Kayne Anderson BDC (KBDC) Expected to Announce Quarterly Earnings on Monday

Kayne Anderson BDC (NYSE:KBDC) is projected to announce 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 Trading Down 2.7%

KBDC opened at $13.47 on Friday. Kayne Anderson BDC has a 52 week low of $13.06 and a 52 week high of $17.40. 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 business has a fifty day simple moving average of $14.33 and a 200-day simple moving average of $14.52. The firm has a market cap of $921.62 million, a P/E ratio of 8.92 and a beta of 0.16.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in shares of Kayne Anderson BDC in the 4th quarter worth about $336,000. XTX Topco Ltd purchased a new position in Kayne Anderson BDC during the 4th quarter valued at about $1,290,000. VARCOV Co. acquired a new position in Kayne Anderson BDC during the fourth quarter worth about $259,000. Quadrature Capital Ltd lifted its holdings in shares of Kayne Anderson BDC by 41.1% in the fourth quarter. Quadrature Capital Ltd now owns 31,976 shares of the company’s stock valued at $458,000 after purchasing an additional 9,317 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Kayne Anderson BDC by 206.3% in the fourth quarter. Millennium Management LLC now owns 254,429 shares of the company’s stock valued at $3,643,000 after purchasing an additional 171,354 shares in the last quarter.

Analyst Upgrades and Downgrades

KBDC has been the topic of a number of recent analyst reports. Royal Bank Of Canada dropped their price objective on Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Keefe, Bruyette & Woods lowered their price target on shares of Kayne Anderson BDC from $16.50 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, November 13th. Finally, Wells Fargo & Company reduced their price objective on shares of 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 equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.50.

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.