Global Lights Acquisition (NASDAQ:GLAC) and Kayne Anderson BDC (NYSE:KBDC) Critical Review

Kayne Anderson BDC (NYSE:KBDC) and Global Lights Acquisition (NASDAQ:GLAC) are both small-cap finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, profitability, dividends, institutional ownership, risk and earnings.

Earnings & Valuation

This table compares Kayne Anderson BDC and Global Lights Acquisition”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Kayne Anderson BDC	$122.29 million	9.54	$77.07 million	N/A	N/A
Global Lights Acquisition	N/A	N/A	N/A	N/A	N/A

Kayne Anderson BDC has higher revenue and earnings than Global Lights Acquisition.

Insider and Institutional Ownership

83.4% of Global Lights Acquisition shares are owned by institutional investors. 3.2% of Kayne Anderson BDC shares are owned by insiders. Comparatively, 23.1% of Global Lights Acquisition shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Analyst Ratings

This is a summary of current recommendations and price targets for Kayne Anderson BDC and Global Lights Acquisition, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Kayne Anderson BDC	0	2	2	1	2.80
Global Lights Acquisition	0	0	0	0	0.00

Kayne Anderson BDC presently has a consensus target price of $17.30, suggesting a potential upside of 5.42%. Given Kayne Anderson BDC’s stronger consensus rating and higher probable upside, research analysts clearly believe Kayne Anderson BDC is more favorable than Global Lights Acquisition.

Profitability

This table compares Kayne Anderson BDC and Global Lights Acquisition’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Kayne Anderson BDC	59.80%	12.65%	6.77%
Global Lights Acquisition	N/A	N/A	N/A

Summary

Kayne Anderson BDC beats Global Lights Acquisition on 8 of the 10 factors compared between the two stocks.

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.

About Global Lights Acquisition

Global Lights Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Beijing, the People's Republic of China.