pres & Director (Age 44)
- Mr. William Balke Goebel CFA, CPA, CFO & Treasurer (Age 44)
- Mr. Daniel Ryan Pietrzak, Chief Investment Officer (Age 44)
- Mr. Marc Yaklofsky, Sr. VP, Head of Communications & Investor Relations
Who are FS KKR Capital's major shareholders?
FS KKR Capital's stock is owned by many different of institutional and retail investors. Top institutional investors include Mckinley Capital Management LLC Delaware (0.26%), AE Wealth Management LLC (0.18%), Foresight Wealth Management LLC (0.13%), RFG Advisory LLC (0.11%), J.W. Cole Advisors Inc. (0.07%) and Strategic Blueprint LLC (0.07%). Company insiders that own FS KKR Capital stock include Barbara Adams, Brian Gerson, Brian R Ford, Daniel Pietrzak, Michael C Forman, Michael J Hagan, Richard I Goldstein and Stephen Sypherd. View Institutional Ownership Trends for FS KKR Capital.
Which institutional investors are selling FS KKR Capital stock?
FSK stock was sold by a variety of institutional investors in the last quarter, including RFG Advisory LLC, Patriot Financial Group Insurance Agency LLC, AE Wealth Management LLC, Creative Financial Designs Inc. ADV, Lucia Wealth Services LLC, Camelot Portfolios LLC, Wealthstar Advisors LLC and CX Institutional. View Insider Buying and Selling for FS KKR Capital.
Which institutional investors are buying FS KKR Capital stock?
FSK stock was purchased by a variety of institutional investors in the last quarter, including J.W. Cole Advisors Inc., Strategic Blueprint LLC, Chapwood Capital Investment Management LLC, Assenagon Asset Management S.A., Beacon Financial Advisory LLC, Actinver Wealth Management Inc., F3Logic LLC and Acorn Financial Advisory Services Inc. ADV. Company insiders that have bought FS KKR Capital stock in the last two years include Barbara Adams, Brian Gerson, Brian R Ford, Daniel Pietrzak, Michael C Forman, Michael J Hagan, Richard I Goldstein and Stephen Sypherd. View Insider Buying and Selling for FS KKR Capital.
How do I buy shares of FS KKR Capital?
Shares of FSK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is FS KKR Capital's stock price today?
One share of FSK stock can currently be purchased for approximately $6.19.
How big of a company is FS KKR Capital?
FS KKR Capital has a market capitalization of $3.15 billion and generates $394 million in revenue each year. The company earns $569 million in net income (profit) each year or $0.85 on an earnings per share basis. View Additional Information About FS KKR Capital.
What is FS KKR Capital's official website?
How can I contact FS KKR Capital?
FS KKR Capital's mailing address is 201 ROUSE BOULEVARD, PHILADELPHIA PA, 19112. The company can be reached via phone at 215-495-1150 or via email at [email protected]
MarketBeat Community Rating for FS KKR Capital (NYSE FSK)
MarketBeat's community ratings are surveys of what our community members think about FS KKR Capital and other stocks. Vote "Outperform" if you believe FSK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FSK will underperform the S&P 500 over the long term. You may vote once every thirty days.
