Loading…
Loading…
BDCs trade at a steep discount, but the risks the bears talk about most may not be the ones that matter. One overlooked risk, hidden in loans made years ago, is already hurting several well-known names. Some of the most popular BDCs may be more exposed than their results suggest, and the moment of truth is getting closer.
BDC valuations have dropped to levels seen only a few times in the sector's history, which creates a rare entry point for patient investors. The usual household names may not be the safe haven many assume, especially as a credit cycle looms. I highlight 2 lesser-known BDCs that come out ahead on fees, portfolio quality and leverage.
Kayne Anderson BDC, Inc. (NYSE: KBDC) (âKBDCâ), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, announ
CHICAGO--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (NYSE: KBDC) (“KBDC”), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, announced today that it will release its financial results for the third quarter ended September 30, 2026, on Thursday, November 5, 2026, after the close of financial markets. KBDC will host a conference call at 12:00 pm ET on Friday, November 6, 2026, to review its financial results. All interested parties are invited to.
Kayne Anderson BDC offers a 12%+ yield, trading at an 18.6% discount to NAV, appealing to income-focused investors. KBDC's Q2 showed resilience: 105% dividend coverage, increased investment activity, and a defensively positioned portfolio with 98% first-lien exposure. Non-accruals rose to 2.7% of the portfolio, and NAV declined, highlighting emerging credit risks amid a challenging macro environment.
Kayne Anderson BDC, Inc. (NYSE: KBDC - Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.40 per share on Friday, October 16th. This represents a $1.60 annualized dividend and a dividend yield of 12.3%. The ex-dividend date is Wednesday, September
Kayne Anderson BDC, Inc. (NYSE: KBDC - Get Free Report) Director James Robo bought 94,120 shares of Kayne Anderson BDC stock in a transaction on Wednesday, September 23rd. The shares were purchased at an average cost of $13.08 per share, with a total value of $1,231,089.60. Following the acquisition, the director directly owned 514,961 shares of
Kayne Anderson BDC, Inc. (NYSE: KBDC - Get Free Report) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 324,408 shares, a decrease of 36.3% from the July 30th total of 509,193 shares. Approximately 0.5% of the shares of the stock are sold short.