UBS Group Lowers Kayne Anderson BDC (NYSE:KBDC) Price Target to $16.00

Kayne Anderson BDC (NYSE:KBDC) had its price objective cut by research analysts at UBS Group from $16.50 to $16.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential upside of 2.04% from the stock’s current price.

Separately, Keefe, Bruyette & Woods dropped 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 note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Kayne Anderson BDC Trading Up 1.0 %

Shares of Kayne Anderson BDC stock opened at $15.68 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.66. Kayne Anderson BDC has a 52 week low of $13.93 and a 52 week high of $17.99. The business’s fifty day simple moving average is $16.45 and its 200-day simple moving average is $16.54.

Kayne Anderson BDC (NYSE:KBDC) last posted its quarterly earnings results on Monday, March 3rd. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.03). The firm had revenue of $56.34 million for the quarter, compared to analyst estimates of $53.01 million. Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. Research 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 added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new stake in Kayne Anderson BDC during the third quarter worth $44,000. CIBC Private Wealth Group LLC acquired a new position in Kayne Anderson BDC during the fourth quarter worth approximately $46,000. BIP Wealth LLC acquired a new stake in Kayne Anderson BDC during the fourth quarter worth about $168,000. Perigon Wealth Management LLC purchased a new position in shares of Kayne Anderson BDC in the 4th quarter valued at $169,000. Finally, Cerity Partners LLC acquired a new position in Kayne Anderson BDC during the 4th quarter worth approximately $170,000.

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.