UBS Group Raises Kayne Anderson BDC (NYSE:KBDC) Price Target to $16.50

Kayne Anderson BDC (NYSE:KBDC) had its price target hoisted by analysts at UBS Group from $16.00 to $16.50 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 1.69% from the company’s previous close.

A number of other analysts also recently commented on KBDC. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of Kayne Anderson BDC in a research report on Monday, May 19th. Keefe, Bruyette & Woods cut their price target on Kayne Anderson BDC from $17.00 to $16.50 and set a “market perform” rating for the company in a report on Tuesday, April 8th. Finally, Wells Fargo & Company cut their price target on Kayne Anderson BDC from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, April 28th.

Kayne Anderson BDC Price Performance

Shares of NYSE KBDC opened at $16.23 on Wednesday. The stock has a market capitalization of $1.15 billion, a PE ratio of 9.01 and a beta of 0.29. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day moving average price of $15.84 and a two-hundred day moving average price of $16.28. Kayne Anderson BDC has a fifty-two week low of $13.93 and a fifty-two week high of $17.99.

Kayne Anderson BDC (NYSE:KBDC) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). Kayne Anderson BDC had a return on equity of 11.36% and a net margin of 56.97%. The firm had revenue of $55.25 million for the quarter, compared to the consensus estimate of $58.43 million. As a group, equities analysts predict that Kayne Anderson BDC will post 2.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Kayne Anderson BDC news, Director Albert Rabil sold 43,020 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $15.84, for a total transaction of $681,436.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 387,485 shares of company stock worth $6,151,830 in the last quarter. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Kayne Anderson BDC

A number of large investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC purchased a new position in shares of Kayne Anderson BDC in the fourth quarter worth about $46,000. SGL Investment Advisors Inc. bought a new stake in shares of Kayne Anderson BDC in the first quarter worth about $165,000. Global View Capital Management LLC bought a new stake in shares of Kayne Anderson BDC in the first quarter worth about $167,000. BIP Wealth LLC bought a new stake in shares of Kayne Anderson BDC in the fourth quarter worth about $168,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of Kayne Anderson BDC in the first quarter worth about $168,000.

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.