Kayne Anderson BDC (KBDC) to Release Earnings on Monday

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) is expected to release its earnings data 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 - Get Free Report) last released its 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). The company had revenue of $56.34 million for the quarter, compared to analyst estimates of $53.01 million. Kayne Anderson BDC had a net margin of 59.80% and a return on equity of 12.65%. 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

NYSE:KBDC traded up $0.19 during trading hours on Friday, reaching $15.84. The company had a trading volume of 97,925 shares, compared to its average volume of 92,703. The business's 50-day simple moving average is $16.02 and its two-hundred day simple moving average is $16.52. Kayne Anderson BDC has a twelve month low of $13.93 and a twelve month high of $17.99. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.60 annualized dividend and a dividend yield of 10.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KBDC shares. UBS Group reduced their price objective on Kayne Anderson BDC from $16.50 to $16.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company decreased their price target on shares of 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 dropped their price objective on shares of Kayne Anderson BDC from $18.00 to $17.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Kayne Anderson BDC from $17.00 to $16.50 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $16.60.

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.