Kayne Anderson BDC (NYSE:KBDC) Sets New 1-Year Low – Here’s Why

by · The Cerbat Gem

Kayne Anderson BDC, Inc. (NYSE:KBDC – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $15.56 and last traded at $15.75, with a volume of 414512 shares trading hands. The stock had previously closed at $16.32.

Kayne Anderson BDC Price Performance

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 business has a 50 day simple moving average of $16.94 and a 200-day simple moving average of $16.62.

Kayne Anderson BDC (NYSE:KBDC – Get Free Report) last released its quarterly earnings data on Monday, March 3rd. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.03). The firm had revenue of $56.34 million for the quarter, compared to analyst estimates of $53.01 million. Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. On average, sell-side analysts forecast that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current fiscal year.

Kayne Anderson BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 31st. This represents a $1.60 annualized dividend and a yield of 10.17%.

Institutional Investors Weigh In On Kayne Anderson BDC

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in Kayne Anderson BDC by 4,201.5% in the fourth quarter. Bank of America Corp DE now owns 989,008 shares of the company’s stock valued at $16,358,000 after buying an additional 966,016 shares during the last quarter. Requisite Capital Management LLC purchased a new stake in shares of Kayne Anderson BDC in the 4th quarter valued at approximately $5,589,000. Corient Private Wealth LLC acquired a new position in shares of Kayne Anderson BDC in the 4th quarter worth approximately $4,205,000. Sage Mountain Advisors LLC purchased a new position in shares of Kayne Anderson BDC during the 4th quarter worth approximately $3,359,000. Finally, Renaissance Technologies LLC increased its holdings in Kayne Anderson BDC by 584.4% in the 4th quarter. Renaissance Technologies LLC now owns 145,100 shares of the company’s stock valued at $2,400,000 after purchasing an additional 123,900 shares during the last quarter.

About Kayne Anderson BDC

(Get Free Report)

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.

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