Kayne Anderson BDC (NYSE:KBDC) Price Target Cut to $15.50 by Analysts at Keefe, Bruyette & Woods

Kayne Anderson BDC (NYSE:KBDC) had its price objective decreased by Keefe, Bruyette & Woods from $16.00 to $15.50 in a research note published on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Several other brokerages also recently commented on KBDC. Royal Bank Of Canada dropped their target price on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Wells Fargo & Company lowered their price objective 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 analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.13.

Kayne Anderson BDC Stock Performance

KBDC stock opened at $13.90 on Wednesday. Kayne Anderson BDC has a 1-year low of $13.06 and a 1-year high of $16.98. The company has a current ratio of 1.26, a quick ratio of 1.46 and a debt-to-equity ratio of 1.01. The firm has a market cap of $931.02 million, a PE ratio of 10.45 and a beta of 0.23. The business’s 50-day moving average price is $14.27 and its two-hundred day moving average price is $14.49.

Kayne Anderson BDC (NYSE:KBDC) last released its quarterly earnings results on Monday, March 2nd. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Kayne Anderson BDC had a return on equity of 10.23% and a net margin of 39.74%.The company had revenue of ($25.53) million for the quarter, compared to analyst estimates of $56.48 million. As a group, research analysts forecast that Kayne Anderson BDC will post 2.06 earnings per share for the current year.

Kayne Anderson BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Tuesday, March 31st will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.5%. Kayne Anderson BDC’s payout ratio is currently 105.96%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KBDC. Virtu Financial LLC bought a new stake in shares of Kayne Anderson BDC during the 4th quarter worth approximately $336,000. XTX Topco Ltd acquired a new position in Kayne Anderson BDC during the fourth quarter worth $1,290,000. VARCOV Co. acquired a new position in Kayne Anderson BDC during the fourth quarter worth $259,000. Quadrature Capital Ltd raised its position in Kayne Anderson BDC by 41.1% during the fourth quarter. Quadrature Capital Ltd now owns 31,976 shares of the company’s stock worth $458,000 after acquiring an additional 9,317 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Kayne Anderson BDC by 206.3% in the fourth quarter. Millennium Management LLC now owns 254,429 shares of the company’s stock valued at $3,643,000 after acquiring an additional 171,354 shares during the last quarter.

About Kayne Anderson BDC

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.