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

Kayne Anderson BDC (NYSE:KBDC) is expected to be issuing 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 %

NYSE:KBDC opened at $17.33 on Wednesday. Kayne Anderson BDC has a 12 month low of $15.69 and a 12 month high of $17.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a fifty day simple moving average of $16.78 and a two-hundred day simple moving average of $16.39.

Kayne Anderson BDC Dividend Announcement

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

Insider Buying and Selling

In related news, Director Susan C. Schnabel acquired 2,500 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were acquired at an average cost of $16.54 per share, for a total transaction of $41,350.00. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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