Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Valuation
Upturn AI SWOT - About
KBDC 
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
10/15/2025: 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
5 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $16.2
1 Year Target Price $16.2
| 2 | Strong Buy |
| 1 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 3.35% | Avg. Invested days 74 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/15/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 969.02M USD | Price to earnings Ratio 8.17 | 1Y Target Price 16.2 |
Price to earnings Ratio 8.17 | 1Y Target Price 16.2 | ||
Volume (30-day avg) 5 | Beta - | 52 Weeks Range 13.06 - 16.40 | Updated Date 10/17/2025 |
52 Weeks Range 13.06 - 16.40 | Updated Date 10/17/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.68 |
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 8.17 | Forward PE 8.76 | Enterprise Value - | Price to Sales(TTM) 8.26 |
Enterprise Value - | Price to Sales(TTM) 8.26 | ||
Enterprise Value to Revenue 17.22 | Enterprise Value to EBITDA - | Shares Outstanding 70576976 | Shares Floating - |
Shares Outstanding 70576976 | Shares Floating - | ||
Percent Insiders 27.11 | Percent Institutions 35.26 |
Upturn AI SWOT
Kayne Anderson BDC, Inc.
Company Overview
History and Background
Kayne Anderson BDC, Inc. is a specialty finance company that invests primarily in middle-market companies. It aims to generate current income and capital appreciation by providing customized financing solutions. The company was formerly known as Portman Ridge Finance Corporation and changed its name to Kayne Anderson BDC, Inc. in September 2022. The company's investment portfolio focuses on direct lending to privately held middle-market companies in North America.
Core Business Areas
- Direct Lending: Providing senior secured loans, mezzanine debt, and other types of financing to middle-market companies.
- Investment Portfolio Management: Actively managing its portfolio of investments to maximize returns and minimize risk.
Leadership and Structure
The leadership team consists of executives with experience in investment management and finance. The company is structured as a business development company (BDC) and is externally managed by Kayne Anderson Capital Advisors, L.P.
Top Products and Market Share
Key Offerings
- Senior Secured Loans: Primarily invests in senior secured loans of middle-market companies. These loans are typically secured by the assets of the borrower. Market share data is difficult to obtain specifically for Kayne Anderson BDC, Inc. but the BDC industry is highly fragmented. Competitors include other BDCs such as Ares Capital Corporation (ARCC), and Main Street Capital (MAIN).
- Mezzanine Debt: Also provides mezzanine debt financing, which is typically subordinate to senior secured loans. Market share data is difficult to obtain specifically for Kayne Anderson BDC, Inc. but the BDC industry is highly fragmented. Competitors include other BDCs such as Ares Capital Corporation (ARCC), and Main Street Capital (MAIN).
Market Dynamics
Industry Overview
The BDC industry provides capital to small and medium-sized businesses that may not have access to traditional financing sources. The industry is subject to regulatory oversight and is influenced by economic conditions and interest rate environments.
Positioning
Kayne Anderson BDC, Inc. is positioned as a specialty finance company focused on direct lending to middle-market companies. Its competitive advantages may include its experienced management team and its ability to provide customized financing solutions.
Total Addressable Market (TAM)
The TAM for middle-market lending is substantial, estimated to be in the hundreds of billions of dollars. Kayne Anderson BDC, Inc. aims to capture a portion of this market through its direct lending activities.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Focus on direct lending to middle-market companies
- Ability to provide customized financing solutions
- Diversified investment portfolio
Weaknesses
- Reliance on external management
- Exposure to credit risk
- Dependence on capital markets for funding
- Smaller market capitalization compared to larger BDCs
Opportunities
- Growing demand for financing from middle-market companies
- Potential for increased investment income as interest rates rise
- Expansion into new industry sectors or geographic regions
- Strategic acquisitions of other BDCs or investment platforms
Threats
- Economic downturns or recessions
- Increased competition from other BDCs and alternative lenders
- Changes in regulations affecting BDCs
- Rising interest rates that could negatively impact borrowers
Competitors and Market Share
Key Competitors
- ARCC
- MAIN
- TCPC
- HTGC
Competitive Landscape
Kayne Anderson BDC, Inc. competes with other BDCs and alternative lenders for investment opportunities. Its ability to source attractive deals and manage credit risk will be key to its success. Smaller market cap than larger competitors.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been reliant on its investment portfolio performance and overall market conditions. Information can be found by analyzing past annual reports which are time sensitive.
Future Projections: Future projections are dependent on market and portfolio company performance, and can be sourced from financial analysts which are time sensitive.
Recent Initiatives: Recent initiatives can be found in the companies most recent press releases and SEC filings. These will also contain strategic information and any information which is time sensitive.
Summary
Kayne Anderson BDC, Inc. is a specialty finance company focusing on middle-market lending. Its strengths include an experienced management team and customized financing solutions, while weaknesses involve reliance on external management and capital market dependence. Opportunities exist in growing middle-market demand and rising interest rates, but threats include economic downturns and increasing competition. Financial performance is key to monitor, relying on portfolio performance and macroeconomic conditions.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings (10-K, 10-Q, 8-K)
- Financial News Outlets
- Investor Relations Materials
Disclaimers:
The information provided is for informational purposes only and should not be construed as investment advice. Market share estimates are approximate and may vary based on the source and methodology used. Financial data and projections are subject to change and should be independently verified.
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.