Kayne Anderson BDC (NYSE:KBDC – Get Free Report) is expected to announce its results after the market closes on Monday, May 11th. Analysts expect the company to announce earnings of $0.41 per share and revenue of $52.40 million for the quarter.
Kayne Anderson BDC (NYSE:KBDC – Get Free Report) last announced its quarterly earnings results on Monday, March 2nd. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Kayne Anderson BDC had a net margin of 39.74% and a return on equity of 10.23%. The firm had revenue of $33.44 million during the quarter, compared to analyst estimates of $56.48 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
Shares of KBDC stock traded up $0.00 during trading hours on Monday, reaching $15.09. The company had a trading volume of 58,293 shares, compared to its average volume of 346,493. The business has a fifty day moving average price of $14.02 and a 200-day moving average price of $14.39. Kayne Anderson BDC has a one year low of $13.06 and a one year high of $16.40. The firm has a market cap of $1.00 billion, a PE ratio of 11.35 and a beta of 0.28. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.26 and a current ratio of 1.26.
Kayne Anderson BDC Dividend Announcement
Insider Activity
In other Kayne Anderson BDC news, Director George E. Marucci, Jr. acquired 9,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of $13.74 per share, with a total value of $123,660.00. Following the completion of the acquisition, the director owned 10,000 shares in the company, valued at $137,400. This represents a 900.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.90% of the company’s stock.
Hedge Funds Weigh In On Kayne Anderson BDC
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in shares of Kayne Anderson BDC in the fourth quarter worth approximately $336,000. XTX Topco Ltd purchased a new position in Kayne Anderson BDC during the fourth quarter valued at approximately $1,290,000. VARCOV Co. purchased a new position in Kayne Anderson BDC during the fourth quarter valued at approximately $259,000. Quadrature Capital Ltd lifted its holdings in Kayne Anderson BDC by 41.1% during the fourth quarter. Quadrature Capital Ltd now owns 31,976 shares of the company’s stock valued at $458,000 after purchasing an additional 9,317 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Kayne Anderson BDC by 206.3% during the fourth quarter. Millennium Management LLC now owns 254,429 shares of the company’s stock valued at $3,643,000 after purchasing an additional 171,354 shares in the last quarter.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on KBDC shares. UBS Group lifted their price target on shares of Kayne Anderson BDC from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Wells Fargo & Company reduced their price target on shares of Kayne Anderson BDC from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Wednesday, March 4th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Kayne Anderson BDC from $16.00 to $15.50 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $15.13.
Check Out Our Latest Report on KBDC
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.
Further Reading
Receive News & Ratings for Kayne Anderson BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kayne Anderson BDC and related companies with MarketBeat.com's FREE daily email newsletter.
