Kayne Anderson BDC (NYSE:KBDC) Releases Earnings Results, Misses Expectations By $0.03 EPS

Kayne Anderson BDC (NYSE:KBDC) announced its earnings results on Monday. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03), Zacks reports. Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. The firm had revenue of $56.34 million for the quarter, compared to the consensus estimate of $53.01 million.

Kayne Anderson BDC Stock Performance

NYSE:KBDC opened at $17.05 on Tuesday. Kayne Anderson BDC has a 52 week low of $15.69 and a 52 week high of $17.99. The firm has a 50-day moving average price of $17.01 and a two-hundred day moving average price of $16.57. 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 dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be paid a $0.10 dividend. The ex-dividend date is Monday, March 3rd.

Insider Activity at Kayne Anderson BDC

In related news, Director Susan C. Schnabel acquired 2,500 shares of the stock in a transaction on Wednesday, December 18th. The shares were acquired at an average price of $16.54 per share, with a total value of $41,350.00. Following the completion of the transaction, the director now owns 8,087 shares in the company, valued at approximately $133,758.98. The trade was a 44.75 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 3.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised their price objective on shares of 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 equities research 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. According to MarketBeat.com, Kayne Anderson BDC presently has an average rating of “Moderate Buy” and a consensus target price of $17.30.

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.