Kayne Anderson BDC (NYSE:KBDC) Trading Down 1.5% – Should You Sell?

Kayne Anderson BDC, Inc. (NYSE:KBDC)’s stock price fell 1.5% during mid-day trading on Friday . The company traded as low as $13.63 and last traded at $13.7050. Approximately 332,006 shares were traded during trading, an increase of 20% from the average daily volume of 276,693 shares. The stock had previously closed at $13.92.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KBDC shares. UBS Group upped their target price on Kayne Anderson BDC from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Wells Fargo & Company reissued an “equal weight” rating and set a $14.00 price target (down from $15.00) on shares of Kayne Anderson BDC in a report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Kayne Anderson BDC currently has an average rating of “Moderate Buy” and a consensus target price of $15.12.

Kayne Anderson BDC Price Performance

The firm has a market capitalization of $909.33 million, a price-to-earnings ratio of 10.71 and a beta of 0.30. The company’s 50 day moving average is $14.19 and its 200 day moving average is $14.20. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.04.

Kayne Anderson BDC (NYSE:KBDC) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. The business had revenue of $24.86 million during the quarter, compared to analysts’ expectations of $52.40 million. Kayne Anderson BDC had a net margin of 37.30% and a return on equity of 10.47%. On average, equities research analysts anticipate that Kayne Anderson BDC, Inc. will post 1.62 earnings per share for the current fiscal year.

Kayne Anderson BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.60 annualized dividend and a dividend yield of 11.7%. Kayne Anderson BDC’s dividend payout ratio (DPR) is currently 125.00%.

Institutional Investors Weigh In On Kayne Anderson BDC

Several institutional investors have recently made changes to their positions in the stock. Koch Inc. acquired a new stake in Kayne Anderson BDC during the second quarter worth approximately $185,887,000. State of Michigan Retirement System bought a new stake in shares of Kayne Anderson BDC during the 4th quarter valued at $94,036,000. Bank of America Corp DE lifted its position in shares of Kayne Anderson BDC by 2.7% during the 1st quarter. Bank of America Corp DE now owns 5,565,223 shares of the company’s stock valued at $76,355,000 after acquiring an additional 143,854 shares during the period. Pathstone Holdings LLC grew its holdings in shares of Kayne Anderson BDC by 612.8% during the 3rd quarter. Pathstone Holdings LLC now owns 1,446,054 shares of the company’s stock worth $19,261,000 after purchasing an additional 1,243,181 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new stake in shares of Kayne Anderson BDC during the 4th quarter worth $11,804,000.

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.