Kayne Anderson BDC (KBDC) to Release Quarterly Earnings on Monday

Kayne Anderson BDC (NYSE:KBDC) is anticipated to post its results after the market closes on Monday, March 2nd. Analysts expect Kayne Anderson BDC to post earnings of $0.41 per share and revenue of $56.4810 million for the quarter.

Kayne Anderson BDC Stock Performance

Kayne Anderson BDC stock opened at $13.47 on Friday. The firm has a market capitalization of $921.57 million, a P/E ratio of 8.92 and a beta of 0.16. The stock has a fifty day moving average price of $14.33 and a two-hundred day moving average price of $14.53. Kayne Anderson BDC has a 52-week low of $13.06 and a 52-week high of $17.40. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.46 and a quick ratio of 1.46.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada dropped their target price on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Wells Fargo & Company dropped their price objective on shares of Kayne Anderson BDC from $16.00 to $15.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Kayne Anderson BDC from $16.50 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Kayne Anderson BDC presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.50.

Institutional Trading of Kayne Anderson BDC

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its stake in shares of Kayne Anderson BDC by 16.0% in the 4th quarter. Advisory Services Network LLC now owns 10,206 shares of the company’s stock valued at $146,000 after purchasing an additional 1,407 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in Kayne Anderson BDC by 70.9% in the second quarter. Osaic Holdings Inc. now owns 10,268 shares of the company’s stock valued at $157,000 after buying an additional 4,261 shares during the period. Acadian Asset Management LLC lifted its holdings in Kayne Anderson BDC by 341.2% in the first quarter. Acadian Asset Management LLC now owns 10,788 shares of the company’s stock valued at $173,000 after buying an additional 8,343 shares during the period. Brevan Howard Capital Management LP bought a new position in Kayne Anderson BDC in the third quarter valued at approximately $156,000. Finally, Centiva Capital LP acquired a new stake in Kayne Anderson BDC during the 3rd quarter worth $172,000.

Kayne Anderson BDC Company Profile

Kayne Anderson BDC, Inc (NYSE: KBDC) is a closed-end, non-diversified management investment company structured as a business development company under the Investment Company Act of 1940. The firm focuses on providing bespoke financing solutions to U.S. middle-market companies, offering first-lien and second-lien secured loans, unitranche facilities, mezzanine debt and selected equity co-investments. KBDC targets businesses with EBITDA profiles generally ranging from $10 million to $100 million, aiming to generate attractive income and potential capital appreciation for shareholders.

The company’s portfolio spans a variety of sectors, including healthcare, technology, energy services, consumer products and industrials.