Kayne Anderson BDC (NYSE:KBDC) Sets New 52-Week Low - Should You Sell?

Shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $13.93 and last traded at $15.33, with a volume of 283168 shares trading hands. The stock had previously closed at $14.61.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lowered their price target on shares of Kayne Anderson BDC from $17.00 to $16.50 and set a "market perform" rating for the company in a research report 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. Based on data from MarketBeat, Kayne Anderson BDC presently has an average rating of "Moderate Buy" and a consensus target price of $17.20.

Kayne Anderson BDC Stock Up 1.7 %

The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a 50 day moving average price of $16.58 and a 200-day moving average price of $16.55.

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

Kayne Anderson BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 10.31%. The ex-dividend date is Monday, March 31st.

Institutional Trading of Kayne Anderson BDC

A number of institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets bought a new stake in shares of Kayne Anderson BDC in the third quarter worth $44,000. CIBC Private Wealth Group LLC bought a new position in Kayne Anderson BDC in the fourth quarter valued at approximately $46,000. BIP Wealth LLC acquired a new position in shares of Kayne Anderson BDC during the 4th quarter worth approximately $168,000. Perigon Wealth Management LLC bought a new stake in shares of Kayne Anderson BDC during the 4th quarter worth approximately $169,000. Finally, Cerity Partners LLC acquired a new stake in shares of Kayne Anderson BDC in the 4th 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.