Kayne Anderson BDC (KBDC) to Release Earnings on Monday

Kayne Anderson BDC (NYSE:KBDC) is anticipated to release its earnings data 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 Performance

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 business’s fifty day moving average is $17.00 and its two-hundred day moving average is $16.55. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.66.

Kayne Anderson BDC Announces Dividend

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

Insider Buying and Selling at Kayne Anderson BDC

In related news, Director Susan C. Schnabel purchased 2,500 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of $16.54 per share, with a total value of $41,350.00. Following the completion of the purchase, the director now owns 8,087 shares of the company’s stock, valued at $133,758.98. The trade was a 44.75 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada boosted their target price on shares of 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 given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.30.

About Kayne Anderson BDC

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.