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FSFSK

FS KKR Capital Corp.

$FSK·$3.0B·Asset Management·Financial Services
$11.09+4.9%YTD-28.8%1Y-44.8%
Mentions · last 7 days
2026-07-25: 12 posts2026-07-26: 12 posts2026-07-27: 14 posts2026-07-28: 10 posts2026-07-29: 15 posts2026-07-30: 22 posts2026-07-31: 25 posts112
Price updated 5m ago·X counts updated 4d ago
FSFSK
$FSKFS KKR Capital Corp.
$11.09+4.92%112 posts
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Today's AI verdict on what's driving $FSK, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Proven numbersEvent coming upAI verdict · as of 2026-08-04

A known event soon (earnings, a ruling, etc.) will likely decide the next move.

FS KKR Capital reports Q2 in two days with Blue Owl's BDC already having cut its dividend — the specific yield-focused BDC has to prove distributable capacity holds.

FS KKR Capital Corp is a business development company (BDC) managed jointly by FS Investments and KKR Credit — providing middle-market lending and equity investments to private companies. The Q2 print in two days lands into a specific sector context where dividend-sustainability is now the load-bearing question.

Where the pieces stand:

  • The Q2 print scheduled for August 6 is the specific catalyst: earnings expected to grow according to sell-side, but the specific number that matters is the distributable income relative to the current dividend.
  • The Blue Owl BDC (OBDC) precedent is the specific sector context: Blue Owl already cutting its base dividend to $0.31 signals the broader BDC sector is under pressure from rising non-accruals and net-interest-margin compression. FSK is not immune to the same dynamics.
  • The last EPS print was $0.41 vs $0.44 estimated — a 6.8% miss, which is the specific tell that distributable income has been softening.
  • The rare-buying-opportunity dividend-machine framing (from bullish sell-side) captures the specific yield-focused bull thesis: at the current price, FSK yields high enough that even a modest dividend cut leaves the total-return math attractive. Whether the market accepts that framing depends on the Q2 print.
  • The X sample is empty — no meaningful retail-attention signal, consistent with a specialty income-focused BDC that trades on quarterly fundamentals rather than narrative.
  • BDCs sit at the intersection of specific credit-quality metrics (non-accruals), specific NII trajectory, and specific dividend-coverage math — the print has to address all three.

The forward setup: the August 6 Q2 print. Distributable income exceeding the current dividend plus stable non-accruals plus maintained dividend commitment is what breaks the tape higher; another EPS miss combined with any credit-quality deterioration or dividend-guidance change is what confirms the sector-cut precedent applies to FSK.

What to watch: The August 6 Q2 print — distributable income vs dividend, non-accrual stability, and dividend-guidance change. Distributable income exceeding dividend with stable non-accruals extends the tape; EPS miss with credit deterioration or dividend guidance change confirms the sector-cut precedent.

On the calendar: 2026-08-06 — Q2 earnings

bdc dividend sustainabilitysector cut precedent

Read the AI verdict + X sentiment for $FSK

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What it does

Plain-English summary of the business — what they sell and how they make money.

BDC co-managed by KKR lending senior secured debt to US private middle-market companies.

Industry overviewAI analysisGenerated by AI from underlying data

Where Asset Management sits in its cycle right now — and what that implies for $FSK.

Asset Management · Financial Services

No material change from last week — AI infrastructure (data centers, power, logistics) and Bitcoin treasury strategies, both of which require patient institutional capital that private market..

What this means for $FSK

Partial — BDC co-managed by KKR lending senior secured debt to US private middle-market companies; partial earnings exposure to asset management demand dynamics through its product portfolio.

Top industry ETF

$IAIiShares U.S. Broker-Dealers & Securities Exchanges ETF
+3.8%YTD
+7.1%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-5.2How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-2.5%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-53.9%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
14.2%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
4.8Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-9.4%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
33.6%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
1.4Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q1 2026May 11, 2026$0.41$0.44-6.8%
Q4 2025Feb 25, 2026$0.52$0.55-5.5%
Q3 2025Nov 5, 2025$0.57$0.570.0%
Q2 2025Aug 6, 2025$-0.60$0.63-195.2%
Next earningsThu, Aug 6·consensus EPS $0.42

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$105.0M-56.6%27.6%-329%$-1.57$-10.0M
Q4 FY25$209.0M-29.2%61.2%1.0%$-0.41$195.0M
Q3 FY25$344.0M+19.4%66.3%63.4%$0.76$366.0M
Q2 FY25$-59.0M-125.7%312%336%$-0.75$-142.0M

Forward consensus

3-year forecast · up to 8 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$1.1B$1.1B – $1.2B$1.65$1.57 – $1.738
FY27$1.1B$1.0B – $1.2B$1.55$1.38 – $1.698
FY28$983.9M$948.8M – $1.0B$1.34$1.31 – $1.372

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.5×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.12%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.+3.7%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-11.3%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 264.6M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today1.5% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β0.905-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

BuyFeb 27James H KroppDirector1.7K sh$19KBuyFeb 27Daniel PietrzakPresident5.0K sh$56K

See when $FSK insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
Free, forever. No credit card.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KPress release / Reg FDJul 98-K — Item 7.01: Press release / Reg FD
AI summary

FS KKR Capital Corp announced under Regulation FD that its second quarter 2026 earnings conference call is scheduled for August 6, 2026. The notice discloses the date and access details for analysts and investors to participate in or listen to the earnings call. This is a routine forward-looking event notice with no financial or operational content. Investors should expect formal Q2 results, including net asset value per share and portfolio metrics, to be released in conjunction with the call.

