Kayne Anderson BDC (NYSE:KBDC) Given New $16.50 Price Target at UBS Group

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

Other equities analysts have also recently issued reports about the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $17.00 target price on shares of Kayne Anderson BDC in a research note on Monday, May 19th. Keefe, Bruyette & Woods reduced their price objective 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. Finally, Wells Fargo & Company reduced their price objective on Kayne Anderson BDC from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th.

Kayne Anderson BDC Price Performance

Shares of NYSE:KBDC traded down $0.26 on Wednesday, reaching $15.98. 123,159 shares of the company were exchanged, compared to its average volume of 99,986. 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 has a 1-year low of $13.93 and a 1-year high of $17.99. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 8.88 and a beta of 0.29. The company has a 50-day moving average of $15.84 and a 200-day moving average of $16.27.

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

Kayne Anderson BDC Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a yield of 12.1%. Kayne Anderson BDC's dividend payout ratio (DPR) is presently 88.89%.

Insiders Place Their Bets

In other news, Director Albert Rabil sold 314,465 shares of Kayne Anderson BDC stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $15.90, for a total transaction of $4,999,993.50. Following the completion of the sale, the director directly owned 151,686 shares in the company, valued at $2,411,807.40. The trade was a 67.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 387,485 shares of company stock worth $6,151,830. Insiders own 3.10% of the company's stock.

Institutional Trading of Kayne Anderson BDC

A number of 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 in the fourth quarter valued at about $46,000. SGL Investment Advisors Inc. bought a new position in Kayne Anderson BDC in the first quarter valued at approximately $165,000. Global View Capital Management LLC bought a new position in shares of Kayne Anderson BDC during the 1st quarter worth approximately $167,000. BIP Wealth LLC bought a new position in shares of Kayne Anderson BDC during the 4th quarter worth approximately $168,000. Finally, Mesirow Financial Investment Management Inc. bought a new position in shares of Kayne Anderson BDC during the 1st quarter worth 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.