Kayne Anderson BDC (KBDC) Projected to Post Earnings on Wednesday

Kayne Anderson BDC (NYSE:KBDC) is expected to issue its quarterly earnings data before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.51 per share for the quarter.

Kayne Anderson BDC Stock Up 0.5 %

Kayne Anderson BDC stock opened at $17.22 on Tuesday. Kayne Anderson BDC has a twelve month low of $15.69 and a twelve month high of $17.35. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average of $16.81 and a two-hundred day moving average of $16.42.

Kayne Anderson BDC Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 3rd.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada boosted their target price on Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.30.

Insiders Place Their Bets

In related news, Director Susan C. Schnabel bought 2,500 shares of Kayne Anderson BDC stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average price of $16.54 per share, with a total value of $41,350.00. Following the purchase, the director now owns 8,087 shares in the company, valued at $133,758.98. This represents a 44.75 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.20% of the stock is owned by company insiders.

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.