Kayne Anderson BDC (KBDC) to Release Earnings on Monday

Kayne Anderson BDC (NYSE:KBDC) will likely 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 Price Performance

Shares of NYSE KBDC opened at $13.81 on Monday. Kayne Anderson BDC has a 52 week low of $13.06 and a 52 week high of $17.64. 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 firm has a market cap of $944.26 million, a P/E ratio of 9.14 and a beta of 0.16. The business’s 50 day moving average price is $14.49 and its 200 day moving average price is $14.57.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Kayne Anderson BDC

Hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC acquired a new stake in shares of Kayne Anderson BDC in the first quarter valued at about $228,000. Goldman Sachs Group Inc. grew its position in Kayne Anderson BDC by 119.7% in the first quarter. Goldman Sachs Group Inc. now owns 30,285 shares of the company’s stock worth $491,000 after acquiring an additional 16,501 shares during the period. Acadian Asset Management LLC increased its position in shares of Kayne Anderson BDC by 341.2% during the 1st quarter. Acadian Asset Management LLC now owns 10,788 shares of the company’s stock worth $173,000 after purchasing an additional 8,343 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Kayne Anderson BDC by 294.3% during the second quarter. JPMorgan Chase & Co. now owns 19,301 shares of the company’s stock valued at $295,000 after acquiring an additional 14,406 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Kayne Anderson BDC by 15.1% in the 2nd quarter. Invesco Ltd. now owns 45,063 shares of the company’s stock valued at $688,000 after acquiring an additional 5,916 shares during the period.

Kayne Anderson BDC Company Profile

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.