Sage Mountain Advisors LLC Has $14.20 Million Stock Position in Kayne Anderson BDC, Inc. $KBDC

Sage Mountain Advisors LLC increased its stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) by 71.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 930,426 shares of the company’s stock after buying an additional 389,317 shares during the period. Kayne Anderson BDC makes up 0.9% of Sage Mountain Advisors LLC’s holdings, making the stock its 19th biggest holding. Sage Mountain Advisors LLC’s holdings in Kayne Anderson BDC were worth $14,198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SGL Investment Advisors Inc. acquired a new position in Kayne Anderson BDC during the 1st quarter worth about $165,000. Global View Capital Management LLC acquired a new position in Kayne Anderson BDC during the 1st quarter worth about $167,000. Mesirow Financial Investment Management Inc. acquired a new position in Kayne Anderson BDC during the 1st quarter worth about $168,000. Acadian Asset Management LLC lifted its position 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 valued at $173,000 after purchasing an additional 8,343 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new position in Kayne Anderson BDC during the 2nd quarter valued at about $184,000.

Kayne Anderson BDC Trading Up 1.1%

Shares of Kayne Anderson BDC stock opened at $14.22 on Friday. The business has a fifty day simple moving average of $14.36 and a two-hundred day simple moving average of $15.25. Kayne Anderson BDC, Inc. has a 1 year low of $13.06 and a 1 year high of $17.99. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 8.41 and a beta of 0.14. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.45 and a quick ratio of 1.45.

Kayne Anderson BDC (NYSE:KBDC) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). Kayne Anderson BDC had a net margin of 52.99% and a return on equity of 10.90%. The business had revenue of $57.30 million for the quarter, compared to analyst estimates of $49.37 million. Research analysts forecast 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 was paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.3%. Kayne Anderson BDC’s dividend payout ratio (DPR) is currently 94.67%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group lowered their price target on Kayne Anderson BDC from $16.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods raised shares of Kayne Anderson BDC from a “market perform” rating to an “outperform” rating and set a $16.50 price target for the company in a research note on Monday, October 6th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.13.

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.