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

Kayne Anderson BDC (NYSE:KBDC) will likely be posting its results after the market closes on Monday, November 10th. Analysts expect Kayne Anderson BDC to post earnings of $0.40 per share for the quarter.

Kayne Anderson BDC (NYSE:KBDC) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). Kayne Anderson BDC had a return on equity of 10.90% and a net margin of 52.99%.The firm had revenue of $57.30 million for the quarter, compared to analysts’ expectations of $49.37 million. On average, analysts expect Kayne Anderson BDC to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kayne Anderson BDC Stock Performance

NYSE KBDC opened at $14.36 on Monday. The business has a 50 day moving average price of $14.29 and a 200 day moving average price of $15.23. The company has a market capitalization of $1.01 billion, a P/E ratio of 8.50 and a beta of 0.17. Kayne Anderson BDC has a 1-year low of $13.06 and a 1-year high of $17.99. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.45 and a quick ratio of 1.45.

Kayne Anderson BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th were given a $0.40 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.1%. Kayne Anderson BDC’s dividend payout ratio (DPR) is currently 94.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods upgraded shares of Kayne Anderson BDC from a “market perform” rating to an “outperform” rating and set a $16.50 price objective on the stock in a research report on Monday, October 6th. UBS Group cut their price objective on shares of Kayne Anderson BDC from $16.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.13.

Hedge Funds Weigh In On Kayne Anderson BDC

Institutional investors and hedge funds have recently bought and sold shares of the stock. Global View Capital Management LLC boosted its holdings in shares of Kayne Anderson BDC by 50.0% in the 2nd quarter. Global View Capital Management LLC now owns 15,468 shares of the company’s stock valued at $236,000 after purchasing an additional 5,156 shares during the last quarter. Zuckerman Investment Group LLC raised its position in shares of Kayne Anderson BDC by 50.0% in the 2nd quarter. Zuckerman Investment Group LLC now owns 30,000 shares of the company’s stock worth $458,000 after buying an additional 10,000 shares during the period. BNP Paribas Financial Markets acquired a new position in Kayne Anderson BDC in the second quarter valued at $230,000. Bank of America Corp DE boosted its holdings in Kayne Anderson BDC by 180.1% in the second quarter. Bank of America Corp DE now owns 4,596,731 shares of the company’s stock valued at $70,146,000 after acquiring an additional 2,955,661 shares during the last quarter. Finally, Koch Inc. purchased a new stake in Kayne Anderson BDC during the second quarter valued at about $185,887,000.

About Kayne Anderson BDC

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.