Kayne Anderson BDC (NYSE:KBDC - Get Free Report) announced its earnings results on Monday. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02), Zacks reports. Kayne Anderson BDC had a net margin of 59.80% and a return on equity of 12.65%.
Kayne Anderson BDC Price Performance
NYSE KBDC traded up $0.20 during trading on Monday, hitting $16.05. The stock had a trading volume of 99,015 shares, compared to its average volume of 92,729. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a 50 day moving average price of $16.02 and a 200 day moving average price of $16.53. Kayne Anderson BDC has a twelve month low of $13.93 and a twelve month high of $17.99.
Kayne Anderson BDC Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 9.97%. The ex-dividend date of this dividend was Monday, March 31st.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on KBDC. Royal Bank of Canada decreased their target price on Kayne Anderson BDC from $18.00 to $17.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. Keefe, Bruyette & Woods decreased their price objective on Kayne Anderson BDC from $17.00 to $16.50 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. UBS Group decreased their price objective on Kayne Anderson BDC from $16.50 to $16.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, Wells Fargo & Company decreased their price objective on Kayne Anderson BDC from $17.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $16.60.
Read Our Latest Report on Kayne Anderson BDC
Kayne Anderson BDC Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Kayne Anderson BDC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kayne Anderson BDC wasn't on the list.
While Kayne Anderson BDC currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
