Jim Cramer Discussed The Iran Ceasefire & Commented On These 19 Stocks

15. FS KKR Capital Corp. (NYSE:FSK)

Number of Hedge Fund Holders: 27

FS KKR Capital Corp. (NYSE:FSK) is a business development company that provides credit solutions. Its shares are down by 29% year to date and by 42% over the past year. Truist discussed FS KKR Capital Corp. (NYSE:FSK)’s stock on March 4th. It reduced the share price target to $11 from $17 and kept a Hold rating on the shares. Earlier, on the 3rd, B. Riley had cut the share price target to $11 from $17.50 and kept a Neutral rating and remarked that FS KKR Capital Corp. (NYSE:FSK) continued to suffer from portfolio headwinds. The business development company had reported its fourth quarter earnings on February 25th. The results saw FS KKR Capital Corp. (NYSE:FSK) post $0.52 in net investment income to miss analyst estimates of $0.54. The shares closed 15% lower on February 26th. As part of its earnings release, FS KKR Capital Corp. (NYSE:FSK) also announced that it would reduce its dividend by a stinging 31%. Cramer discussed the firm as he commented on asset manager Blue Owl and commented on the firm’s net asset value:

“And I was looking at the FSK, FSK KKR Capital Corporation, there you have a, you’ve got benchmarks, probably back, FSK, net asset value in February 25th was 20 dollars and 89 cents. And now it’s 10 dollars and 11 cents. Now that’s a free market, that’s not gated.”