Kayne Anderson BDC (NYSE:KBDC) Sets New 1-Year Low - Time to Sell?

Key Points

• Kayne Anderson BDC shares reached a new **52-week low** at $13.21, indicating potential concerns among investors.
• Despite recent declines, UBS Group increased their **price target** for the stock from $16.00 to $16.50, maintaining a "neutral" rating.
• The company has announced a quarterly dividend of **$0.40**, translating to an annualized yield of **12.1%**, with a payout ratio of 94.67%.

Shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $13.21 and last traded at $13.29, with a volume of 20855 shares traded. The stock had previously closed at $13.21.

Analyst Ratings Changes

Separately, UBS Group increased their price target on shares of Kayne Anderson BDC from $16.00 to $16.50 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Kayne Anderson BDC presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.50.

Kayne Anderson BDC Stock Up 0.5%

The stock has a market cap of $937.16 million, a PE ratio of 7.85 and a beta of 0.29. The business has a 50 day moving average of $15.02 and a 200-day moving average of $15.59. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.90.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). The firm had revenue of $57.30 million during the quarter, compared to analyst estimates of $49.37 million. Kayne Anderson BDC had a net margin of 52.99% and a return on equity of 10.90%. Equities research analysts predict that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current fiscal year.

Kayne Anderson BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 12.1%. The ex-dividend date is Tuesday, September 30th. Kayne Anderson BDC's payout ratio is 94.67%.

Hedge Funds Weigh In On Kayne Anderson BDC

A number of large investors have recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in shares of Kayne Anderson BDC by 65.3% in the fourth quarter. Millennium Management LLC now owns 62,500 shares of the company's stock valued at $1,034,000 after acquiring an additional 24,701 shares in the last quarter. AdvisorNet Financial Inc purchased a new position in shares of Kayne Anderson BDC during the 1st quarter worth approximately $239,000. Magnus Financial Group LLC lifted its holdings in shares of Kayne Anderson BDC by 32.7% in 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 during the period. Requisite Capital Management LLC lifted its holdings in shares of Kayne Anderson BDC by 10.9% in the 1st quarter. Requisite Capital Management LLC now owns 365,783 shares of the company's stock valued at $6,083,000 after buying an additional 35,843 shares during the period. Finally, Accelerate Investment Advisors LLC purchased a new stake in shares of Kayne Anderson BDC in the first quarter valued at approximately $678,000.

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.

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