Kayne Anderson BDC (NYSE:KBDC) Issues Quarterly Earnings Results

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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%. The company had revenue of $55.25 million during the quarter, compared to the consensus estimate of $58.43 million.

Kayne Anderson BDC Stock Performance

Shares of NYSE:KBDC traded up $0.25 during trading on Friday, reaching $16.36. 132,893 shares of the stock were exchanged, compared to its average volume of 93,347. Kayne Anderson BDC has a 12 month low of $13.93 and a 12 month high of $17.99. The firm has a market cap of $1.17 billion and a PE ratio of 9.09. The stock has a 50-day moving average price of $16.00 and a 200-day moving average price of $16.52. 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 disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.78%. The ex-dividend date is Monday, June 30th. Kayne Anderson BDC's dividend payout ratio is presently 88.89%.

Institutional Investors Weigh In On Kayne Anderson BDC

A hedge fund recently bought a new stake in Kayne Anderson BDC stock. NewEdge Advisors LLC acquired a new position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,044 shares of the company's stock, valued at approximately $228,000.

Analyst Upgrades and Downgrades

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