Kayne Anderson BDC (NYSE:KBDC) Sets New 12-Month Low – What’s Next?

Kayne Anderson BDC, Inc. (NYSE:KBDC) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $15.56 and last traded at $15.75, with a volume of 414512 shares changing hands. The stock had previously closed at $16.32.

Kayne Anderson BDC Price Performance

The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.36. The business’s 50 day moving average price is $16.94 and its 200 day moving average price is $16.62.

Kayne Anderson BDC (NYSE:KBDC) last posted its quarterly earnings data on Monday, March 3rd. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.03). The firm had revenue of $56.34 million for the quarter, compared to analysts’ expectations of $53.01 million. Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. As a group, equities analysts anticipate that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current fiscal year.

Kayne Anderson BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 10.17%. The ex-dividend date of this dividend is Monday, March 31st.

Institutional Investors Weigh In On Kayne Anderson BDC

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Requisite Capital Management LLC purchased a new position in shares of Kayne Anderson BDC in the fourth quarter worth about $5,589,000. Summit Trail Advisors LLC acquired a new stake in Kayne Anderson BDC in the 4th quarter valued at about $900,000. Franklin Resources Inc. lifted its stake in Kayne Anderson BDC by 21.1% in the 3rd quarter. Franklin Resources Inc. now owns 64,680 shares of the company’s stock worth $1,033,000 after purchasing an additional 11,289 shares in the last quarter. Apollon Wealth Management LLC purchased a new position in Kayne Anderson BDC in the 4th quarter worth approximately $210,000. Finally, Magnus Financial Group LLC acquired a new position in shares of Kayne Anderson BDC during the 4th quarter worth approximately $489,000.

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.