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 6,812 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
7%
upside
Avg. target
$18
7%
upside
High target
$18
7%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
RBC Capital Kenneth Lee 71% 1-year accuracy 46 / 65 met price target | 7%upside $18 | Outperform Maintained | 18 Nov 2024 |
Financial journalist opinion
Based on 6 articles about KBDC published over the past 30 days
Negative
Seeking Alpha
1 day 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
6 days 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
2 weeks 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
2 weeks 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.
Positive
Seeking Alpha
2 weeks ago
Kayne Anderson: Defensive BDC Overlooked By The Market
KBDC offers a solid 9.6% regular yield, with strong dividend coverage and low non-accruals at 1%, making it a defensive BDC. The portfolio is highly diversified, focused on first-lien senior secured debt, ensuring high repayment priority supported by low borrower/industry concentration risk. Despite sensitivity to interest rate changes, KBDC's dividend coverage remains robust unless rates drop by 175 bps, which is highly unlikely in the near term.
Neutral
Seeking Alpha
3 weeks ago
Who Said ~ 9% Yields Cannot Grow Further? Consider These 2 Picks
Usually, high yields come with high chances of falling into a value trap. It is very difficult to find truly protected yields. It is even more difficult to combine yield protection with income growth.
Neutral
Business Wire
1 month ago
Kayne Anderson BDC, Inc. Announces Amendment of its Corporate Credit Facility to Extend the Maturity Date and Reduce Borrowing Costs
CHICAGO--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (NYSE: KBDC) (“KBDC”) (the “Company”) announced the amendment of its senior secured revolving credit facility (the “Corporate Credit Facility”). The amendment added a new lender and extended the maturity date on the existing $400 million of aggregate commitments to November 22, 2029. An additional commitment of $75 million has a maturity date of February 18, 2027. The Corporate Credit Facility allows the Company, under certain circumstances, to.
Neutral
Zacks Investment Research
1 month ago
2 SBIC & Commercial Finance Stocks to Buy Amid Industry Challenges
Weak asset quality is a near-term headwind for the Zacks SBIC & Commercial Finance industry. Yet, a rise in financing demand across sectors as rates come down will support companies like Kayne Anderson (KBDC) and Bain Capital (BCSF).
Neutral
Business Wire
1 month ago
Kayne Anderson BDC, Inc. Announces September 30, 2024 Financial Results and Declares Fourth Quarter 2024 Dividend of $0.40 Per Share
CHICAGO--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (NYSE: KBDC) (“KBDC or the Company”), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, today announced its financial results for the third quarter ended September 30, 2024. “We are pleased to report strong origination activity during the third quarter,” said Doug Goodwillie, Co-Chief Executive Officer. “Origination volumes have picked-up substantially during 2024 and we see this pace continui.
Negative
Seeking Alpha
2 months ago
BDC Weekly Review: Dividend Capture Is A Tough Gig
We take a look at the action in business development companies through the second week of October and highlight some of the key themes we are watching. BDCs were down on the week, with PSEC and TPVG underperforming. GAIN's large special dividend led to a significant stock rally pre-ex-div date; the dividend capture strategy proved ineffective, as the stock opened down more than the dividend.
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