Kayne Anderson BDC (NYSE:KBDC) Given New $16.50 Price Target at Keefe, Bruyette & Woods

Kayne Anderson BDC (NYSE:KBDC - Free Report) had its price objective cut by Keefe, Bruyette & Woods from $17.00 to $16.50 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a market perform rating on the stock.

Kayne Anderson BDC Stock Performance

KBDC stock traded up $0.32 during midday trading on Tuesday, reaching $15.14. 244,954 shares of the company's stock traded hands, compared to its average volume of 86,926. 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 $16.62 and a two-hundred day simple moving average of $16.56. Kayne Anderson BDC has a 1-year low of $13.93 and a 1-year high of $17.99.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last released its quarterly earnings results on Monday, March 3rd. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. As a group, research analysts predict that Kayne Anderson BDC will post 2.06 EPS for the current fiscal year.

Kayne Anderson BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.57%. The ex-dividend date of this dividend is Monday, March 31st.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in shares of Kayne Anderson BDC during the third quarter worth $44,000. CIBC Private Wealth Group LLC bought a new stake in Kayne Anderson BDC during the 4th quarter worth about $46,000. Cerity Partners LLC acquired a new position in Kayne Anderson BDC during the 4th quarter valued at about $170,000. Perigon Wealth Management LLC acquired a new position in Kayne Anderson BDC during the 4th quarter valued at about $169,000. Finally, BIP Wealth LLC bought a new position in shares of Kayne Anderson BDC in the 4th quarter valued at about $168,000.

About Kayne Anderson BDC

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.