KBDC
Kayne Anderson BDCKBDC
KBDC
About: Kayne Anderson BDC Inc is 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 6,831 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
133% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 3
25% more funds holding
Funds holding: 16 [Q2] → 20 (+4) [Q3]
7% more capital invested
Capital invested by funds: $22.3M [Q2] → $23.7M (+$1.49M) [Q3]
0.1% more ownership
Funds ownership: 1.96% [Q2] → 2.06% (+0.1%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$18
5%
upside
Avg. target
$18
5%
upside
High target
$18
5%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
RBC Capital Kenneth Lee 76% 1-year accuracy 45 / 59 met price target | 5%upside $18 | Outperform Maintained | 18 Nov 2024 |
Financial journalist opinion
Based on 6 articles about KBDC published over the past 30 days
Neutral
Business Wire
3 hours ago
Kayne Anderson BDC, Inc. Announces Fourth Quarter 2024 Earnings Release and Conference Call
CHICAGO--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (NYSE: KBDC) (“KBDC”), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, announced today that it will release its financial results for the fourth quarter ended December 31, 2024 on Monday, March 3, 2025, after the close of financial markets. KBDC will host a conference call at 10:00 am ET on Tuesday, March 4, 2025, to review its financial results. All interested parties are invited to partici.
Negative
Seeking Alpha
4 days ago
Steeper Yield Curve And BDCs: This Is What You Have To Know
The past couple of months, which include the steepening of the yield curve, have been positive for BDCs. However, higher long-term rates and a steeper yield curve create a net negative effect for BDC fundamentals. In this article, I explain the recent divergence between BDC prices and the worsening interest rate environment.
Positive
Seeking Alpha
5 days ago
2 High Yield BDCs With Exceptional Value To Price Ratio
BDC investing is primarily about income with less emphasis on growth. One way to activate the second (price appreciation) component is through investing in heavily discounted BDCs. The other, more prudent approach is to invest in high-quality BDCs that should deserve higher premium, where from a price-to-value convergence, investors could enhance the total return performance.
Positive
Seeking Alpha
2 weeks ago
Kayne Anderson BDC: Investment Activity And Share Repurchase Plan Can Lead To Growth
Kayne Anderson BDC offers a high dividend yield of 9.6% and focuses on middle market companies, aiming for high current income and capital appreciation. KBDC's diverse $1.9B portfolio, with no single borrower exceeding 2.2%, minimizes concentration risk and benefits from floating rate investments. Strong financials with net investment income of $0.52 per share and low non-accrual rates highlight management's effective underwriting and portfolio quality.
Positive
Seeking Alpha
2 weeks ago
An 8%+ Retirement Income Cocktail Of: 1 BDC, 1 MLP, And 1 ETF
The usual sweet spot range for high and durable income is 6-8%. Anything above that tends to come with unfavorable financial risk. Yet, by being selective and careful, 8%+ exceptions can be found.
Positive
Seeking Alpha
4 weeks ago
My Top 10 BDCs For 2025
Despite expected interest rate declines, BDCs are poised for strong performance in 2025 due to potential rate hikes and inflation uncertainties. BDCs provide capital to small businesses, have high yields, and are sensitive to interest rate changes, making them attractive for dividend-focused investors. Top BDCs like Ares Capital, Main Street Capital, and Blackstone Secured Lending show strong fundamentals, conservative management, and solid balance sheets.
Negative
Seeking Alpha
1 month ago
Very Bad News For BDCs, But There Is A Solution
BDCs are currently exposed to multiple structural headwinds. It is very difficult to substantiate a bullish case for the BDC sector. In my view, to achieve alpha, one would have to go far out on the risk curve.
Positive
Seeking Alpha
1 month ago
Worried About Higher For Longer? Sleep Well With This 7%-Yielding Portfolio
The threat of higher inflation and interest rates for longer has sent the market into turmoil. However, high yield investors have nothing to fear from this development. We share a 7%-yielding portfolio that is well-positioned to weather the current macro environment.
Positive
Seeking Alpha
1 month ago
10% Yields: 2 Well-Covered Big Dividends The Market Is Sleeping On
The market rarely offers 10%+ yielding common equities that have a low risk of facing a cut. However, once in a while it offers up compelling opportunities like this. I share two 10%+ yields that are well-covered, and the market appears to be sleeping on them.
Positive
Seeking Alpha
1 month ago
Invest In $95,000 BDC Portfolio For $10,000 Annual Income And Durable Compounding
Private credit/BDC investments offer exposure to structural growth and a significant portfolio yield enhancement. Yet, we have to be extra careful of not falling into value traps and investing in unsustainable yields, which are abundant in the inherently risky sector. In this article, I share a BDC portfolio that has ~10.5% yield, healthier fundamentals than the average in the space, and, importantly, meaningful price appreciation potential.
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