Kayne Anderson BDC (NYSE:KBDC) & AlphaTime Acquisition (NASDAQ:ATMC) Critical Review

AlphaTime Acquisition (NASDAQ:ATMC) and Kayne Anderson BDC (NYSE:KBDC) are both small-cap unclassified companies, but which is the superior business? We will contrast the two businesses based on the strength of their earnings, profitability, institutional ownership, valuation, dividends, analyst recommendations and risk.

Profitability

This table compares AlphaTime Acquisition and Kayne Anderson BDC’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
AlphaTime Acquisition	N/A	N/A	N/A
Kayne Anderson BDC	59.80%	12.65%	6.77%

Analyst Recommendations

This is a breakdown of recent ratings for AlphaTime Acquisition and Kayne Anderson BDC, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
AlphaTime Acquisition	0	0	0	0	0.00
Kayne Anderson BDC	0	2	2	1	2.80

Kayne Anderson BDC has a consensus target price of $17.30, indicating a potential upside of 3.01%. Given Kayne Anderson BDC’s stronger consensus rating and higher probable upside, analysts plainly believe Kayne Anderson BDC is more favorable than AlphaTime Acquisition.

Institutional and Insider Ownership

82.2% of AlphaTime Acquisition shares are owned by institutional investors. 29.4% of AlphaTime Acquisition shares are owned by insiders. Comparatively, 3.2% of Kayne Anderson BDC shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Valuation & Earnings

This table compares AlphaTime Acquisition and Kayne Anderson BDC”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
AlphaTime Acquisition	N/A	N/A	N/A	N/A	N/A
Kayne Anderson BDC	$122.29 million	9.76	$77.07 million	N/A	N/A

Kayne Anderson BDC has higher revenue and earnings than AlphaTime Acquisition.

Summary

Kayne Anderson BDC beats AlphaTime Acquisition on 8 of the 10 factors compared between the two stocks.

About AlphaTime Acquisition

AlphaTime Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.

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.