Keefe, Bruyette & Woods Issues Pessimistic Forecast for Kayne Anderson BDC (NYSE:KBDC) Stock Price

Kayne Anderson BDC (NYSE:KBDC) had its price objective dropped by analysts at Keefe, Bruyette & Woods from $16.00 to $15.50 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 11.59% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on KBDC. Royal Bank Of Canada decreased their price objective on Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Wells Fargo & Company decreased their price target on shares of Kayne Anderson BDC from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.13.

Kayne Anderson BDC Price Performance

NYSE KBDC opened at $13.89 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.46 and a current ratio of 1.26. The firm’s 50 day moving average price is $14.26 and its 200-day moving average price is $14.49. Kayne Anderson BDC has a 52-week low of $13.06 and a 52-week high of $16.98. The company has a market cap of $930.32 million, a PE ratio of 10.44 and a beta of 0.23.

Kayne Anderson BDC (NYSE:KBDC) last issued its quarterly earnings data on Monday, March 2nd. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of ($25.53) million during the quarter, compared to the consensus estimate of $56.48 million. Kayne Anderson BDC had a net margin of 39.74% and a return on equity of 10.23%. Sell-side analysts forecast that Kayne Anderson BDC will post 2.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Kayne Anderson BDC

Institutional investors have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. purchased a new position in Kayne Anderson BDC during the 3rd quarter worth approximately $539,000. AG Asset Advisory LLC acquired a new stake in shares of Kayne Anderson BDC in the third quarter worth $2,708,000. Franklin Resources Inc. raised its holdings in shares of Kayne Anderson BDC by 186.7% during the second quarter. Franklin Resources Inc. now owns 223,657 shares of the company’s stock worth $3,413,000 after purchasing an additional 145,637 shares during the last quarter. Sage Mountain Advisors LLC raised its holdings in shares of Kayne Anderson BDC by 13.8% during the third quarter. Sage Mountain Advisors LLC now owns 1,058,487 shares of the company’s stock worth $14,099,000 after purchasing an additional 128,061 shares during the last quarter. Finally, North Ground Capital acquired a new position in Kayne Anderson BDC during the third quarter valued at $1,332,000.

Kayne Anderson BDC Company Profile

Kayne Anderson BDC, Inc (NYSE: KBDC) is a closed-end, non-diversified management investment company structured as a business development company under the Investment Company Act of 1940. The firm focuses on providing bespoke financing solutions to U.S. middle-market companies, offering first-lien and second-lien secured loans, unitranche facilities, mezzanine debt and selected equity co-investments. KBDC targets businesses with EBITDA profiles generally ranging from $10 million to $100 million, aiming to generate attractive income and potential capital appreciation for shareholders.

The company’s portfolio spans a variety of sectors, including healthcare, technology, energy services, consumer products and industrials.