Kayne Anderson BDC (NYSE:KBDC) Reaches New 1-Year Low - Here's Why

Shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $15.56 and last traded at $15.75, with a volume of 414512 shares changing hands. The stock had previously closed at $16.32.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lowered their price target on Kayne Anderson BDC from $17.00 to $16.50 and set a "market perform" rating for the company in a report on Tuesday. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $17.20.

Kayne Anderson BDC Stock Up 4.9 %

The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average price of $16.71 and a two-hundred day moving average price of $16.57.

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

Kayne Anderson BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.60 annualized dividend and a yield of 10.44%.

Institutional Trading of Kayne Anderson BDC

A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in Kayne Anderson BDC by 4,201.5% during the 4th 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 in the last quarter. Requisite Capital Management LLC acquired a new position in shares of Kayne Anderson BDC during the fourth quarter worth about $5,589,000. Corient Private Wealth LLC purchased a new stake in shares of Kayne Anderson BDC during the fourth quarter worth approximately $4,205,000. Sage Mountain Advisors LLC acquired a new stake in Kayne Anderson BDC in the fourth quarter valued at approximately $3,359,000. Finally, Renaissance Technologies LLC lifted its stake in Kayne Anderson BDC by 584.4% in the fourth quarter. Renaissance Technologies LLC now owns 145,100 shares of the company's stock worth $2,400,000 after acquiring an additional 123,900 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.