Kayne Anderson BDC (KBDC) Projected to Post Quarterly Earnings on Monday

Key Points

• Kayne Anderson BDC is set to announce its quarterly earnings on August 11th, with analysts predicting earnings of $0.41 per share for the quarter.
• The company reported revenue of $55.25 million last quarter, missing expectations of $58.43 million, and had a return on equity of 11.36%.
• A recent dividend yield of 1,210.0% was announced, with a payout ratio of 88.89%, indicating strong cash flow returns to shareholders.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) is anticipated to announce its earnings results after the market closes on Monday, August 11th. Analysts expect the company to announce earnings of $0.41 per share for the quarter.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $55.25 million for the quarter, compared to analysts' expectations of $58.43 million. Kayne Anderson BDC had a return on equity of 11.36% and a net margin of 56.97%. 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 Price Performance

Shares of NYSE:KBDC traded up $0.16 during trading on Monday, hitting $15.44. 33,564 shares of the stock were exchanged, compared to its average volume of 141,500. The company has a fifty day moving average price of $15.77 and a two-hundred day moving average price of $16.21. The company has a market cap of $1.09 billion, a PE ratio of 8.58 and a beta of 0.29. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.85. Kayne Anderson BDC has a 12-month low of $13.93 and a 12-month high of $17.99.

Kayne Anderson BDC Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a yield of 1,210.0%. Kayne Anderson BDC's dividend payout ratio is presently 88.89%.

Insiders Place Their Bets

In other news, Director Albert Rabil sold 314,465 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $15.90, for a total transaction of $4,999,993.50. Following the completion of the sale, the director directly owned 151,686 shares in the company, valued at $2,411,807.40. This represents a 67.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders sold 387,485 shares of company stock valued at $6,151,830. Insiders own 3.10% of the company's stock.

Institutional Trading of Kayne Anderson BDC

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC grew its stake in shares of Kayne Anderson BDC by 341.2% in the first quarter. Acadian Asset Management LLC now owns 10,788 shares of the company's stock valued at $173,000 after buying an additional 8,343 shares in the last quarter. NewEdge Advisors LLC purchased a new position in Kayne Anderson BDC in the 1st quarter valued at about $228,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Kayne Anderson BDC by 119.7% during the first quarter. Goldman Sachs Group Inc. now owns 30,285 shares of the company's stock worth $491,000 after purchasing an additional 16,501 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KBDC. Keefe, Bruyette & Woods reduced their target price on Kayne Anderson BDC from $17.00 to $16.50 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. UBS Group upped their target price on Kayne Anderson BDC from $16.00 to $16.50 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $17.00 price target on shares of Kayne Anderson BDC in a report on Monday, May 19th. Finally, Wells Fargo & Company cut their price target on Kayne Anderson BDC from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, April 28th.

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.

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