Kayne Anderson BDC (KBDC) to Release Earnings on Monday

Kayne Anderson BDC (NYSE:KBDC) is expected to be issuing its results after the market closes on Monday, March 2nd. Analysts expect the company to announce earnings of $0.41 per share and revenue of $56.4810 million for the quarter.

Kayne Anderson BDC Stock Performance

Shares of NYSE:KBDC opened at $13.81 on Monday. The firm has a 50 day moving average of $14.49 and a 200 day moving average of $14.57. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $944.26 million, a price-to-earnings ratio of 9.14 and a beta of 0.16. Kayne Anderson BDC has a 52 week low of $13.06 and a 52 week high of $17.64.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank Of Canada reduced their price target on Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Wells Fargo & Company cut their target price on Kayne Anderson BDC from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 12th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Kayne Anderson BDC from $16.50 to $16.00 and set an “outperform” rating for the company in a report on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.50.

Hedge Funds Weigh In On Kayne Anderson BDC

Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC boosted its stake in Kayne Anderson BDC by 16.0% in the 4th quarter. Advisory Services Network LLC now owns 10,206 shares of the company’s stock worth $146,000 after purchasing an additional 1,407 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of Kayne Anderson BDC during the third quarter worth $156,000. Osaic Holdings Inc. grew its holdings in shares of Kayne Anderson BDC by 70.9% during the second quarter. Osaic Holdings Inc. now owns 10,268 shares of the company’s stock valued at $157,000 after buying an additional 4,261 shares during the last quarter. Centiva Capital LP acquired a new position in shares of Kayne Anderson BDC in the 3rd quarter valued at $172,000. Finally, Acadian Asset Management LLC increased its position in shares of Kayne Anderson BDC by 341.2% in the 1st quarter. Acadian Asset Management LLC now owns 10,788 shares of the company’s stock valued at $173,000 after acquiring an additional 8,343 shares during the period.

About Kayne Anderson BDC

Kayne Anderson BDC, Inc (NYSE: KBDC) is a closed-end, non-diversified management investment company structured as a business development company under the Investment Company Act of 1940. The firm focuses on providing bespoke financing solutions to U.S. middle-market companies, offering first-lien and second-lien secured loans, unitranche facilities, mezzanine debt and selected equity co-investments. KBDC targets businesses with EBITDA profiles generally ranging from $10 million to $100 million, aiming to generate attractive income and potential capital appreciation for shareholders.

The company’s portfolio spans a variety of sectors, including healthcare, technology, energy services, consumer products and industrials.