Kayne Anderson BDC (NYSE:KBDC) Given Outperform Rating at Royal Bank of Canada

Kayne Anderson BDC (NYSE:KBDC)‘s stock had its “outperform” rating reissued by research analysts at Royal Bank of Canada in a note issued to investors on Monday,Benzinga reports. They currently have a $17.00 target price on the stock. Royal Bank of Canada’s price target suggests a potential upside of 4.05% from the company’s previous close.

A number of other research analysts also recently commented on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Kayne Anderson BDC from $17.00 to $16.50 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. UBS Group dropped their price target on shares of Kayne Anderson BDC from $16.50 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Finally, Wells Fargo & Company reduced their price objective on Kayne Anderson BDC from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Kayne Anderson BDC currently has an average rating of “Moderate Buy” and an average price target of $16.60.

Kayne Anderson BDC Stock Performance

Shares of KBDC traded down $0.00 during trading hours on Monday, reaching $16.34. 82,241 shares of the company’s stock traded hands, compared to its average volume of 93,304. The firm has a market capitalization of $1.16 billion and a price-to-earnings ratio of 9.07. The business’s fifty day simple moving average is $16.00 and its two-hundred day simple moving average is $16.53. Kayne Anderson BDC has a twelve month low of $13.93 and a twelve month high of $17.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36.

Kayne Anderson BDC (NYSE:KBDC) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). The company had revenue of $55.25 million for the quarter, compared to analyst estimates of $58.43 million. Kayne Anderson BDC had a net margin of 59.80% and a return on equity of 12.65%. Analysts predict that Kayne Anderson BDC will post 2.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of KBDC. CIBC Private Wealth Group LLC acquired a new position in Kayne Anderson BDC during the fourth quarter valued at approximately $46,000. SGL Investment Advisors Inc. acquired a new stake in shares of Kayne Anderson BDC in the 1st quarter valued at approximately $165,000. Global View Capital Management LLC acquired a new stake in shares of Kayne Anderson BDC in the 1st quarter valued at approximately $167,000. BIP Wealth LLC acquired a new stake in shares of Kayne Anderson BDC in the 4th quarter valued at approximately $168,000. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in shares of Kayne Anderson BDC in the 1st quarter valued at approximately $168,000.

Kayne Anderson BDC Company Profile

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.