Kayne Anderson BDC (KBDC) to Release 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 expected 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 posted its earnings results on Monday, May 12th. The company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). The business had revenue of $55.25 million for the quarter, compared to analyst estimates 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 Stock Performance

Shares of KBDC traded up $0.02 during trading hours on Friday, hitting $15.25. The company had a trading volume of 29,659 shares, compared to its average volume of 140,537. The business has a fifty day moving average of $15.74 and a 200-day moving average of $16.18. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.85. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 8.45 and a beta of 0.29. 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 company also recently disclosed a dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were issued a $0.10 dividend. This represents a yield of 1,210.0%. The ex-dividend date of this dividend was Monday, June 9th. Kayne Anderson BDC's dividend payout ratio is currently 88.89%.

Insiders Place Their Bets

In other news, Director Albert Rabil sold 43,020 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $15.84, for a total value of $681,436.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 387,485 shares of company stock valued at $6,151,830 over the last ninety days. Insiders own 3.10% of the company's stock.

Institutional Investors Weigh In On Kayne Anderson BDC

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KBDC. Wells Fargo & Company lowered their price objective on Kayne Anderson BDC from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Royal Bank Of Canada reissued an "outperform" rating and issued a $17.00 price objective on shares of Kayne Anderson BDC in a research note on Monday, May 19th. Finally, UBS Group lifted their target price on Kayne Anderson BDC from $16.00 to $16.50 and gave the stock a "neutral" rating in a report on Wednesday, July 16th.

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.