FS KKR Capital: Escalation Of Uncertainty (Rating Downgrade) [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
The BDC's dividend safety deteriorates, with the pay-out ratio crossing above 100%, potentially leading to a cut in special dividend payments. The company's credit quality trend and dividend potential in 2024 raise uncertainty, leading to a higher discount to NAV. FS KKR Capital Corp ( NYSE: FSK reported a concerning increase in its non-accrual ratio for the fourth quarter. The BDC's stock price dropped 8% after quarterly earnings were released on Monday, and I think that the increase in non-accrual is too substantial to ignore. Hence, I feel compelled to lower my stock classification from Buy to Hold. Though FS KKR Capital out-earned its regular dividend with net investment income, the margin of dividend safety deteriorated. With the pay-out ratio including the special dividend crossing above 100%, the BDC might want to cut back on special dividend payments this year. I also anticipate for the stock to sell for a higher discount to NAV for longer as the earnings report esc
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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