Kayne Anderson BDC (NYSE:KBDC) Issues Quarterly Earnings Results

Kayne Anderson BDC (NYSE:KBDC) issued its earnings results on Monday. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03), Zacks reports. Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. The business had revenue of $56.34 million during the quarter, compared to analysts’ expectations of $53.01 million.

Kayne Anderson BDC Trading Down 1.9 %

Shares of Kayne Anderson BDC stock opened at $17.05 on Tuesday. The firm’s 50-day moving average is $17.01 and its 200 day moving average is $16.57. Kayne Anderson BDC has a 1 year low of $15.69 and a 1 year high of $17.99. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66.

Kayne Anderson BDC Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 3rd.

Analysts Set New Price Targets

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

Insider Activity at Kayne Anderson BDC

In related news, Director Susan C. Schnabel purchased 2,500 shares of Kayne Anderson BDC stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average cost of $16.54 per share, for a total transaction of $41,350.00. Following the completion of the purchase, the director now directly owns 8,087 shares of the company’s stock, valued at $133,758.98. The trade was a 44.75 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.20% of the stock is owned by insiders.

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.