FS KKR: Q4, Huge Discount To NAV Justified But This BDC Remains A Great Income Play (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
Despite these challenges, the BDC's dividend is safe and covered by NII, and its balance sheet remains in good shape with ample liquidity. The BDC is currently undervalued, making it an attractive income play for investors in search of higher yields. FSK's poor performance in Q4 also caused their NAV price to decline quarter-over-quarter, which also played a part in the sell-off. At the current valuation, the P/NAV ratio sits below their 3-year average, making the stock attractive for income-focused investors. Introduction Many may be wondering how well BDCs will fare in 2024, with rates still expected to decline. I am a big believer in the sector and think they are more than just high interest rate environment investments. With the banking crisis roughly a year ago causing tighter lending standards, I think this will benefit the sector for the long term. And even though many BDCs have rewarded shareholders these past two years with extra income because of their predomina
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FSK
News
- FSK Completes Public Offering of $600 million 6.875% Unsecured Notes Due 2029PR Newswire
- FSK Prices Public Offering of $600 million 6.875% Unsecured Notes Due 2029 [Yahoo! Finance]Yahoo! Finance
- FSK Prices Public Offering of $600 million 6.875% Unsecured Notes Due 2029PR Newswire
- KBRA Assigns Ratings to FS KKR Capital Corp.'s $600 Million Senior Unsecured Notes Due 2029 [Yahoo! Finance]Yahoo! Finance
- FS KKR Capital Corp. (NYSE: FSK) was upgraded by analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating. They now have a $21.00 price target on the stock, up previously from $19.00.MarketBeat
FSK
Earnings
- 5/8/24 - Beat
FSK
Sec Filings
- 6/21/24 - Form 8-K
- 6/11/24 - Form 4
- 6/6/24 - Form 8-K
- FSK's page on the SEC website