Kayne Anderson BDC (NYSE:KBDC) Price Target Lowered to $16.00 at Wells Fargo & Company

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) had its price target cut by analysts at Wells Fargo & Company from $17.00 to $16.00 in a report issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price objective indicates a potential downside of 1.49% from the company's previous close.

KBDC has been the topic of a number of other research reports. UBS Group dropped their price objective on shares of Kayne Anderson BDC from $16.50 to $16.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Keefe, Bruyette & Woods decreased their target price on Kayne Anderson BDC from $17.00 to $16.50 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Kayne Anderson BDC currently has an average rating of "Moderate Buy" and a consensus price target of $16.80.

Kayne Anderson BDC Price Performance

NYSE KBDC traded up $0.01 during trading hours on Monday, hitting $16.24. The company's stock had a trading volume of 13,480 shares, compared to its average volume of 151,717. The company's 50 day simple moving average is $16.29 and its two-hundred day simple moving average is $16.54. Kayne Anderson BDC has a 12 month low of $13.93 and a 12 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 - Get Free Report) last issued its quarterly earnings data on Monday, March 3rd. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.03). Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. The firm had revenue of $56.34 million during the quarter, compared to the consensus estimate of $53.01 million. Equities research analysts anticipate that Kayne Anderson BDC will post 2.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kayne Anderson BDC

Hedge funds have recently made changes to their positions in the business. Summit Trail Advisors LLC boosted its stake in Kayne Anderson BDC by 100.0% in the 1st quarter. Summit Trail Advisors LLC now owns 106,310 shares of the company's stock worth $1,767,000 after purchasing an additional 53,155 shares during the period. Accelerate Investment Advisors LLC bought a new position in Kayne Anderson BDC during the first quarter valued at approximately $678,000. Requisite Capital Management LLC increased its position in Kayne Anderson BDC by 10.9% in the first quarter. Requisite Capital Management LLC now owns 365,783 shares of the company's stock worth $6,083,000 after purchasing an additional 35,843 shares during the last quarter. Magnus Financial Group LLC raised its position in shares of Kayne Anderson BDC by 32.7% during the 1st quarter. Magnus Financial Group LLC now owns 39,261 shares of the company's stock valued at $637,000 after buying an additional 9,684 shares in the last quarter. Finally, AdvisorNet Financial Inc purchased a new stake in Kayne Anderson BDC during the 1st quarter valued at $239,000.

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.

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