Kayne Anderson BDC (KBDC) Expected to Announce Earnings on Monday

Kayne Anderson BDC (NYSE:KBDC) is expected to be posting its quarterly earnings results after the market closes on Monday, March 3rd. Analysts expect Kayne Anderson BDC to post earnings of $0.51 per share for the quarter.

Kayne Anderson BDC Stock Performance

NYSE KBDC opened at $17.40 on Monday. Kayne Anderson BDC has a 1 year low of $15.69 and a 1 year high of $17.99. The business’s fifty day moving average is $16.93 and its two-hundred day moving average is $16.51. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.66.

Kayne Anderson BDC Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 3rd.

Insider Buying and Selling at Kayne Anderson BDC

In other news, Director Susan C. Schnabel bought 2,500 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of $16.54 per share, with a total value of $41,350.00. Following the purchase, the director now directly owns 8,087 shares in the company, valued at $133,758.98. This trade represents a 44.75 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upped their price target on Kayne Anderson BDC from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Kayne Anderson BDC has a consensus rating of “Moderate Buy” and a consensus price target of $17.30.

Kayne Anderson BDC Company Profile

Kayne Anderson BDC Inc is a business development company which invests primarily in first lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle market companies. Kayne Anderson BDC Inc is based in CHICAGO.