FS KKR: I Am Buying The Q4 Drop Hand Over Fist [Seeking Alpha]
FS KKR Capital Corp. (FSK)
Last fs kkr capital corp. earnings: 2/27 04:15 pm
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Source: Seeking Alpha
An increase in the BDC's non-accrual percentage has raised fears of a dividend cut, but the current dividend is well-supported by cash flow. FS KKR's distribution coverage ratio in FY 2023 was 1.11X which reflects a low dividend risk. The BDC's shares are now priced at an exaggerated discount to NAV and trade below the 1-year average P/NAV ratio which presents a buying opportunity. FS KKR Capital ( NYSE: FSK ) has seen significant selling pressure after the BDC reported net investment income results for the December quarter that matched adjusted NII consensus expectations. However, FS KKR's earnings release, which was not bad at all, was overshadowed by an increase in the non-accrual percentage which unnecessarily caused irritations about the BDC's dividend. The current dividend is well-supported by cash flow, mostly interest income from the BDC's loan portfolio, and I don't see a dividend cut in FY 2024, unless the lending situation drastically worsens. The BDC's shares are no
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FSK
News
- FSK Announces Earnings Release and Conference Call Schedule for First Quarter 2024PR Newswire
- FS KKR Capital Corp. (NYSE: FSK) had its price target lowered by analysts at Keefe, Bruyette & Woods from $22.00 to $20.00. They now have a "market perform" rating on the stock.MarketBeat
- FS KKR Capital Corp. (NYSE: FSK) had its price target raised by analysts at JPMorgan Chase & Co. from $18.00 to $19.00. They now have a "neutral" rating on the stock.MarketBeat
- FS KKR: Rising Non-Accruals But Still Out Earning The Distribution [Seeking Alpha]Seeking Alpha
- FS KKR: High Yield And Still Dirt Cheap For This BDC Leader [Seeking Alpha]Seeking Alpha
FSK
Earnings
- 2/26/24 - Miss
FSK
Sec Filings
- 4/26/24 - Form DEF
- 4/16/24 - Form 8-K
- 4/15/24 - Form 144
- FSK's page on the SEC website