Kayne Anderson BDC (NYSE:KBDC) Given New $16.00 Price Target at UBS Group

Kayne Anderson BDC (NYSE:KBDC) had its target price lowered by UBS Group from $16.50 to $16.00 in a research note issued to investors on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Separately, Keefe, Bruyette & Woods decreased their price target on Kayne Anderson BDC from $17.00 to $16.50 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Kayne Anderson BDC Trading Up 1.0 %

Shares of NYSE KBDC opened at $15.68 on Thursday. Kayne Anderson BDC has a 1 year low of $13.93 and a 1 year high of $17.99. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The company has a 50 day simple moving average of $16.49 and a 200 day simple moving average of $16.54.

Kayne Anderson BDC (NYSE:KBDC) last issued its quarterly 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 for the quarter, compared to analyst estimates of $53.01 million. Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. Equities research analysts anticipate that Kayne Anderson BDC will post 2.06 EPS for the current fiscal year.

Kayne Anderson BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 31st. This represents a $1.60 dividend on an annualized basis and a yield of 10.20%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KBDC. Bank of America Corp DE grew its stake in Kayne Anderson BDC by 4,201.5% during the fourth quarter. Bank of America Corp DE now owns 989,008 shares of the company’s stock worth $16,358,000 after purchasing an additional 966,016 shares during the period. Requisite Capital Management LLC acquired a new stake in shares of Kayne Anderson BDC during the 4th quarter worth approximately $5,589,000. Corient Private Wealth LLC acquired a new stake in shares of Kayne Anderson BDC during the 4th quarter worth approximately $4,205,000. Sage Mountain Advisors LLC bought a new stake in shares of Kayne Anderson BDC in the 4th quarter valued at $3,359,000. Finally, Renaissance Technologies LLC lifted its position in shares of Kayne Anderson BDC by 584.4% during the 4th quarter. Renaissance Technologies LLC now owns 145,100 shares of the company’s stock valued at $2,400,000 after acquiring an additional 123,900 shares during the period.

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.