FS KKR Capital

FSK

Market cap $4.49B

Overview Fund Activity

16.03 USD

-0.88

5.2%

At close Updated Sep 17, 4:00 PM EDT

Pre-market

After hours

16.13

+0.10

0.62%

1 day

-5.2%

5 days

-10.15%

1 month

-7.98%

3 months

-23.59%

6 months

-24.71%

Year to date

-27.3%

1 year

-18.09%

5 years

0.82%

10 years

-60.59%

About: FS KKR Capital Corp is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company. The company's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The company's portfolio is comprised of investments in senior secured loans and second lien secured loans of private middle market U.S. companies and, to a lesser extent, subordinated loans and certain asset-based financing loans of private U.S. companies.

Financials Asset Management

0

Funds holding %

of 7,463 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

18% more repeat investments, than reductions

Existing positions increased: 197 | Existing positions reduced: 167

1.3% more ownership

Funds ownership: 27.98% [Q1] → 29.29% (+1.3%) [Q2]

5% more call options, than puts

Call options by funds: $10.4M | Put options by funds: $9.93M

2% more capital invested

Capital invested by funds: $1.64B [Q1] → $1.67B (+$33.2M) [Q2]

6% less first-time investments, than exits

New positions opened: 60 | Existing positions closed: 64

2% less funds holding

Funds holding: 529 [Q1] → 517 (-12) [Q2]

17% less funds holding in top 10

Funds holding in top 10: 12 [Q1] → 10 (-2) [Q2]

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$15

6% downside

Avg. target

$17.17

7% upside

High target

$18.5

15% upside

3 analyst ratings

0 positive

0%

2 neutral

67%

1 negative

33%

RBC Capital Kenneth Lee	$18	Sector Perform Maintained	26 Aug 2025
Keefe, Bruyette & Woods Paul Johnson	$18.5	Market Perform Maintained	12 Aug 2025
Wells Fargo Finian O'Shea	$15	Underweight Maintained	8 Aug 2025

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about FSK published over the past 30 days

24/7 Wall Street

4 Stocks That Yield 12% and Higher Are Passive Income Kings

Investors love dividend stocks, especially those with ultra-high yields, because they provide a substantial passive income stream and offer significant total return potential.

4 Stocks That Yield 12% and Higher Are Passive Income Kings

FS KKR Capital: At 81 Cents On The Dollar And 14.4% Dividend Yield Is Not A Buy

FS KKR Capital is trading at a 19% discount to NAV but faces slipping net investment income coverage of its base and supplemental dividend. FSK's net investment income covers only 97% of its base dividend, with the inclusion of a supplemental payout leading to a ramped-up erosion of NAV. Pending Fed rate cuts and rising nonaccruals, around 5.3% of the portfolio at cost, threaten the sustainability of FSK's current base dividend distribution.

FS KKR Capital: At 81 Cents On The Dollar And 14.4% Dividend Yield Is Not A Buy

FS KKR Capital: 20% NAV Discount, Re-Pricing Catalyst, High Yield

FS KKR Capital's non-accrual percentage increased sharply in Q2, leading to weaker net interest income and the BDC under-earning its dividend. Shares now trade at a 20% discount to net asset value, offering potential upside if credit performance improves. Dividend coverage has deteriorated, raising the likelihood of supplemental dividend suspension while management focuses on restoring credit quality.

FS KKR Capital: 20% NAV Discount, Re-Pricing Catalyst, High Yield

It's All Downhill For Most BDCs, Here Is My Approach

Q2 earnings confirmed my call for a market rotation in BDCs; quality bias and selectivity remain critical for outperformance. Structural headwinds—spread compression, falling base rates, and thin dividend coverage—signal elevated risk of further dividend cuts across the sector. Current sector repricing is insufficient for broad new BDC allocations; most remain unattractive except for select names with strong fundamentals.

It's All Downhill For Most BDCs, Here Is My Approach

24/7 Wall Street

One Fed Governor Wants 3 Rate Cuts – Buy 4 Ultra-High-Yield Stocks Right Now

During the July meeting of the Federal Reserve, both Christopher Waller and Michelle Bowman, both of whom were Trump appointees, voted against the central bank's decision to leave interest rates unchanged — the first time two governors have dissented on a monetary policy decision in a single meeting since 1993.

One Fed Governor Wants 3 Rate Cuts – Buy 4 Ultra-High-Yield Stocks Right Now

FS KKR Capital: The Cracks Are Becoming Too Large To Ignore (Rating Downgrade)

I am downgrading FSK to sell due to persistent NAV declines, rising non-accruals, and weakening dividend coverage. FSK's net investment income no longer fully supports its high 15.6% yield, forcing reliance on spillover income to fund distributions. Portfolio stress is evident from increased non-accruals and shrinking new investment activity, exacerbated by the prolonged high interest rate environment.

FS KKR Capital: The Cracks Are Becoming Too Large To Ignore (Rating Downgrade)

FS KKR: Large Realized And Unrealized Losses, Downgrading To Hold

I am downgrading FS KKR Capital to neutral due to deteriorating NAV, NII, and rising non-accruals, which now threaten the sustainability of its dividend. Q2 saw significant realized and unrealized losses, with four portfolio companies added to non-accrual status, sharply impacting financial metrics and investor confidence. Despite these setbacks, FSK remains diversified, well-capitalized, and trades at a steep discount to NAV, offering potential value if trends reverse.

FS KKR: Large Realized And Unrealized Losses, Downgrading To Hold

Dividend Cut Alert: 2 BDCs With Unsustainable Yields

BDC sector faces significant risks: high valuations, spread tightening, and thin dividend coverage leave little margin of safety. Lower base rates will likely be soon here, creating further headwinds for BDCs and pressuring net investment income and dividends. I recommend avoiding speculative BDCs, focusing on high-quality names with robust portfolios and strong dividend coverage at a discount.

Dividend Cut Alert: 2 BDCs With Unsustainable Yields

FS KKR Capital Corp (FSK) Q2 2025 Earnings Conference Call Transcript

FS KKR Capital Corp (NYSE:FSK ) Q2 2025 Earnings Call August 7, 2025 9:00 AM ET Company Participants Anna Kleinhenn - Corporate Participant Daniel Ryan Pietrzak - Co-President, Chief Investment Officer & Director Michael Craig Forman - Chairman & CEO Steven C. Lilly - Chief Financial Officer Conference Call Participants Arren Saul Cyganovich - Truist Securities, Inc., Research Division Casey Jay Alexander - Compass Point Research & Trading, LLC, Research Division Finian Patrick O'Shea - Wells Fargo Securities, LLC, Research Division Melissa Wedel - JPMorgan Chase & Co, Research Division Paul Conrad Johnson - Keefe, Bruyette, & Woods, Inc., Research Division Robert James Dodd - Raymond James & Associates, Inc., Research Division Sean-Paul Aaron Adams - B.

FS KKR Capital Corp (FSK) Q2 2025 Earnings Conference Call Transcript

Zacks Investment Research

FS KKR Capital (FSK) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for FS KKR Capital (FSK) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

FS KKR Capital (FSK) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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