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

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) is projected 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 issued its quarterly earnings results on Monday, March 3rd. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.03). The business had revenue of $56.34 million for the quarter, compared to the consensus estimate of $53.01 million. Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. 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 0.5 %

KBDC traded up $0.09 during trading on Wednesday, hitting $15.84. 115,707 shares of the company traded hands, compared to its average volume of 92,652. Kayne Anderson BDC has a one year low of $13.93 and a one year high of $17.99. The stock's fifty day moving average is $16.06 and its 200 day moving average is $16.53. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36.

Kayne Anderson BDC Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KBDC. Wells Fargo & Company dropped their price target on Kayne Anderson BDC from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Royal Bank of Canada cut their target price on shares of Kayne Anderson BDC from $18.00 to $17.00 and set an "outperform" rating for the company in a research report on Monday. Keefe, Bruyette & Woods lowered their price target on shares of Kayne Anderson BDC from $17.00 to $16.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group cut their price objective 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 assigned a buy rating to the stock. According to data from MarketBeat.com, Kayne Anderson BDC has an average rating of "Moderate Buy" and a consensus target price 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.