Merit Financial Group LLC Takes Position in Kayne Anderson BDC, Inc. $KBDC

Merit Financial Group LLC bought a new stake in Kayne Anderson BDC, Inc. (NYSE:KBDC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,738,174 shares of the company’s stock, valued at approximately $26,525,000.

A number of other large investors have also recently bought and sold shares of the business. Generali Investments CEE investicni spolecnost a.s. boosted its stake in Kayne Anderson BDC by 5.5% during the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 18,184 shares of the company’s stock worth $277,000 after purchasing an additional 954 shares during the period. Magnus Financial Group LLC boosted its stake in Kayne Anderson BDC by 4.1% during the 2nd quarter. Magnus Financial Group LLC now owns 40,861 shares of the company’s stock worth $624,000 after purchasing an additional 1,600 shares during the period. Cubist Systematic Strategies LLC boosted its stake in Kayne Anderson BDC by 11.4% during the 1st quarter. Cubist Systematic Strategies LLC now owns 16,504 shares of the company’s stock worth $268,000 after purchasing an additional 1,690 shares during the period. Accredited Investors Inc. boosted its stake in Kayne Anderson BDC by 57.1% during the 1st quarter. Accredited Investors Inc. now owns 18,578 shares of the company’s stock worth $301,000 after purchasing an additional 6,754 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Kayne Anderson BDC by 341.2% during the 1st quarter. Acadian Asset Management LLC now owns 10,788 shares of the company’s stock worth $173,000 after purchasing an additional 8,343 shares during the period.

Analyst Ratings Changes

Separately, UBS Group increased their price target on shares of Kayne Anderson BDC from $16.00 to $16.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Kayne Anderson BDC Stock Up 0.9%

KBDC stock opened at $13.57 on Friday. Kayne Anderson BDC, Inc. has a one year low of $13.06 and a one year high of $17.99. The stock has a market capitalization of $957.42 million, a PE ratio of 8.03 and a beta of 0.14. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 1.45. The company has a fifty day moving average of $14.82 and a 200-day moving average of $15.50.

Kayne Anderson BDC (NYSE:KBDC) last released its earnings results on Monday, August 11th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). Kayne Anderson BDC had a return on equity of 10.90% and a net margin of 52.99%.The firm had revenue of $57.30 million during the quarter, compared to analyst estimates of $49.37 million. As a group, analysts expect that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current year.

Kayne Anderson BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 11.8%. The ex-dividend date is Tuesday, September 30th. Kayne Anderson BDC’s dividend payout ratio (DPR) is 94.67%.

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.