Kayne Anderson BDC (NYSE:KBDC) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

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

Kayne Anderson BDC Stock Performance

Shares of KBDC opened at $16.42 on Wednesday. Kayne Anderson BDC has a one year low of $15.69 and a one year high of $17.99. The business has a fifty day moving average of $17.01 and a 200 day moving average of $16.57. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.66.

Kayne Anderson BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.60 dividend on an annualized basis and a yield of 9.74%.

Insider Transactions at Kayne Anderson BDC

In related news, Director Susan C. Schnabel bought 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average cost of $16.54 per share, with a total value of $41,350.00. Following the acquisition, 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 accessible through the SEC website. Company insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

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

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.