Kayne Anderson BDC: Close To Being My Favorite Defensive BDC Pick [Seeking Alpha]
Kayne Anderson BDC, Inc. (KBDC)
Company Research
Source: Seeking Alpha
6.11K Follower s Follow Play 6min Summary Kayne Anderson BDC, Inc. is a new business development company with an NAV of $1.2 billion, trading at a 3% discount and offering a ~10% dividend yield. Kayne Anderson's portfolio is 98% first-lien senior secured loans backed by private equity sponsors, ensuring high defense and robust credit quality. KBDC boasts the lowest debt-to-equity ratio in the BDC space at 0.52x, with strong NII per share levels covering dividends by 127%. Despite sector-level risks, KBDC's solid fundamentals, conservative leverage, and consistent net investment activity make it an attractive choice for BDC investors. Hiroshi Watanabe Kayne Anderson BDC, Inc. NYSE: KBDC ) is a very new business development company, or BDC, in public markets, where the IPO took place as recently as in May this year. Even though it was formally established in 2021 and the IPO date was just several months ago, the total NAV base is not that small. As of now, it stands
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KBDC
News
- Kayne Anderson BDC, Inc. Announces Amendment of its Corporate Credit Facility to Extend the Maturity Date and Reduce Borrowing Costs [Yahoo! Finance]Yahoo! Finance
- Kayne Anderson BDC, Inc. Announces Amendment of its Corporate Credit Facility to Extend the Maturity Date and Reduce Borrowing CostsBusiness Wire
- Zacks Industry Outlook Highlights Kayne Anderson BDC and Bain Capital [Yahoo! Finance]Yahoo! Finance
- 2 SBIC & Commercial Finance Stocks to Buy Amid Industry Challenges [Yahoo! Finance]Yahoo! Finance
- Kayne Anderson BDC, Inc. (NYSE: KBDC) had its price target raised by analysts at Royal Bank of Canada from $17.00 to $18.00. They now have an "outperform" rating on the stock.MarketBeat
KBDC
Sec Filings
- 12/19/24 - Form 4
- 11/26/24 - Form 8-K
- 11/21/24 - Form 40-17G
- KBDC's page on the SEC website