Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Valuation
- Analyst Ratings
Upturn AI SWOT - About
Kayne Anderson BDC, Inc. (KBDC)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
06/30/2025: KBDC (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
Analysts rated it
Well-followed company, solid analyst reports, reliable data for confident investing.
1 Year Target Price $16.4
1 Year Target Price $16.4
| 2 | Strong Buy |
| 1 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 7.2% | Avg. Invested days 128 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  5.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 06/30/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.11B USD | Price to earnings Ratio 8.86 | 1Y Target Price 16.4 |
Price to earnings Ratio 8.86 | 1Y Target Price 16.4 | ||
Volume (30-day avg) - | Beta - | 52 Weeks Range 13.84 - 17.34 | Updated Date 06/29/2025 |
52 Weeks Range 13.84 - 17.34 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 10.20% | Basic EPS (TTM) 1.77 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) - |
Valuation
Trailing PE 8.86 | Forward PE 9.77 | Enterprise Value - | Price to Sales(TTM) 9.36 |
Enterprise Value - | Price to Sales(TTM) 9.36 | ||
Enterprise Value to Revenue 17.97 | Enterprise Value to EBITDA - | Shares Outstanding 70883296 | Shares Floating - |
Shares Outstanding 70883296 | Shares Floating - | ||
Percent Insiders 26.99 | Percent Institutions 25.01 |
Analyst Ratings
Rating 4 | Target Price 16.4 | Buy 1 | Strong Buy 2 |
Buy 1 | Strong Buy 2 | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Kayne Anderson BDC, Inc.
Company Overview
History and Background
Kayne Anderson BDC, Inc. (KBDC) focuses on providing financing solutions primarily to privately held middle market companies in the United States. Founded as Portman Ridge Finance Corporation in 2014, it rebranded to Kayne Anderson BDC in 2024, reflecting its affiliation with Kayne Anderson Capital Advisors.
Core Business Areas
- Direct Lending: Providing senior secured loans, unitranche loans, and mezzanine debt to middle market companies.
- Equity Investments: Making strategic equity investments, often alongside debt financing, to enhance returns.
Leadership and Structure
Kevin McCarthy serves as the CEO. The company operates as a BDC, regulated under the Investment Company Act of 1940.
Top Products and Market Share
Key Offerings
- Senior Secured Loans: These are first-lien loans to middle market companies. Market share within BDC lending is fragmented; KBDC's specific market share is difficult to pinpoint precisely but would be in the low single digits. Competitors include Ares Capital and Owl Rock Capital.
- Unitranche Loans: These loans combine features of senior and subordinated debt. The middle market lending space is competitive. Specific market share figures are not readily available. Competitors include Golub Capital and HPS Investment Partners.
Market Dynamics
Industry Overview
The BDC industry is growing, driven by increased demand for private credit from middle market companies and regulatory changes that favor BDCs. Higher interest rates impact both borrowing costs and BDC revenue.
Positioning
KBDC positions itself as a provider of flexible capital solutions to middle market companies, leveraging the expertise of Kayne Anderson. Competitive advantages include its relationship with Kayne Anderson Capital Advisors and focus on specific industry sectors.
Total Addressable Market (TAM)
The US middle market lending TAM is estimated to be in the hundreds of billions of dollars. KBDC is positioned to capture a small but significant portion of this TAM.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Relationship with Kayne Anderson Capital Advisors
- Diversified investment portfolio
- Focus on middle market lending
- Access to capital markets
Weaknesses
- Relatively small size compared to larger BDCs
- Exposure to credit risk in middle market lending
- Dependence on external management
- Shareholder dilution concerns
- Sensitivity to interest rate fluctuations
Opportunities
- Growing demand for private credit
- Expansion into new industry sectors
- Strategic acquisitions
- Increase in net investment income with higher interest rates
- Growing their AUM
Threats
- Economic recession
- Increased competition in the BDC industry
- Rising interest rates
- Regulatory changes
- Credit defaults
Competitors and Market Share
Key Competitors
- ARCC
- BXSL
- OCSL
- TPVG
- TGBD
Competitive Landscape
KBDC is smaller than some of its competitors, but can offer more flexible capital solutions. KBDC benefits from its relationship with Kayne Anderson, but faces competition from larger, more established BDCs.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by portfolio expansion and strategic acquisitions. Performance depends on market conditions and credit quality.
Future Projections: Future projections depend on market conditions, interest rates, and KBDC's ability to deploy capital effectively. Analyst estimates are available from financial news providers.
Recent Initiatives: Recent initiatives include strategic portfolio management and expansion into new investment areas.
Summary
Kayne Anderson BDC focuses on middle market lending, leveraging its relationship with Kayne Anderson Capital Advisors. While its smaller size presents some challenges, strategic initiatives and portfolio management are strengths. Threats include economic downturns and increased competition. KBDC is positioned to benefit from the increasing demand for private credit.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings (10-K, 10-Q)
- Company Website
- Financial News Providers (e.g., Yahoo Finance, Google Finance)
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Financial data and market share estimates are subject to change. Past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Kayne Anderson BDC, Inc.
Exchange NYSE | Headquaters Houston, TX, United States | ||
IPO Launch date 2024-05-22 | Co-CEO & Co-Chief Investment Officer Mr. Douglas L. Goodwillie | ||
Sector Financial Services | Industry Asset Management | Full time employees - | Website https://kaynebdc.com |
Full time employees - | Website https://kaynebdc.com | ||
Kayne Anderson BDC, Inc. is business development company and an externally managed, closed-end, non-diversified management investment company that intends to elect to be regulated as a BDC under the 1940 Act. The fund seeks to make investments in middle-market companies. It also makes debt investments in middle-market companies and investing primarily in first lien senior secured, unitranche, and split-lien loans to privately held middle-market companies. The fund considers between 80% and 90% of its portfolio (including investments purchased with proceeds from borrowings) will be invested in first lien senior secured, unitranche and split-lien term loans. The remaining 10% to 20% of its portfolio will be invested in higher-yielding investments, including, but not limited to, second lien loans, last-out or subordinated loans, non-investment grade broadly syndicated leveraged loans, high-yield bonds, structured products (including CLO liabilities), real estate related debt securities, equity securities purchased in conjunction with debt investments and other opportunistic investments.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.