Sage Mountain Advisors LLC Increases Stock Holdings in Kayne Anderson BDC, Inc. $KBDC

Sage Mountain Advisors LLC boosted its holdings in Kayne Anderson BDC, Inc. (NYSE:KBDC) by 13.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,058,487 shares of the company’s stock after purchasing an additional 128,061 shares during the quarter. Kayne Anderson BDC makes up 0.8% of Sage Mountain Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Sage Mountain Advisors LLC’s holdings in Kayne Anderson BDC were worth $14,099,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in KBDC. NewEdge Advisors LLC purchased a new stake in Kayne Anderson BDC in the 1st quarter valued at about $228,000. Goldman Sachs Group Inc. boosted its position in shares of Kayne Anderson BDC by 119.7% in the first quarter. Goldman Sachs Group Inc. now owns 30,285 shares of the company’s stock worth $491,000 after acquiring an additional 16,501 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Kayne Anderson BDC by 341.2% in the first 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. Magnus Financial Group LLC grew its holdings in Kayne Anderson BDC by 4.1% in the second quarter. Magnus Financial Group LLC now owns 40,861 shares of the company’s stock valued at $624,000 after purchasing an additional 1,600 shares during the period. Finally, HB Wealth Management LLC increased its position in Kayne Anderson BDC by 14.0% during the second quarter. HB Wealth Management LLC now owns 196,671 shares of the company’s stock worth $3,001,000 after purchasing an additional 24,226 shares during the last quarter.

Kayne Anderson BDC Price Performance

KBDC stock opened at $14.64 on Tuesday. Kayne Anderson BDC, Inc. has a 1 year low of $13.06 and a 1 year high of $17.99. The firm has a market cap of $1.00 billion, a P/E ratio of 9.70 and a beta of 0.16. The stock has a 50-day simple moving average of $14.94 and a 200-day simple moving average of $14.85. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.46 and a current ratio of 1.46.

Kayne Anderson BDC (NYSE:KBDC) last announced its earnings results on Monday, November 10th. The company reported $0.43 earnings per share 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 firm had revenue of $61.37 million for the quarter, compared to the consensus estimate of $53.97 million. On average, equities analysts predict that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current fiscal year.

Kayne Anderson BDC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.60 annualized dividend and a yield of 10.9%. Kayne Anderson BDC’s dividend payout ratio (DPR) is presently 105.96%.

Analysts Set New Price Targets

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

Kayne Anderson BDC Company Profile

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.