We are live on ! Find out more

KBDC

Kayne Anderson BDC

KBDC

Market cap $864M

13.08 USD

-0.06

0.46%

At close Updated Sep 23, 4:00 PM EDT

Pre-market

After hours

13.16

+0.08

0.61%

1 day

-0.46%

5 days

-1.95%

1 month

-2.75%

3 months

-4.87%

6 months

-7.04%

Year to date

-8.53%

1 year

-5.7%

5 years

-19.75%

10 years

-19.75%

About: Kayne Anderson BDC Inc is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company, investing mainly in first-lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle-market companies. Its investment objective is to generate current income and, to a lesser extent, capital appreciation mainly through debt investments in middle-market companies.

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 53.3%

Neutral 40%

Negative 6.7%

2 Externally Managed BDCs To Buy For 10%+ Passive Income

BDCs have gone out of favor. The current sector median 25% discount implies an unprecedented 12% loss rate (and this is even ignoring the recovery rates), which history does not support. I see that rising non-accruals, tight dividends, and extended balance sheets challenge the sector, but long-term protections remain robust.

2 Externally Managed BDCs To Buy For 10%+ Passive Income

Kayne Anderson BDC Has Just Shared Great Numbers

Kayne Anderson BDC remains a buy, supported by stable NII, strong dividend coverage, and prudent balance sheet management. KBDC's NII rose 5% year-over-year to $0.42 per share, maintaining a 105% dividend coverage ratio despite a modest increase in non-accruals. Portfolio diversification is robust, with top 10 investments under 20% of assets and average borrower exposure around 1%, mitigating credit risk.

Kayne Anderson BDC Has Just Shared Great Numbers

Two 11%+ Yielding External BDCs Built For Long-Term Compounding

Externally managed BDCs face structural challenges, notably high fees and misaligned incentives, making them difficult portfolio inclusions. I favor internally managed BDCs for long-term value, but selectively own some external names as well. There could be two motives for owning external ones: 1) tactical trades (high risk, high retur) and 2) long-term income compounding.

Two 11%+ Yielding External BDCs Built For Long-Term Compounding

Kayne Anderson BDC's 11%+ Yield Just Got Another Vote Of Confidence

KBDC stands out as a rare externally managed BDC worth holding, despite typical structural drawbacks. Recent Q2 results showed declining NII and NAV, higher leverage, and increased non-accruals, but underlying drivers suggest near-term improvement. KBDC trades at a 15% discount to NAV, with NII per share expected to rise next quarter due to portfolio rotation and higher spreads.

Kayne Anderson BDC's 11%+ Yield Just Got Another Vote Of Confidence

Kayne Anderson BDC Q2 Earnings Call Highlights

Kayne Anderson BDC NYSE: KBDC reported second-quarter 2026 net investment income of $0.42 per share, exceeding its quarterly dividend by $0.02 per share, while net asset value declined amid realized and unrealized portfolio losses and the completion of its exit from broadly syndicated loans.

Kayne Anderson BDC Q2 Earnings Call Highlights

Kayne Anderson BDC, Inc. (KBDC) Q2 2026 Earnings Call Transcript

Kayne Anderson BDC, Inc. (KBDC) Q2 2026 Earnings Call Transcript

Kayne Anderson BDC, Inc. (KBDC) Q2 2026 Earnings Call Transcript

Kayne Anderson BDC, Inc. Announces June 30, 2026 Financial Results and Declares Third Quarter 2026 Dividend of $0.40 Per Share

CHICAGO--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (NYSE: KBDC) (“KBDC or the Company”), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, today announced its financial results for the second quarter ended June 30, 2026. Financial Highlights for the Quarter Ended June 30, 2026 Net investment income of $27.5 million, or $0.42 per share; Net asset value of $16.00 per share, decreased from $16.23 per share as of March 31, 2026, primarily as a res.

Kayne Anderson BDC, Inc. Announces June 30, 2026 Financial Results and Declares Third Quarter 2026 Dividend of $0.40 Per Share

12%+ Yields At 30%+ Discounts: Top 2 Undervalued BDCs

So far, the Q2 earnings season has been positive for BDCs. Some BDCs have appreciated by double-digit figures. Among these BDCs are my two tactical trade ideas.

12%+ Yields At 30%+ Discounts: Top 2 Undervalued BDCs

Undercovered Dozen: Kayne Anderson, Franco-Nevada, Oracle And More

The Undercovered Dozen series spotlights 12 lesser-covered stocks featured on Seeking Alpha. This curated selection aims to provide fresh investment ideas and foster community discussion around under-the-radar equities. Readers are encouraged to engage, share perspectives, and highlight additional overlooked investment opportunities.

Undercovered Dozen: Kayne Anderson, Franco-Nevada, Oracle And More

Kayne Anderson: The Discounted BDC That's Not A Value Trap

Kayne Anderson BDC is a conservatively run lender trading at a 16% discount to book despite strong fundamentals. KBDC covers its 10% yield dividend at 108% from net investment income, with net asset value nearly flat and a 10.6% return on equity. The portfolio is 93% first-lien, has minimal tech exposure, low leverage (1.05x), and rising but contained non-accruals at 2.5%.

Kayne Anderson: The Discounted BDC That's Not A Value Trap

See News Rankings

Price charts implemented using Lightweight Charts™