Kayne Anderson BDC (NYSE:KBDC) Share Price Breaks Above 50-Day Moving Average – Time to Sell?

Kayne Anderson BDC, Inc. (NYSE:KBDC) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $12.94 and traded as high as $13.10. Kayne Anderson BDC shares last traded at $13.0550, with a volume of 210,846 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on KBDC shares. UBS Group lowered their price objective on Kayne Anderson BDC from $15.00 to $13.50 and set a “neutral” rating on the stock in a research report on Tuesday, September 1st. Royal Bank Of Canada reduced their target price on Kayne Anderson BDC from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Finally, Zacks Research raised Kayne Anderson BDC from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 13th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $14.50.

Kayne Anderson BDC Stock Up 1.4%

The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.16. The company has a market cap of $862.13 million, a PE ratio of 11.98 and a beta of 0.34. The company’s fifty day moving average is $12.94 and its 200-day moving average is $13.79.

Kayne Anderson BDC (NYSE:KBDC) last announced its earnings results on Monday, August 10th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $55.70 million during the quarter, compared to analyst estimates of $51.86 million. Kayne Anderson BDC had a net margin of 31.54% and a return on equity of 10.63%. On average, analysts predict that Kayne Anderson BDC, Inc. will post 1.61 EPS for the current year.

Kayne Anderson BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date was Wednesday, September 30th. Kayne Anderson BDC’s dividend payout ratio (DPR) is 146.79%.

Insider Activity at Kayne Anderson BDC

In other news, Director James Robo acquired 146,755 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The stock was bought at an average price of $13.03 per share, with a total value of $1,912,217.65. Following the completion of the acquisition, the director directly owned 766,716 shares of the company’s stock, valued at approximately $9,990,309.48. The trade was a 23.67% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired a total of 766,716 shares of company stock valued at $10,002,000 over the last three months. Insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Kayne Anderson BDC

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its stake in shares of Kayne Anderson BDC by 2.7% in the 1st quarter. Bank of America Corp DE now owns 5,565,223 shares of the company’s stock worth $76,355,000 after purchasing an additional 143,854 shares during the period. Requisite Capital Management LLC grew its position in Kayne Anderson BDC by 6.5% during the second quarter. Requisite Capital Management LLC now owns 645,130 shares of the company’s stock valued at $8,987,000 after buying an additional 39,385 shares during the period. Columbus Macro LLC boosted its stake in shares of Kayne Anderson BDC by 6.1% during the 3rd quarter. Columbus Macro LLC now owns 647,693 shares of the company’s stock worth $8,135,000 after acquiring an additional 36,957 shares during the last quarter. HB Wealth Management LLC boosted its stake in shares of Kayne Anderson BDC by 19.1% during the 2nd quarter. HB Wealth Management LLC now owns 280,189 shares of the company’s stock worth $3,791,000 after acquiring an additional 44,848 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Kayne Anderson BDC by 101.8% during the 1st quarter. Renaissance Technologies LLC now owns 145,322 shares of the company’s stock worth $1,994,000 after acquiring an additional 73,322 shares during the last quarter.

About Kayne Anderson BDC

Kayne Anderson BDC, Inc is a business development company that invests in privately held, middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by providing financing to businesses that may have limited access to traditional sources of capital.

Its investment activities primarily consist of loans and other debt investments, including senior secured, unitranche and subordinated debt. Kayne Anderson BDC may also make equity and equity-related investments in portfolio companies.