Kayne Anderson BDC (NYSE:KBDC) Price Target Cut to $16.00 by Analysts at Keefe, Bruyette & Woods

Kayne Anderson BDC (NYSE:KBDC) had its price target lowered by Keefe, Bruyette & Woods from $16.50 to $16.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 8.18% from the stock’s current price.

A number of other research analysts have also weighed in on KBDC. UBS Group reduced their price target on Kayne Anderson BDC from $16.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Wells Fargo & Company lowered their price target on Kayne Anderson BDC from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Kayne Anderson BDC currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.75.

Kayne Anderson BDC Trading Up 0.7%

Shares of NYSE:KBDC traded up $0.11 during trading hours on Thursday, hitting $14.79. 5,282 shares of the company’s stock traded hands, compared to its average volume of 197,583. The business has a fifty day moving average price of $14.18 and a 200-day moving average price of $15.15. The firm has a market capitalization of $1.01 billion, a P/E ratio of 9.80 and a beta of 0.18. Kayne Anderson BDC has a 1 year low of $13.06 and a 1 year high of $17.99. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.46 and a quick ratio of 1.45.

Kayne Anderson BDC (NYSE:KBDC) last announced its earnings results on Monday, November 10th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $61.37 million for the quarter, compared to analyst estimates of $53.97 million. Kayne Anderson BDC had a return on equity of 10.40% and a net margin of 46.55%. Equities analysts expect that Kayne Anderson BDC will post 2.06 earnings per share for the current year.

Institutional Investors Weigh In On Kayne Anderson BDC

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cerity Partners LLC increased its position in shares of Kayne Anderson BDC by 628.4% during the 1st quarter. Cerity Partners LLC now owns 73,073 shares of the company’s stock valued at $1,185,000 after purchasing an additional 63,041 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in Kayne Anderson BDC by 137.0% in the first quarter. Apollon Wealth Management LLC now owns 30,136 shares of the company’s stock valued at $489,000 after acquiring an additional 17,418 shares in the last quarter. SNS Financial Group LLC purchased a new position in Kayne Anderson BDC during the 1st quarter valued at about $234,000. Accredited Investors Inc. raised its holdings in Kayne Anderson BDC by 57.1% in the first quarter. Accredited Investors Inc. now owns 18,578 shares of the company’s stock worth $301,000 after buying an additional 6,754 shares during the last quarter. Finally, HB Wealth Management LLC boosted its holdings in Kayne Anderson BDC by 79.3% in the first quarter. HB Wealth Management LLC now owns 172,445 shares of the company’s stock worth $2,797,000 after purchasing an additional 76,250 shares during the last quarter.

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.