Wells Fargo & Company Has Lowered Expectations for Kayne Anderson BDC (NYSE:KBDC) Stock Price

Kayne Anderson BDC (NYSE:KBDC) had its target price lowered by equities researchers at Wells Fargo & Company from $16.00 to $15.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 1.59% from the company’s previous close.

Several other analysts also recently commented on KBDC. UBS Group reduced their price objective on Kayne Anderson BDC from $16.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods upgraded Kayne Anderson BDC from a “market perform” rating to an “outperform” rating and set a $16.50 target price on the stock in a research report on Monday, October 6th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $15.88.

Kayne Anderson BDC Stock Up 0.1%

Shares of KBDC stock traded up $0.02 during trading hours on Wednesday, reaching $14.77. 31,280 shares of the stock were exchanged, compared to its average volume of 197,050. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.45 and a quick ratio of 1.45. The business’s fifty day moving average is $14.19 and its two-hundred day moving average is $15.15. The firm has a market capitalization of $1.04 billion, a P/E ratio of 9.76 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.

Kayne Anderson BDC (NYSE:KBDC) last released its quarterly earnings data on Monday, November 10th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. Kayne Anderson BDC had a return on equity of 10.33% and a net margin of 46.55%.The business had revenue of $61.37 million during the quarter, compared to analysts’ expectations of $53.97 million. As a group, research analysts expect that Kayne Anderson BDC will post 2.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Generali Investments CEE investicni spolecnost a.s. raised its stake in shares of Kayne Anderson BDC by 5.5% during the 2nd 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 period. Arcus Capital Partners LLC boosted its holdings in shares of Kayne Anderson BDC by 8.9% in the 3rd quarter. Arcus Capital Partners LLC now owns 13,475 shares of the company’s stock worth $179,000 after purchasing an additional 1,100 shares in the last quarter. Magnus Financial Group LLC lifted its holdings 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 acquiring an additional 1,600 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Kayne Anderson BDC by 11.4% during the first quarter. Cubist Systematic Strategies LLC now owns 16,504 shares of the company’s stock valued at $268,000 after buying an additional 1,690 shares during the last quarter. Finally, Security National Bank boosted its stake in shares of Kayne Anderson BDC by 205.4% during 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.

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.