Kayne Anderson BDC (NYSE:KBDC) Posts Earnings Results, Beats Expectations By $0.02 EPS

Kayne Anderson BDC (NYSE:KBDC) issued its quarterly earnings results on Monday. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02, Zacks reports. The business had revenue of $24.86 million during the quarter, compared to the consensus estimate of $52.40 million. Kayne Anderson BDC had a return on equity of 10.23% and a net margin of 39.74%.

Kayne Anderson BDC Stock Performance

KBDC stock opened at $14.63 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $971.87 million, a price-to-earnings ratio of 11.00 and a beta of 0.28. Kayne Anderson BDC has a 1 year low of $13.06 and a 1 year high of $16.40. The stock’s fifty day moving average is $14.14 and its two-hundred day moving average is $14.43.

Kayne Anderson BDC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.60 annualized dividend and a yield of 10.9%. Kayne Anderson BDC’s dividend payout ratio (DPR) is currently 120.30%.

Analyst Ratings Changes

A number of equities analysts have commented on KBDC shares. Wells Fargo & Company decreased their price objective on shares of Kayne Anderson BDC from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Wednesday, March 4th. UBS Group increased their target price on shares of Kayne Anderson BDC from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Kayne Anderson BDC from $16.00 to $15.50 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.12.

Insider Activity at Kayne Anderson BDC

In other news, Director George E. Marucci, Jr. purchased 9,000 shares of the stock in a transaction dated Friday, March 6th. The stock was acquired at an average price of $13.74 per share, for a total transaction of $123,660.00. Following the completion of the transaction, the director owned 10,000 shares of the company’s stock, valued at approximately $137,400. The trade was a 900.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KBDC. Advisory Services Network LLC grew its holdings in Kayne Anderson BDC by 16.0% in the 4th quarter. Advisory Services Network LLC now owns 10,206 shares of the company’s stock worth $146,000 after buying an additional 1,407 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Kayne Anderson BDC by 70.9% during the second quarter. Osaic Holdings Inc. now owns 10,268 shares of the company’s stock worth $157,000 after buying an additional 4,261 shares in the last quarter. Acadian Asset Management LLC grew its position 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 worth $173,000 after buying an additional 8,343 shares during the last quarter. Brevan Howard Capital Management LP bought a new position in shares of Kayne Anderson BDC in the third quarter valued at $156,000. Finally, Centiva Capital LP bought a new position in shares of Kayne Anderson BDC in the third quarter valued at $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.