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

Kayne Anderson BDC (NYSE:KBDC) had its target price reduced by equities researchers at UBS Group from $16.50 to $16.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 1.59% from the stock’s current price.

Separately, Keefe, Bruyette & Woods lowered 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. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Kayne Anderson BDC has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Kayne Anderson BDC Stock Performance

Shares of Kayne Anderson BDC stock traded up $0.23 on Thursday, hitting $15.75. The stock had a trading volume of 116,202 shares, compared to its average volume of 88,576. The company’s 50 day moving average price is $16.52 and its 200 day moving average price is $16.54. 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.

Kayne Anderson BDC (NYSE:KBDC) last announced its earnings results on Monday, March 3rd. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). The business had revenue of $56.34 million during the quarter, compared to analyst estimates of $53.01 million. Kayne Anderson BDC had a net margin of 59.80% and a return on equity of 12.65%. On average, analysts expect that Kayne Anderson BDC will post 2.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kayne Anderson BDC

Several hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets purchased a new position in Kayne Anderson BDC during the third quarter worth $44,000. CIBC Private Wealth Group LLC purchased a new position in Kayne Anderson BDC in the 4th quarter valued at about $46,000. BIP Wealth LLC acquired a new stake in shares of Kayne Anderson BDC during the 4th quarter worth about $168,000. Perigon Wealth Management LLC acquired a new position in shares of Kayne Anderson BDC in the fourth quarter valued at approximately $169,000. Finally, Cerity Partners LLC purchased a new position in shares of Kayne Anderson BDC during the fourth 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.