UBS Group Issues Positive Forecast for Kayne Anderson BDC (NYSE:KBDC) Stock Price

Kayne Anderson BDC (NYSE:KBDC - Free Report) had its price target boosted by UBS Group from $16.00 to $16.50 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research firms have also weighed in on KBDC. Keefe, Bruyette & Woods cut their target price on 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. Royal Bank Of Canada reissued an "outperform" rating and set a $17.00 price objective on shares of Kayne Anderson BDC in a research note on Monday, May 19th. Finally, Wells Fargo & Company lowered their target price on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, April 28th.

Kayne Anderson BDC Trading Up 0.6%

Shares of KBDC traded up $0.10 on Wednesday, reaching $16.23. 154,526 shares of the company's stock were exchanged, compared to its average volume of 99,151. The business has a 50 day moving average price of $15.83 and a two-hundred day moving average price of $16.28. Kayne Anderson BDC has a 12 month low of $13.93 and a 12 month high of $17.99. The stock has a market capitalization of $1.15 billion, a P/E ratio of 9.01 and a beta of 0.29. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.85.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). The business had revenue of $55.25 million for the quarter, compared to analyst estimates of $58.43 million. Kayne Anderson BDC had a return on equity of 11.36% and a net margin of 56.97%. Research analysts anticipate that Kayne Anderson BDC will post 2.06 earnings per share for the current year.

Kayne Anderson BDC Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were given a $0.10 dividend. The ex-dividend date was Monday, June 9th. This represents a dividend yield of 12.1%. Kayne Anderson BDC's dividend payout ratio is presently 88.89%.

Insider Transactions at Kayne Anderson BDC

In other Kayne Anderson BDC news, Director Albert Rabil sold 43,020 shares of Kayne Anderson BDC stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $15.84, for a total value of $681,436.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 387,485 shares of company stock worth $6,151,830. 3.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kayne Anderson BDC

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Accelerate Investment Advisors LLC bought a new position in Kayne Anderson BDC during the 1st quarter worth about $678,000. Millennium Management LLC boosted its position in shares of Kayne Anderson BDC by 65.3% during the fourth quarter. Millennium Management LLC now owns 62,500 shares of the company's stock worth $1,034,000 after buying an additional 24,701 shares during the period. Janus Henderson Group PLC acquired a new position in shares of Kayne Anderson BDC during the fourth quarter worth about $545,000. Bank of America Corp DE grew its holdings in shares of Kayne Anderson BDC by 4,201.5% during the fourth quarter. Bank of America Corp DE now owns 989,008 shares of the company's stock worth $16,358,000 after buying an additional 966,016 shares in the last quarter. Finally, Cerity Partners LLC acquired a new stake in Kayne Anderson BDC in the 4th quarter valued at approximately $170,000.

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.