Kayne Anderson BDC (NYSE:KBDC) Posts Earnings Results, Beats Expectations By $0.03 EPS

Kayne Anderson BDC (NYSE:KBDC) posted its quarterly earnings results on Monday. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03, Zacks reports. Kayne Anderson BDC had a net margin of 52.99% and a return on equity of 10.90%.

Kayne Anderson BDC Stock Performance

Kayne Anderson BDC stock traded up $0.11 during trading hours on Monday, hitting $14.33. The stock had a trading volume of 255,131 shares, compared to its average volume of 196,491. The company has a 50-day moving average of $14.21 and a two-hundred day moving average of $15.18. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.90. Kayne Anderson BDC has a fifty-two week low of $13.06 and a fifty-two week high of $17.99. The company has a market cap of $1.01 billion, a PE ratio of 8.48 and a beta of 0.17.

Wall Street Analysts Forecast Growth

KBDC has been the subject of a number of research reports. UBS Group decreased their target price on shares of Kayne Anderson BDC from $16.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods upgraded Kayne Anderson BDC from a “market perform” rating to an “outperform” rating and set a $16.50 price target on the stock in a report on Monday, October 6th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.13.

Institutional Trading of Kayne Anderson BDC

A number of institutional investors and hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. lifted its position in Kayne Anderson BDC by 70.9% in the second quarter. Osaic Holdings Inc. now owns 10,268 shares of the company’s stock worth $157,000 after purchasing an additional 4,261 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Kayne Anderson BDC by 341.2% during the 1st quarter. Acadian Asset Management LLC now owns 10,788 shares of the company’s stock worth $173,000 after acquiring an additional 8,343 shares during the period. NewEdge Advisors LLC bought a new position in shares of Kayne Anderson BDC during the 1st quarter worth about $228,000. BNP Paribas Financial Markets acquired a new stake in shares of Kayne Anderson BDC during the 2nd quarter valued at about $230,000. Finally, Global View Capital Management LLC increased its stake in Kayne Anderson BDC by 50.0% in the second quarter. Global View Capital Management LLC now owns 15,468 shares of the company’s stock valued at $236,000 after acquiring an additional 5,156 shares during the period.

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.