Mesirow Financial Investment Management Inc. Buys Shares of 10,343 Kayne Anderson BDC, Inc. (NYSE:KBDC)

Mesirow Financial Investment Management Inc. bought a new position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) during the first quarter, HoldingsChannel reports. The fund bought 10,343 shares of the company’s stock, valued at approximately $168,000.

Several other institutional investors also recently modified their holdings of the stock. Cerity Partners LLC boosted its holdings in shares of Kayne Anderson BDC by 628.4% during the 1st quarter. Cerity Partners LLC now owns 73,073 shares of the company’s stock valued at $1,185,000 after acquiring an additional 63,041 shares in the last quarter. Accelerate Investment Advisors LLC acquired a new stake in Kayne Anderson BDC in the first quarter valued at $678,000. Millennium Management LLC increased its stake in shares of Kayne Anderson BDC by 65.3% in the fourth quarter. Millennium Management LLC now owns 62,500 shares of the company’s stock valued at $1,034,000 after buying an additional 24,701 shares during the period. Janus Henderson Group PLC bought a new position in shares of Kayne Anderson BDC during the fourth quarter worth about $545,000. Finally, Bank of America Corp DE lifted its stake in shares of Kayne Anderson BDC by 4,201.5% in the fourth quarter. Bank of America Corp DE now owns 989,008 shares of the company’s stock worth $16,358,000 after acquiring an additional 966,016 shares during the period.

Insider Activity

In other Kayne Anderson BDC news, Director Albert Rabil sold 43,020 shares of the company’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $15.84, for a total value of $681,436.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have sold 387,485 shares of company stock valued at $6,151,830. Corporate insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

KBDC has been the subject of a number of recent analyst reports. UBS Group increased their target price on shares of Kayne Anderson BDC from $16.00 to $16.50 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Royal Bank Of Canada reissued an “outperform” rating and set a $17.00 target price on shares of Kayne Anderson BDC in a research note on Monday, May 19th. Wells Fargo & Company cut their price target on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods lowered their price objective on Kayne Anderson BDC from $17.00 to $16.50 and set a “market perform” rating for the company in a research report on Tuesday, April 8th.

Kayne Anderson BDC Trading Down 1.3%

NYSE KBDC opened at $15.29 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.85. Kayne Anderson BDC, Inc. has a 52 week low of $13.93 and a 52 week high of $17.99. The business has a 50 day moving average price of $15.77 and a 200-day moving average price of $16.21. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 8.49 and a beta of 0.29.

Kayne Anderson BDC (NYSE:KBDC) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). Kayne Anderson BDC had a net margin of 56.97% and a return on equity of 11.36%. The business had revenue of $55.25 million for the quarter, compared to analyst estimates of $58.43 million. As a group, equities analysts expect that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current fiscal year.

Kayne Anderson BDC Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were paid a $0.10 dividend. The ex-dividend date was Monday, June 9th. This represents a dividend yield of 1,210.0%. Kayne Anderson BDC’s dividend payout ratio is presently 88.89%.

About Kayne Anderson BDC

Kayne Anderson BDC Inc is a business development company which invests primarily in first lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle market companies. Kayne Anderson BDC Inc is based in CHICAGO.