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

Kayne Anderson BDC (NYSE:KBDC) released its quarterly earnings data on Monday. The company reported $0.48 EPS for the quarter, missing the consensus estimate 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%.

Kayne Anderson BDC Stock Performance

Shares of NYSE:KBDC traded down $0.34 during midday trading on Monday, reaching $17.05. 110,775 shares of the company’s stock traded hands, compared to its average volume of 107,802. 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. The company has a fifty day simple moving average of $17.00 and a two-hundred day simple moving average of $16.56.

Kayne Anderson BDC Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upped their price objective on Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an “outperform” rating in a research 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Kayne Anderson BDC currently has a consensus rating of “Moderate Buy” and an average target price of $17.30.

Insider Activity

In other news, Director Susan C. Schnabel acquired 2,500 shares of Kayne Anderson BDC stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average cost of $16.54 per share, with a total value of $41,350.00. Following the purchase, the director now 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.20% of the company’s stock.

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.