UBS Group Has Lowered Expectations for Kayne Anderson BDC (NYSE:KBDC) Stock Price

Kayne Anderson BDC (NYSE:KBDC) had its target price reduced by equities research analysts at UBS Group from $15.00 to $14.50 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 6.25% from the company’s current price.

Other analysts have also issued research reports about the stock. Keefe, Bruyette & Woods decreased their target price on shares of Kayne Anderson BDC from $16.00 to $15.50 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Wells Fargo & Company reduced their price target on Kayne Anderson BDC from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 4th. Finally, Royal Bank Of Canada decreased their price objective on Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Kayne Anderson BDC Price Performance

KBDC stock traded up $0.08 during trading on Friday, hitting $13.65. The stock had a trading volume of 610,326 shares, compared to its average volume of 382,278. The stock has a market cap of $914.08 million, a price-to-earnings ratio of 10.26 and a beta of 0.23. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.26 and a current ratio of 1.26. The company’s 50 day moving average price is $14.18 and its two-hundred day moving average price is $14.44. Kayne Anderson BDC has a 1-year low of $13.06 and a 1-year high of $16.98.

Kayne Anderson BDC (NYSE:KBDC) last released its quarterly earnings results on Monday, March 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of ($25.53) million for the quarter, compared to analysts’ expectations of $56.48 million. Kayne Anderson BDC had a net margin of 39.74% and a return on equity of 10.23%. On average, sell-side analysts forecast that Kayne Anderson BDC will post 2.06 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director George E. Marucci, Jr. purchased 9,000 shares of the business’s stock in a transaction on Friday, March 6th. The shares were bought at an average price of $13.74 per share, with a total value of $123,660.00. Following the completion of the purchase, the director directly owned 10,000 shares in the company, valued at approximately $137,400. This trade represents a 900.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.10% of the company’s stock.

Institutional Trading of Kayne Anderson BDC

Institutional investors and hedge funds have recently made changes to their positions in the company. Arcus Capital Partners LLC raised its position in shares of Kayne Anderson BDC by 8.9% in the 3rd quarter. Arcus Capital Partners LLC now owns 13,475 shares of the company’s stock worth $179,000 after buying an additional 1,100 shares during the period. Advisory Services Network LLC grew its position in Kayne Anderson BDC by 16.0% during the fourth quarter. Advisory Services Network LLC now owns 10,206 shares of the company’s stock valued at $146,000 after acquiring an additional 1,407 shares during the period. BNP Paribas Financial Markets grew its position in Kayne Anderson BDC by 14.6% during the third quarter. BNP Paribas Financial Markets now owns 17,265 shares of the company’s stock valued at $230,000 after acquiring an additional 2,203 shares during the period. Security National Bank increased its stake in Kayne Anderson BDC by 205.4% during the third quarter. Security National Bank now owns 5,057 shares of the company’s stock worth $67,000 after acquiring an additional 3,401 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of Kayne Anderson BDC by 70.9% in the 2nd quarter. Osaic Holdings Inc. now owns 10,268 shares of the company’s stock worth $157,000 after purchasing an additional 4,261 shares during the period.

About Kayne Anderson BDC

Kayne Anderson BDC, Inc (NYSE: KBDC) is a closed-end, non-diversified management investment company structured as a business development company under the Investment Company Act of 1940. The firm focuses on providing bespoke financing solutions to U.S. middle-market companies, offering first-lien and second-lien secured loans, unitranche facilities, mezzanine debt and selected equity co-investments. KBDC targets businesses with EBITDA profiles generally ranging from $10 million to $100 million, aiming to generate attractive income and potential capital appreciation for shareholders.

The company’s portfolio spans a variety of sectors, including healthcare, technology, energy services, consumer products and industrials.