Kayne Anderson BDC, Inc. (NYSE:KBDC – Get Free Report) Director James Robo purchased 60,000 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was bought at an average price of $13.02 per share, for a total transaction of $781,200.00. Following the purchase, the director owned 60,000 shares in the company, valued at approximately $781,200. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Kayne Anderson BDC Price Performance
Shares of Kayne Anderson BDC stock traded up $0.05 during trading on Wednesday, reaching $13.07. 756,482 shares of the stock traded hands, compared to its average volume of 335,328. Kayne Anderson BDC, Inc. has a 52-week low of $12.88 and a 52-week high of $15.87. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day simple moving average of $13.52 and a two-hundred day simple moving average of $13.96. The company has a market capitalization of $862.88 million, a price-to-earnings ratio of 11.99 and a beta of 0.32.
Kayne Anderson BDC (NYSE:KBDC – Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Kayne Anderson BDC had a return on equity of 10.63% and a net margin of 31.54%.The company had revenue of $19.27 million for the quarter, compared to the consensus estimate of $51.86 million. Sell-side analysts expect that Kayne Anderson BDC, Inc. will post 1.61 EPS for the current year.
Kayne Anderson BDC Announces Dividend
Hedge Funds Weigh In On Kayne Anderson BDC
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of Kayne Anderson BDC by 2.7% during the 1st quarter. Bank of America Corp DE now owns 5,565,223 shares of the company’s stock valued at $76,355,000 after purchasing an additional 143,854 shares during the last quarter. Renaissance Technologies LLC lifted its position in Kayne Anderson BDC by 101.8% in the first quarter. Renaissance Technologies LLC now owns 145,322 shares of the company’s stock worth $1,994,000 after buying an additional 73,322 shares during the last quarter. Closed End Fund Advisors Inc. purchased a new position in Kayne Anderson BDC during the fourth quarter worth $1,048,000. Sei Investments Co. purchased a new position in Kayne Anderson BDC during the first quarter worth $730,000. Finally, HB Wealth Management LLC increased its position in Kayne Anderson BDC by 19.1% during the second quarter. HB Wealth Management LLC now owns 280,189 shares of the company’s stock valued at $3,791,000 after acquiring an additional 44,848 shares during the last quarter.
Analyst Ratings Changes
A number of research firms recently weighed in on KBDC. Royal Bank Of Canada cut their target price on shares of Kayne Anderson BDC from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Wells Fargo & Company reiterated an “equal weight” rating and set a $14.00 price objective (down from $15.00) on shares of Kayne Anderson BDC in a research report on Friday, June 12th. UBS Group dropped their price objective on shares of Kayne Anderson BDC from $15.00 to $13.50 and set a “neutral” rating for the company in a research note on Tuesday, September 1st. Finally, Zacks Research downgraded shares of Kayne Anderson BDC from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 18th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Kayne Anderson BDC presently has an average rating of “Hold” and a consensus target price of $14.50.
View Our Latest Stock Report on KBDC
Kayne Anderson BDC Company Profile
Kayne Anderson BDC, Inc (NYSE: KBDC) is a business development company focused on providing financing to privately held middle-market companies. The company seeks to support businesses that may have limited access to traditional bank lending or public capital markets.
Its investment activities primarily include originating and investing in debt securities, such as senior secured loans, as well as other debt and equity investments. Through these investments, Kayne Anderson BDC aims to provide companies with capital for acquisitions, growth initiatives, refinancing, recapitalizations and other corporate purposes.
Kayne Anderson BDC is externally managed by an affiliate of Kayne Anderson, an investment management firm with experience across alternative asset classes.
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