KBDC
Kayne Anderson BDCKBDC
KBDC
About: Kayne Anderson BDC Inc is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company that invests primarily in first-lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle-market companies. Its investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through debt investments in middle-market companies.
0
Funds holding %
of 7,398 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
625% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 4
400% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 2
181% more capital invested
Capital invested by funds: $23.7M [Q3] → $66.7M (+$42.9M) [Q4]
125% more funds holding
Funds holding: 20 [Q3] → 45 (+25) [Q4]
3.61% more ownership
Funds ownership: 2.06% [Q3] → 5.67% (+3.61%) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for KBDC.
Financial journalist opinion
Based on 10 articles about KBDC published over the past 30 days
Positive
Seeking Alpha
9 hours ago
Volatile Times But Stable Retirement Income: 1 BDC And 1 REIT To Buy
My core strategy focuses on high-quality, durable income streams, which are now benefiting from the current market conditions favoring value/income-based investing. Income investors may finally outperform growth-tilted indices due to macro-level factors muting growth expectations and emphasizing quality and defense. Yet, we have to still be careful of not falling into value traps and securities that have a thin margin of safety on their dividend fronts.
Negative
Seeking Alpha
2 days ago
Billionaire Investor Warns Of 'Significant Correction' And Buys High Yield: Our Picks
A leading hedge fund billionaire is increasingly bearish on the stock market—find out what he's buying instead. We discuss the overlooked strategy that smart money is betting on to crush stagflation risks. We share some of our top picks.
Negative
Seeking Alpha
3 days ago
How To Navigate BDC Investing In Lower Interest Rate Environment
Lower interest rates negatively impact BDCs' net investment income due to the floating rate nature of their loans tied to the Fed Funds rate. A typical BDC portfolio, with a debt to equity ratio of 1.0x, cannot fully offset lower rates through floating leverage. However, there are some ways to manage this situation.
Positive
Seeking Alpha
1 week ago
My BDC Portfolio And The Strategy For Alpha Going Forward
This is my first BDC portfolio monthly performance review article. The good news is that the portfolio has done its job, outperforming the two BDC benchmarks - PBDC and BIZD. Yet, on an absolute basis, the portfolio is slightly down.
Positive
Seeking Alpha
3 weeks ago
Kayne Anderson BDC: Still A Hold, But Discount And Fundamentals Are Attractive For Income-Focused Investors
Kayne Anderson BDC, despite a short track record, shows strong fundamentals with high first-lien loan exposure and diversified borrower portfolio, making it a defensive investment. Latest earnings report shows a slight decline in net investment income and top line, but dividend coverage remains strong at 120%, outperforming peers. Economic uncertainty and lower base rates limit upside potential for BDCs, prompting a hold rating for Kayne Anderson BDC and others in the sector.
Negative
Seeking Alpha
3 weeks ago
The Moment Of Truth For BDC Dividend Investors Is Close
As a structural BDC bull I have to admit that the period of BDCs consistently surprising us on the upside has come to an end. Many lower quality BDCs have already cut their dividends to sync their cash flows with less favorable private credit lending environment. I would say that the moment of truth for high quality BDCs is also very close, where we will see how really durable their base dividends are.
Positive
Seeking Alpha
3 weeks ago
Kayne Anderson BDC: Continuing To Show Its Potential For Growth
I maintain a buy rating on Kayne Anderson BDC due to its attractive financials, strong distribution coverage, and undervalued market price despite recent growth. KBDC's portfolio has grown impressively, with a fair value of $1.99B, and maintains a high starting dividend yield of 9.7%. The portfolio is well-structured with 98% first lien and 100% floating rate investments, providing both income generation and defensive measures.
Positive
Seeking Alpha
3 weeks ago
Two 9%+ Dividends Going From Bargains To Screaming Buys
The market has become more volatile. As it is usually the case, higher volatility tends to open interesting opportunity for long-term investors. In this article, I discuss two 9%+ yielding picks, which even before the uncertainty level spiked higher, were bargains, and now have become an even more attractive buys.
Positive
Seeking Alpha
4 weeks ago
A $5,000 Monthly Income Portfolio For A 'SWAN' Retirement
In this article, I share a three-category portfolio approach to achieve $5,000 of durable monthly current income streams. With durable monthly distributions, I mean well-mitigated dividend cut risk and inflation-protected income. I also provide concrete investment ideas that tick the necessary boxes for being included in the portfolio.
Positive
Seeking Alpha
4 weeks ago
Kayne Anderson BDC: Still Under The Radar, Still My Top 1 BDC
I issued a bullish thesis on Kayne Anderson BDC, Inc. in October 2024, making it my largest BDC holding. KBDC now consumes ~25% of my BDC portfolio, which I constructed for transparency and easy tracking for Seeking Alpha readers. Despite a recent dip post-Q4 2024 earnings (really driven by sector-wide decrease), KBDC's performance has been solid, aligning with the broader BDC market.
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