Kayne Anderson BDC (NYSE:KBDC) Price Target Lowered to $13.50 at UBS Group

Kayne Anderson BDC (NYSE:KBDC) had its target price cut by investment analysts at UBS Group from $15.00 to $13.50 in a report released on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential downside of 0.15% from the stock’s previous close.

KBDC has been the topic of several other research reports. Wells Fargo & Company reissued an “equal weight” rating and set a $14.00 price target (down from $15.00) on shares of Kayne Anderson BDC in a research report on Friday, June 12th. Zacks Research cut shares of Kayne Anderson BDC from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 18th. Finally, Royal Bank Of Canada cut their target price on shares of Kayne Anderson BDC from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $14.50.

Kayne Anderson BDC Price Performance

KBDC stock opened at $13.52 on Tuesday. The business’s fifty day moving average price is $13.62 and its 200 day moving average price is $14.01. Kayne Anderson BDC has a 12-month low of $13.06 and a 12-month high of $15.87. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $892.86 million, a PE ratio of 12.41 and a beta of 0.31.

Kayne Anderson BDC (NYSE:KBDC) last announced its earnings results on Monday, August 10th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $19.27 million during the quarter, compared to analysts’ expectations of $51.86 million. Kayne Anderson BDC had a return on equity of 10.63% and a net margin of 31.54%. On average, sell-side analysts anticipate that Kayne Anderson BDC will post 1.61 EPS for the current year.

Institutional Investors Weigh In On Kayne Anderson BDC

A number of hedge funds have recently bought and sold shares of KBDC. Advisory Services Network LLC grew its position in shares of Kayne Anderson BDC by 16.0% during the fourth quarter. Advisory Services Network LLC now owns 10,206 shares of the company’s stock worth $146,000 after buying an additional 1,407 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Kayne Anderson BDC by 70.9% in the second quarter. Osaic Holdings Inc. now owns 10,268 shares of the company’s stock worth $157,000 after acquiring an additional 4,261 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Kayne Anderson BDC by 341.2% during the 1st quarter. Acadian Asset Management LLC now owns 10,788 shares of the company’s stock worth $173,000 after acquiring an additional 8,343 shares in the last quarter. Sovereign Financial Group Inc. acquired a new position in Kayne Anderson BDC during the 1st quarter worth approximately $155,000. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of Kayne Anderson BDC in the 3rd quarter valued at approximately $156,000.

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.