George Marucci, Jr. Buys 9,000 Shares of Kayne Anderson BDC (NYSE:KBDC) Stock

Kayne Anderson BDC, Inc. (NYSE:KBDC) Director George Marucci, Jr. acquired 9,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average cost of $13.74 per share, with a total value of $123,660.00. Following the acquisition, the director directly owned 10,000 shares of the company’s stock, valued at $137,400. This trade represents a 900.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kayne Anderson BDC Trading Up 1.1%

KBDC traded up $0.15 on Monday, hitting $13.80. The company had a trading volume of 381,625 shares, compared to its average volume of 379,469. The company’s fifty day moving average price is $14.23 and its 200 day moving average price is $14.47. The firm has a market cap of $924.56 million, a P/E ratio of 10.38 and a beta of 0.23. Kayne Anderson BDC, Inc. has a 1 year low of $13.06 and a 1 year high of $16.98. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.01.

Kayne Anderson BDC (NYSE:KBDC) last released its earnings results on Monday, March 2nd. The company reported $0.44 earnings per share 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 during the quarter, compared to the consensus estimate of $56.48 million. As a group, equities analysts expect that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current year.

Kayne Anderson BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 11.6%. The ex-dividend date is Tuesday, March 31st. Kayne Anderson BDC’s dividend payout ratio is currently 120.30%.

Hedge Funds Weigh In On Kayne Anderson BDC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Security National Bank increased its position in Kayne Anderson BDC by 205.4% in the third quarter. Security National Bank now owns 5,057 shares of the company’s stock worth $67,000 after buying an additional 3,401 shares during the period. Advisory Services Network LLC increased its position in Kayne Anderson BDC by 16.0% in the 4th quarter. Advisory Services Network LLC now owns 10,206 shares of the company’s stock valued at $146,000 after acquiring an additional 1,407 shares during the period. Brevan Howard Capital Management LP acquired a new position in Kayne Anderson BDC during the 3rd quarter worth $156,000. Osaic Holdings Inc. grew its stake in shares of Kayne Anderson BDC by 70.9% in the second quarter. Osaic Holdings Inc. now owns 10,268 shares of the company’s stock worth $157,000 after purchasing an additional 4,261 shares in the last quarter. Finally, Centiva Capital LP acquired a new position in shares of Kayne Anderson BDC during the third quarter valued at approximately $172,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods cut their price target on Kayne Anderson BDC from $16.00 to $15.50 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Royal Bank Of Canada decreased their target price on Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Finally, Wells Fargo & Company lowered their price target on shares of Kayne Anderson BDC from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 4th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.13.

About Kayne Anderson BDC

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.