Apollon Wealth Management LLC Acquires 6,218 Shares of Kayne Anderson BDC, Inc. $KBDC

Apollon Wealth Management LLC boosted its holdings in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) by 20.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,354 shares of the company’s stock after purchasing an additional 6,218 shares during the period. Apollon Wealth Management LLC owned about 0.05% of Kayne Anderson BDC worth $555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global View Capital Management LLC bought a new position in Kayne Anderson BDC during the first quarter worth about $167,000. Mesirow Financial Investment Management Inc. bought a new position in shares of Kayne Anderson BDC in the first quarter valued at approximately $168,000. SGL Investment Advisors Inc. bought a new position in shares of Kayne Anderson BDC in the first quarter valued at approximately $165,000. Acadian Asset Management LLC raised its stake 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 valued at $173,000 after acquiring an additional 8,343 shares during the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in shares of Kayne Anderson BDC in the second quarter valued at approximately $184,000.

Kayne Anderson BDC Stock Performance

KBDC stock opened at $13.75 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.45 and a quick ratio of 1.45. The company has a 50 day moving average price of $14.51 and a 200 day moving average price of $15.33. Kayne Anderson BDC, Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $17.99. The stock has a market capitalization of $970.48 million, a PE ratio of 8.14 and a beta of 0.14.

Kayne Anderson BDC (NYSE:KBDC) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.40 earnings per share 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 company had revenue of $57.30 million during the quarter, compared to the consensus estimate of $49.37 million. Analysts forecast that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current year.

Kayne Anderson BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Tuesday, September 30th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 11.6%. The ex-dividend date was Tuesday, September 30th. Kayne Anderson BDC’s payout ratio is 94.67%.

Analysts Set New Price Targets

KBDC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upgraded shares of Kayne Anderson BDC from a “market perform” rating to an “outperform” rating and set a $16.50 target price for the company in a research note on Monday, October 6th. UBS Group cut their target price on shares of Kayne Anderson BDC from $16.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.