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KBDC
Upturn stock ratingUpturn stock rating

Kayne Anderson BDC, Inc. (KBDC)

Upturn stock ratingUpturn stock rating
$15.33
Last Close (24-hour delay)
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PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
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Upturn Advisory Summary

08/14/2025: KBDC (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

5 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $16.5

1 Year Target Price $16.5

Analysts Price Target For last 52 week
$16.5 Target price
52w Low $13.49
Current$15.33
52w High $16.9

Analysis of Past Performance

Type Stock
Historic Profit 3.46%
Avg. Invested days 74
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.08B USD
Price to earnings Ratio 9.12
1Y Target Price 16.5
Price to earnings Ratio 9.12
1Y Target Price 16.5
Volume (30-day avg) 5
Beta -
52 Weeks Range 13.49 - 16.90
Updated Date 08/15/2025
52 Weeks Range 13.49 - 16.90
Updated Date 08/15/2025
Dividends yield (FY) -
Basic EPS (TTM) 1.68

Earnings Date

Report Date 2025-08-12
When -
Estimate 0.4019
Actual 0.4

Profitability

Profit Margin -
Operating Margin (TTM) -

Management Effectiveness

Return on Assets (TTM) -
Return on Equity (TTM) -

Valuation

Trailing PE 9.12
Forward PE 9.54
Enterprise Value -
Price to Sales(TTM) 9.43
Enterprise Value -
Price to Sales(TTM) 9.43
Enterprise Value to Revenue 18.37
Enterprise Value to EBITDA -
Shares Outstanding 70577000
Shares Floating -
Shares Outstanding 70577000
Shares Floating -
Percent Insiders 27.11
Percent Institutions 34.45

ai summary icon Upturn AI SWOT

Kayne Anderson BDC, Inc.

stock logo

Company Overview

overview logo History and Background

Kayne Anderson BDC, Inc., formerly known as TCP Capital Corp., is a publicly traded business development company (BDC) founded in 2011. It focuses on providing financing solutions to middle-market companies. Significant milestones include its initial public offering (IPO) and subsequent growth through investments and acquisitions.

business area logo Core Business Areas

  • Direct Lending: Provides senior secured loans, junior secured loans, and unitranche loans to middle-market companies. Focuses on generating current income and capital appreciation.
  • Equity Investments: Makes strategic equity investments, often alongside debt investments, to participate in the growth potential of portfolio companies.

leadership logo Leadership and Structure

The leadership team consists of seasoned investment professionals with experience in credit markets and private equity. The company operates with a board of directors that provides oversight and guidance.

Top Products and Market Share

overview logo Key Offerings

  • Senior Secured Loans: Primarily offers first-lien senior secured loans to middle-market companies. Competitors include Ares Capital Corporation and Prospect Capital Corporation. Market share data is not directly disclosed in the annual report but competes in the BDC marketplace with an estimated percentage of the BDC market of about 2%.
  • Unitranche Loans: Provides unitranche loans, which combine characteristics of senior and subordinated debt, to offer flexible financing solutions. Competitors include Golub Capital BDC and Owl Rock Capital Corporation. The company estimates about 15% of their portfolio are unitranche loans as of the most recent year end filings.

Market Dynamics

industry overview logo Industry Overview

The BDC industry is highly competitive, characterized by numerous firms seeking to provide financing to middle-market companies. Demand for capital is influenced by economic conditions, interest rates, and regulatory changes.

Positioning

Kayne Anderson BDC, Inc. positions itself as a provider of flexible financing solutions to middle-market companies. Its competitive advantages include its experienced investment team and established relationships with borrowers. The company focuses on investing in resilient and growing businesses, providing downside protection and attractive risk-adjusted returns.

Total Addressable Market (TAM)

The total addressable market for middle-market lending is estimated in the hundreds of billions of dollars annually. Kayne Anderson BDC, Inc. is positioned to capture a portion of this market through its targeted lending strategies and relationships.

Upturn SWOT Analysis

Strengths

  • Experienced management team
  • Diversified investment portfolio
  • Strong underwriting standards
  • Established relationships with borrowers
  • Proven track record of generating attractive risk-adjusted returns

Weaknesses

  • Reliance on external management
  • Exposure to interest rate fluctuations
  • Credit risk associated with middle-market lending
  • Potential for regulatory changes affecting BDCs
  • Market competition.

Opportunities

  • Expanding investment portfolio through strategic acquisitions
  • Increasing market share in the middle-market lending space
  • Capitalizing on favorable interest rate environments
  • Diversifying funding sources
  • Entering new markets or industries

Threats

  • Economic downturns leading to increased defaults
  • Rising interest rates impacting borrower's ability to repay debt
  • Increased competition from other BDCs and alternative lenders
  • Changes in regulations impacting BDC operations
  • Geopolitical risks and market volatility

Competitors and Market Share

competitor logo Key Competitors

  • ARCC
  • ORCC
  • BXSL

Competitive Landscape

Kayne Anderson BDC, Inc. faces intense competition from larger and more established BDCs. The company differentiates itself through its industry expertise, underwriting discipline, and focus on building long-term relationships with borrowers.

Growth Trajectory and Initiatives

Historical Growth: Kayne Anderson BDC, Inc. has experienced moderate growth in its investment portfolio over the past years, driven by increased lending activity. However, earnings have been volatile.

Future Projections: Analyst estimates suggest continued growth in the BDC's investment portfolio, but earnings projections are uncertain due to market conditions. Recent reports give a buy rating with a target price of around $14 per share.

Recent Initiatives: Recent initiatives include expanding its lending relationships, focusing on sectors such as healthcare and technology, and optimizing its capital structure.

Summary

Kayne Anderson BDC, Inc. is a player in the BDC industry. Strengths include an experienced management team and diversified portfolio, but weaknesses include reliance on external management and exposure to interest rate risk. Opportunities lie in portfolio expansion and market share growth, while threats include economic downturns and increased competition. Overall, the company's future performance is dependent on its ability to navigate a competitive market and maintain strong underwriting standards.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SEC filings
  • Company website
  • Analyst reports

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Market share data is based on estimated percentages within the BDC marketplace and does not represent precise figures. Investors should conduct their own due diligence before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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 -
Full time employees -

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.