Kayne Anderson BDC (KBDC) to Release Earnings on Monday

Kayne Anderson BDC (NYSE:KBDC) is expected to post its quarterly earnings results after the market closes on Monday, March 3rd. Analysts expect Kayne Anderson BDC to post earnings of $0.51 per share for the quarter.

Kayne Anderson BDC Stock Up 0.9 %

Shares of NYSE KBDC opened at $17.39 on Friday. Kayne Anderson BDC has a 1 year low of $15.69 and a 1 year high of $17.99. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.66. The stock’s 50-day simple moving average is $17.00 and its 200-day simple moving average is $16.55.

Kayne Anderson BDC Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada boosted their price objective on Kayne Anderson BDC from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.30.

Insider Activity

In other Kayne Anderson BDC news, Director Susan C. Schnabel acquired 2,500 shares of Kayne Anderson BDC stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of $16.54 per share, for a total transaction 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. This represents a 44.75 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.20% of the company’s stock.

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.