Keefe, Bruyette & Woods Has Lowered Expectations for Kayne Anderson BDC (NYSE:KBDC) Stock Price

Kayne Anderson BDC (NYSE:KBDC) had its target price reduced by equities research analysts at Keefe, Bruyette & Woods from $16.00 to $15.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 11.67% from the company’s current price.

A number of other brokerages have also weighed in on KBDC. Royal Bank Of Canada lowered their target price on Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Wells Fargo & Company lowered their price objective on Kayne Anderson BDC from $16.00 to $15.00 and set an “overweight” rating on the stock 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.38.

Kayne Anderson BDC Trading Up 1.5%

KBDC stock opened at $13.88 on Wednesday. Kayne Anderson BDC has a one year low of $13.06 and a one year high of $17.00. The stock has a market cap of $949.39 million, a price-to-earnings ratio of 10.44 and a beta of 0.23. The company has a fifty day moving average price of $14.29 and a two-hundred day moving average price of $14.50. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.46 and a quick ratio of 1.46.

Kayne Anderson BDC (NYSE:KBDC) last announced its earnings results on Monday, March 2nd. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The business 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 10.13%. Equities analysts anticipate that Kayne Anderson BDC will post 2.06 EPS for the current year.

Hedge Funds Weigh In On Kayne Anderson BDC

Several hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new position in shares of Kayne Anderson BDC in the 1st quarter valued at approximately $228,000. Goldman Sachs Group Inc. increased its stake in Kayne Anderson BDC by 119.7% in the first quarter. Goldman Sachs Group Inc. now owns 30,285 shares of the company’s stock valued at $491,000 after acquiring an additional 16,501 shares during the last quarter. Acadian Asset Management LLC raised its position in Kayne Anderson BDC by 341.2% during the first quarter. Acadian Asset Management LLC now owns 10,788 shares of the company’s stock valued at $173,000 after purchasing an additional 8,343 shares in the last quarter. SNS Financial Group LLC lifted its stake in Kayne Anderson BDC by 50.0% during the second quarter. SNS Financial Group LLC now owns 21,126 shares of the company’s stock worth $331,000 after purchasing an additional 7,042 shares during the last quarter. Finally, Equitec Proprietary Markets LLC boosted its holdings in shares of Kayne Anderson BDC by 50.0% in the 2nd quarter. Equitec Proprietary Markets LLC now owns 121,998 shares of the company’s stock valued at $1,862,000 after purchasing an additional 40,666 shares in 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.