Kayne Anderson BDC, Inc. $KBDC Shares Acquired by SlateStone Wealth LLC

SlateStone Wealth LLC lifted its holdings in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) by 48.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 153,024 shares of the company’s stock after purchasing an additional 49,972 shares during the quarter. SlateStone Wealth LLC’s holdings in Kayne Anderson BDC were worth $2,335,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Global View Capital Management LLC acquired a new position in Kayne Anderson BDC in the first quarter valued at about $167,000. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Kayne Anderson BDC in the 1st quarter valued at approximately $168,000. SGL Investment Advisors Inc. purchased a new stake in shares of Kayne Anderson BDC in the 1st quarter valued at approximately $165,000. Acadian Asset Management LLC lifted its holdings in shares of Kayne Anderson BDC by 341.2% in the 1st quarter. Acadian Asset Management LLC now owns 10,788 shares of the company’s stock worth $173,000 after acquiring an additional 8,343 shares during the last quarter. Finally, Balentine LLC purchased a new position in shares of Kayne Anderson BDC during the 2nd quarter worth approximately $182,000.

Kayne Anderson BDC Trading Up 0.7%

KBDC opened at $14.87 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 9.84 and a beta of 0.18. The business has a fifty day moving average price of $14.13 and a 200 day moving average price of $15.08. Kayne Anderson BDC, Inc. has a 12 month low of $13.06 and a 12 month high of $17.99.

Kayne Anderson BDC (NYSE:KBDC) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. Kayne Anderson BDC had a return on equity of 10.40% and a net margin of 46.55%.The business had revenue of $61.37 million during the quarter, compared to analysts’ expectations of $53.97 million. Sell-side analysts expect that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current fiscal year.

Kayne Anderson BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Wednesday, December 31st will be paid a $0.40 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.60 dividend on an annualized basis and a yield of 10.8%. Kayne Anderson BDC’s payout ratio is currently 105.96%.

Analyst Upgrades and Downgrades

KBDC has been the topic of a number of research reports. Keefe, Bruyette & Woods decreased their price target on Kayne Anderson BDC from $16.50 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, November 13th. UBS Group decreased their target price on Kayne Anderson BDC from $16.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Royal Bank Of Canada dropped their target price on Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Finally, Wells Fargo & Company reduced their price target on shares of Kayne Anderson BDC from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.50.

Kayne Anderson BDC Company Profile

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.