Kayne Anderson BDC (KBDC) to Release Quarterly Earnings on Monday

Kayne Anderson BDC (NYSE:KBDC) will likely be posting its quarterly earnings results after the market closes on Monday, May 12th. Analysts expect Kayne Anderson BDC to post earnings of $0.42 per share and revenue of $58.43 million for the quarter.

Kayne Anderson BDC (NYSE:KBDC) last issued its quarterly earnings results on Monday, March 3rd. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). Kayne Anderson BDC had a net margin of 59.80% and a return on equity of 12.65%. The company had revenue of $56.34 million for the quarter, compared to analyst estimates of $53.01 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 Up 1.9 %

NYSE:KBDC opened at $15.95 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. Kayne Anderson BDC has a 12 month low of $13.93 and a 12 month high of $17.99. The firm has a fifty day simple moving average of $16.15 and a 200-day simple moving average of $16.54.

Kayne Anderson BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.60 annualized dividend and a yield of 10.03%.

Analysts Set New Price Targets

KBDC has been the subject of a number of research reports. Keefe, Bruyette & Woods decreased their target price on Kayne Anderson BDC from $17.00 to $16.50 and set a “market perform” rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company dropped their price objective on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Finally, UBS Group reduced their target price on shares of Kayne Anderson BDC from $16.50 to $16.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.80.

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.