Kayne Anderson BDC (NYSE:KBDC) Price Target Lowered to $16.00 at Keefe, Bruyette & Woods

Kayne Anderson BDC (NYSE:KBDC) had its price objective decreased by investment analysts at Keefe, Bruyette & Woods from $16.50 to $16.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 8.18% from the company’s previous close.

A number of other brokerages have also recently weighed in on KBDC. UBS Group dropped their price target on Kayne Anderson BDC from $16.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Wells Fargo & Company dropped their price target on Kayne Anderson BDC from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Kayne Anderson BDC presently has a consensus rating of “Moderate Buy” and an average target price of $15.75.

Kayne Anderson BDC Stock Performance

KBDC traded up $0.11 on Thursday, reaching $14.79. The stock had a trading volume of 5,282 shares, compared to its average volume of 197,583. The business’s 50-day moving average price is $14.18 and its two-hundred day moving average price is $15.15. The company has a market cap of $1.01 billion, a P/E ratio of 9.80 and a beta of 0.18. Kayne Anderson BDC has a 12-month low of $13.06 and a 12-month high of $17.99. The company has a current ratio of 1.46, a quick ratio of 1.45 and a debt-to-equity ratio of 1.00.

Kayne Anderson BDC (NYSE:KBDC) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Kayne Anderson BDC had a net margin of 46.55% and a return on equity of 10.40%. The firm had revenue of $61.37 million for the quarter, compared to analyst estimates of $53.97 million. Sell-side analysts forecast that Kayne Anderson BDC will post 2.06 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Generali Investments CEE investicni spolecnost a.s. lifted its holdings in Kayne Anderson BDC by 5.5% during the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 18,184 shares of the company’s stock valued at $277,000 after purchasing an additional 954 shares during the last quarter. Arcus Capital Partners LLC boosted its position in Kayne Anderson BDC by 8.9% during the third quarter. Arcus Capital Partners LLC now owns 13,475 shares of the company’s stock valued at $179,000 after purchasing an additional 1,100 shares in the last quarter. Magnus Financial Group LLC grew its position in shares of Kayne Anderson BDC by 4.1% in the 2nd quarter. Magnus Financial Group LLC now owns 40,861 shares of the company’s stock worth $624,000 after buying an additional 1,600 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Kayne Anderson BDC by 11.4% during the 1st quarter. Cubist Systematic Strategies LLC now owns 16,504 shares of the company’s stock worth $268,000 after acquiring an additional 1,690 shares in the last quarter. Finally, Security National Bank raised its position in Kayne Anderson BDC by 205.4% in the third quarter. Security National Bank now owns 5,057 shares of the company’s stock valued at $67,000 after purchasing an additional 3,401 shares during the period.

Kayne Anderson BDC Company Profile

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.