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 declared a quarterly dividend on Thursday, November 7th. Shareholders 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 annualized dividend and a yield of 12.04%. 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) issued its quarterly earnings results on Thursday, November, 7th. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. The business had revenue of $199 million for the quarter, compared to the consensus estimate of $193.44 million. FS KKR Capital had a return on equity of 9.01% and a net margin of 22.13%. 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 12 month price objectives for FS KKR Capital's stock. Their forecasts range from $6.01 to $10.00. On average, they anticipate FS KKR Capital's share price to reach $7.63 in the next twelve months. This suggests a possible upside of 20.9% 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?
News stories about FSK stock have trended extremely negative this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. 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 impact score of -4.0 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for FS KKR Capital.
Are investors shorting FS KKR Capital?
FS KKR Capital saw a drop in short interest during the month of December. As of December 31st, there was short interest totalling 1,740,000 shares, a drop of 38.5% from the December 15th total of 2,830,000 shares. Based on an average trading volume of 2,080,000 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the shares of the company are short sold. 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), Equity Lifestyle Properties (ELS), Vornado Realty Trust (VNO), Host Hotels and Resorts (HST), Fairfax Financial Holdings Ltd Subordinate Voting Shares (FRFHF), Cna Financial (CNA), CapitaLand (CLLDY), VICI Properties (VICI), Equitable (EQH), SCHRODERS/PAR VTG FPD 1 (SHNWF), Lincoln National (LNC), Alleghany (Y), AEGON (AEG), Brown & Brown (BRO) and Klepierre (KLPEF).
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 a number of of retail and institutional investors. Top institutional shareholders include AE Wealth Management LLC (0.18%), Foresight Wealth Management LLC (0.13%), Strategic Blueprint LLC (0.07%), Advisors Capital Management LLC (0.07%), F3Logic LLC (0.06%) and Ellis Investment Partners LLC (0.04%). 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 major investors are selling FS KKR Capital stock?
FSK stock was sold by a variety of institutional investors in the last quarter, including AE Wealth Management LLC, Creative Financial Designs Inc. ADV, Camelot Portfolios LLC, Oak Asset Management LLC, Clarus Wealth Advisors, Raymond James Trust N.A., Clear Creek Financial Management LLC and Advisors Capital Management LLC. View Insider Buying and Selling for FS KKR Capital.
Which major investors are buying FS KKR Capital stock?
FSK stock was purchased by a variety of institutional investors in the last quarter, including Strategic Blueprint LLC, Assenagon Asset Management S.A., F3Logic LLC, Cooper Financial Group, Ellis Investment Partners LLC, PFG Advisors, Manchester Financial Inc. and Foresight Wealth Management LLC. 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 $6.31.
How big of a company is FS KKR Capital?
FS KKR Capital has a market capitalization of $3.21 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.