8-KMaterial agreementJun 298-K — Item 1.01: Material agreement · Item 3.03 · Item 5.03: Charter amendment · Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

FS KKR Capital Corp filed a complex multi-item 8-K covering a material definitive agreement (1.01), debt creation (2.03), preferred securities issuance (3.02), and bylaw amendment (5.03). This business development company (BDC) appears to be conducting a significant capital markets transaction and governance update simultaneously. No specific dollar amounts are visible in the available excerpt, but the multi-item structure signals a substantial financing event.

SC 13DActivist position (5%+)Jun 23SC 13D
AI summary

Schedule 13D filed by KKR Alternative Assets L.P. reporting beneficial ownership of SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 FS KKR Capital Corp. representing a 8% stake (8 shares), with investment intent. This SC 13D filing dated 2026-06-23 updates the holder's position and disclosed intentions.

8-KShareholder voteJun 188-K — Item 5.07: Shareholder vote
AI summary

FS KKR Capital Corp. held its 2026 Annual Meeting on June 18, 2026, with 134.3M of 280.1M eligible shares voted. Stockholders considered three proposals: election of four Class A directors (Michael Hagan, Jeffrey Harrow, James Kropp, Elizabeth Sandler) for three-year terms through 2029; authorization to sell shares below NAV in future offerings; and authorization to issue warrants/options/rights under 1940 Act Section 61(a)(4). All director nominees were elected by stockholders. Routine annual meeting governance with the notable inclusion of a below-NAV share issuance proposal, which has dilution implications if approved.

8-KMaterial agreementJun 88-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation · Item 7.01: Press release / Reg FD
AI summary

FS KKR Capital Corp. entered into the Sixteenth Supplemental Indenture on June 8, 2026 governing $900 million aggregate principal amount of 7.500% Notes due August 1, 2031, paying interest semi-annually on February 1 and August 1 beginning February 1, 2027. The Notes are senior unsecured obligations ranking pari passu with existing unsecured debt and require compliance with BDC asset coverage requirements under the 1940 Act. A Reg FD item (7.01) accompanies, likely covering an investor presentation tied to the offering. This indenture completes the $900M senior note raise alongside the June 1 underwriting agreement, adding significant fixed-rate leverage for the BDC at a 7.5% coupon.

8-KMaterial agreementJun 38-K — Item 1.01: Material agreement
AI summary

FS KKR Capital Corp. subsidiary CCT Tokyo Funding LLC entered into the Ninth Amendment to its Loan and Servicing Agreement with Sumitomo Mitsui Banking Corporation (as administrative agent and lender) on June 1, 2026, extending the facility's maturity date from June 2, 2026 to September 30, 2026. No other material changes to the facility are described in the excerpt. Routine short-term maturity extension for a subsidiary credit facility — prevents contractual lapse while longer-term refinancing or restructuring is arranged.

8-KMaterial agreementJun 28-K — Item 1.01: Material agreement
AI summary

FS KKR Capital Corp. signed an underwriting agreement on June 1, 2026 with BofA Securities, BMO Capital Markets, J.P. Morgan Securities, KKR Capital Markets, RBC Capital Markets, and SMBC Nikko Securities America for the issuance and sale of $900 million aggregate principal amount of 7.500% Notes due 2031. This is the underwriting step preceding the Sixteenth Supplemental Indenture (filed June 8; see Job 28), both constituting the same $900M senior note offering. The $900M raise at a 7.5% coupon adds significant fixed-cost leverage for the BDC.

8-KPress release / Reg FDJun 28-K — Item 7.01: Press release / Reg FD
+ 44 other (12 proxys · 8 8-Ks · 5 SC 14D9/As · 5 SC TO-T/As) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Blue Owl's BDC Already Cut Its Base Dividend to $0.31. Here's What to Watch as the Rest Report.fool.com·2d agoFS KKR Capital (FSK) Earnings Expected to Grow: Should You Buy?zacks.com·5d agoRare Buying Opportunity: Deeply Undervalued Quality Dividend Machinesseekingalpha.com·7d agoFS KKR Capital: 5 Reasons I'm Staying Awayseekingalpha.com·22d agoFSK Announces Earnings Release and Conference Call Schedule for Second Quarter 2026prnewswire.com·26d ago

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