Kayne Anderson BDC (NYSE:KBDC) Releases Earnings Results, Beats Expectations By $0.07 EPS

Kayne Anderson BDC (NYSE:KBDC – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.07, Zacks reports. The firm had revenue of $58.96 million during the quarter, compared to the consensus estimate of $57.35 million. Kayne Anderson BDC had a net margin of 31.54% and a return on equity of 10.63%.

Kayne Anderson BDC Stock Down 2.6%

NYSE:KBDC traded down $0.34 during trading hours on Friday, reaching $12.40. The company had a trading volume of 925,929 shares, compared to its average volume of 356,291. The firm has a market cap of $819.23 million, a price-to-earnings ratio of 14.77 and a beta of 0.32. The business’s 50-day simple moving average is $12.88 and its two-hundred day simple moving average is $13.75. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.16. Kayne Anderson BDC has a twelve month low of $12.14 and a twelve month high of $15.87.

Kayne Anderson BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 19th. Stockholders of record on Thursday, December 31st will be paid a $0.40 dividend. The ex-dividend date is Thursday, December 31st. This represents a $1.60 annualized dividend and a dividend yield of 12.9%. Kayne Anderson BDC’s payout ratio is currently 146.79%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on KBDC shares. Zacks Research raised Kayne Anderson BDC from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 13th. UBS Group lowered their price target on Kayne Anderson BDC from $15.00 to $13.50 and set a “neutral” rating for the company in a report on Tuesday, September 1st. Finally, Royal Bank Of Canada dropped their price objective on Kayne Anderson BDC from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.50.

View Our Latest Analysis on KBDC

Insider Activity

In other Kayne Anderson BDC news, Director James Robo acquired 340,000 shares of Kayne Anderson BDC stock in a transaction dated Wednesday, September 16th. The stock was purchased at an average cost of $13.04 per share, for a total transaction of $4,433,600.00. Following the completion of the acquisition, the director directly owned 400,000 shares of the company’s stock, valued at $5,216,000. This represents a 566.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders acquired 766,716 shares of company stock valued at $10,002,000. 2.90% of the stock is owned by company insiders.

Key Kayne Anderson BDC News

Here are the key news stories impacting Kayne Anderson BDC this week:

Kayne Anderson BDC Company Profile

(Get Free Report)

Kayne Anderson BDC, Inc is a business development company that invests in privately held, middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by providing financing to businesses that may have limited access to traditional sources of capital.

Its investment activities primarily consist of loans and other debt investments, including senior secured, unitranche and subordinated debt. Kayne Anderson BDC may also make equity and equity-related investments in portfolio companies.

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Earnings History for Kayne Anderson BDC (NYSE:KBDC)

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