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Kayne Anderson BDC

KBDC

Market cap $817M

12.41 USD

-0.33

2.59%

At close Updated Nov 6, 4:00 PM EST

Pre-market

After hours

12.35

-0.06

0.48%

1 day

-2.59%

5 days

-4.54%

1 month

-1.59%

3 months

-10.59%

6 months

-18.78%

Year to date

-13.22%

1 year

-11.8%

5 years

-23.87%

10 years

-23.87%

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 52.6%

Neutral 31.6%

Negative 15.8%

Kayne Anderson BDC Q3 Earnings Call Highlights

Kayne Anderson BDC NYSE: KBDC reported higher third-quarter investment income and maintained its quarterly dividend, even as credit problems in several portfolio companies weighed on net asset value and pushed non-accruals higher.

Kayne Anderson BDC Q3 Earnings Call Highlights

Kayne Anderson BDC, Inc. (KBDC) Q3 2026 Earnings Call Transcript

Kayne Anderson BDC, Inc. ( KBDC ) Q3 2026 Earnings Call November 6, 2026 12:00 PM EST Company Participants Andy Wedderburn-Maxwell - Senior Vice President Douglas Goodwillie - Co-CEO & Co-Chief Investment Officer Frank Karl - President Terry Hart - CFO & Treasurer Kenneth Leonard - Co-CEO & Co-Chief Investment Officer Conference Call Participants Melissa Wedel - UBS Investment Bank, Research Division Paul Johnson - Keefe, Bruyette, & Woods, Inc., Research Division Derek Hewett - BofA Securities, Research Division Presentation Operator Hello, everyone. Thank you for joining us, and welcome to Kayne Anderson BDC, Inc.'s Third Quarter 2026 Earnings Call.

Kayne Anderson BDC, Inc. (KBDC) Q3 2026 Earnings Call Transcript

Undercovered Dozen: NNN REIT, Weyerhaeuser, Vicor, And More

This Undercovered Dozen series spotlights 12 lesser-covered stocks and ETFs, each with distinct investment theses and ratings. Dan IVES Wedbush AI Revolution ETF is reiterated as a Buy, citing strong stock selection and outperformance versus the S&P 500. Vicor Corporation receives a Strong Buy on record for Q3 results and AI technology leadership, despite recent volatility tied to sector financing concerns.

Undercovered Dozen: NNN REIT, Weyerhaeuser, Vicor, And More

Kayne Anderson BDC, Inc. Announces September 30, 2026 Financial Results and Declares Fourth 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 third quarter ended September 30, 2026. Financial Highlights for the Quarter Ended September 30, 2026 Net investment income of $30.2 million, or $0.46 per share; Net asset value of $15.71 per share, decreased from $16.00 per share as of June 30, 2026, primaril.

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

How We Are Thinking About Wide BDC Discounts

The BDC sector trades at historically wide discounts, offering a 3.25% yield pickup versus NAV and significant margin of safety. Current sector discounts imply extreme default rates, unsupported by historical loss data or recent credit performance, suggesting discounts are overly pessimistic. Rising Fed Funds rates are set to boost BDC net investment income by around 8%, supporting dividend coverage and potential increases for well-positioned names.

How We Are Thinking About Wide BDC Discounts

Kayne Anderson BDC: Increased Discount And Non-Accruals

Kayne Anderson BDC is rated Hold, with a 12.8% yield covered by NII and a watch list that finally declined. KBDC trades at 0.78× NAV, below its own history but at a premium to large-cap direct lending peers, reflecting mixed portfolio quality. Non-accruals have risen for three consecutive quarters, leverage is up, and NAV continues to decline, tempering valuation appeal.

Kayne Anderson BDC: Increased Discount And Non-Accruals

Why I'm Capping My BDC Exposure At 15%

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.

Why I'm Capping My BDC Exposure At 15%

2 BDCs To Buy That Could Replace ARCC And OBDC In Your Portfolio

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.

2 BDCs To Buy That Could Replace ARCC And OBDC In Your Portfolio

Kayne Anderson BDC, Inc. Announces Third Quarter 2026 Earnings Release and Conference Call

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, Inc. Announces Third Quarter 2026 Earnings Release and Conference Call

Kayne Anderson BDC: Latest Quarter Confirmed The 12% Yield Is Likely Safe

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: Latest Quarter Confirmed The 12% Yield Is Likely Safe

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