Insider Buying: Kayne Anderson BDC (NYSE:KBDC) Director Acquires 1,000 Shares of Stock

Kayne Anderson BDC, Inc. (NYSE:KBDC) Director George Marucci, Jr. purchased 1,000 shares of Kayne Anderson BDC stock in a transaction on Wednesday, March 4th. The stock was bought at an average cost of $13.96 per share, with a total value of $13,960.00. Following the transaction, the director directly owned 1,000 shares of the company’s stock, valued at approximately $13,960. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Kayne Anderson BDC Stock Up 0.2%

Shares of NYSE KBDC traded up $0.03 during mid-day trading on Thursday, reaching $13.89. 263,354 shares of the company traded hands, compared to its average volume of 374,320. The company’s fifty day moving average is $14.27 and its two-hundred day moving average is $14.49. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.46 and a current ratio of 1.26. Kayne Anderson BDC, Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $16.98. The stock has a market cap of $930.35 million, a PE ratio of 10.44 and a beta of 0.23.

Kayne Anderson BDC (NYSE:KBDC) last announced its quarterly earnings results on Monday, March 2nd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Kayne Anderson BDC had a return on equity of 10.23% and a net margin of 39.74%.The company had revenue of ($25.53) million for the quarter, compared to the consensus estimate of $56.48 million. On average, analysts expect that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current year.

Kayne Anderson BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.60 dividend on an annualized basis and a yield of 11.5%. Kayne Anderson BDC’s payout ratio is currently 105.96%.

Analysts Set New Price Targets

KBDC has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Kayne Anderson BDC from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Wednesday. Royal Bank Of Canada reduced their price target on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Kayne Anderson BDC from $16.00 to $15.50 and set an “outperform” rating on the stock in a report on Wednesday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.13.

Hedge Funds Weigh In On Kayne Anderson BDC

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Koch Inc. acquired a new position in Kayne Anderson BDC during the second quarter worth $185,887,000. State of Michigan Retirement System bought a new stake in shares of Kayne Anderson BDC in the 4th quarter worth about $94,036,000. Bank of America Corp DE increased its position in shares of Kayne Anderson BDC by 180.1% during the 2nd quarter. Bank of America Corp DE now owns 4,596,731 shares of the company’s stock worth $70,146,000 after purchasing an additional 2,955,661 shares in the last quarter. Pathstone Holdings LLC lifted its holdings in Kayne Anderson BDC by 612.8% during the 3rd quarter. Pathstone Holdings LLC now owns 1,446,054 shares of the company’s stock valued at $19,261,000 after purchasing an additional 1,243,181 shares during the last quarter. Finally, Van ECK Associates Corp bought a new position in Kayne Anderson BDC during the 4th quarter valued at about $11,804,000.

Kayne Anderson BDC Company Profile

Kayne Anderson BDC, Inc (NYSE: KBDC) is a closed-end, non-diversified management investment company structured as a business development company under the Investment Company Act of 1940. The firm focuses on providing bespoke financing solutions to U.S. middle-market companies, offering first-lien and second-lien secured loans, unitranche facilities, mezzanine debt and selected equity co-investments. KBDC targets businesses with EBITDA profiles generally ranging from $10 million to $100 million, aiming to generate attractive income and potential capital appreciation for shareholders.

The company’s portfolio spans a variety of sectors, including healthcare, technology, energy services, consumer products and industrials.