
KBDC Stock Forecast & Price Target
KBDC Analyst Ratings
Bulls say
Kayne Anderson BDC reported new investment spreads in the first quarter at S+549bps, which management believes surpasses industry averages due to favorable dynamics in the middle-market segment. Although there was a slight increase in non-accruals to 2.3% of the portfolio, this uptick from 1.6% in the previous quarter is not overly concerning given the overall credit performance considerations. Furthermore, leverage rose to 0.86x debt/equity, exceeding prior estimates and indicating a robust capacity for debt utilization compared to the previous quarter's 0.72x.
Bears say
Kayne Anderson BDC experienced a decrease in the weighted average yield on debt investments, declining from 10.7% in the previous quarter to 10.4%, which could indicate weakening revenue generation capabilities. The company also faces potential challenges from a projected 3% incremental realized credit losses in its investment portfolio due to an anticipated downturn in the credit cycle, alongside a lower than expected leverage ratio due to a slower portfolio ramp-up. Additionally, a downside valuation scenario suggests that economic factors may lead to a decline in average asset yields, further impacting the company's financial health.
This aggregate rating is based on analysts' research of Kayne Anderson BDC Inc and is not a guaranteed prediction by Public.com or investment advice.
KBDC Analyst Forecast & Price Prediction
Start investing in KBDC
Order type
Buy in
Order amount
Est. shares
0 shares