Kayne Anderson BDC, Inc. $KBDC Shares Bought by Equitec Proprietary Markets LLC

Equitec Proprietary Markets LLC lifted its holdings in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) by 50.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 121,998 shares of the company’s stock after acquiring an additional 40,666 shares during the period. Kayne Anderson BDC makes up about 1.8% of Equitec Proprietary Markets LLC’s investment portfolio, making the stock its 3rd biggest position. Equitec Proprietary Markets LLC owned 0.17% of Kayne Anderson BDC worth $1,862,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Merit Financial Group LLC acquired a new position in Kayne Anderson BDC in the second quarter worth about $26,525,000. Sage Mountain Advisors LLC grew its stake in shares of Kayne Anderson BDC by 71.9% in the 2nd quarter. Sage Mountain Advisors LLC now owns 930,426 shares of the company’s stock valued at $14,198,000 after purchasing an additional 389,317 shares during the period. Requisite Capital Management LLC raised its holdings in shares of Kayne Anderson BDC by 130.4% in the 2nd quarter. Requisite Capital Management LLC now owns 842,721 shares of the company’s stock worth $13,197,000 after buying an additional 476,938 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of Kayne Anderson BDC by 14.0% in the 2nd quarter. HB Wealth Management LLC now owns 196,671 shares of the company’s stock worth $3,001,000 after buying an additional 24,226 shares in the last quarter. Finally, Centric Wealth Management lifted its position in shares of Kayne Anderson BDC by 93.1% during the 1st quarter. Centric Wealth Management now owns 137,620 shares of the company’s stock worth $2,232,000 after buying an additional 66,350 shares during the period.

Kayne Anderson BDC Price Performance

Kayne Anderson BDC stock opened at $14.17 on Friday. The business’s fifty day moving average is $14.21 and its two-hundred day moving average is $15.19. 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 firm has a market cap of $999.77 million, a P/E ratio of 8.38 and a beta of 0.18. Kayne Anderson BDC, Inc. has a 52 week low of $13.06 and a 52 week high of $17.99.

Kayne Anderson BDC (NYSE:KBDC) last announced its earnings results on Monday, August 11th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $49.37 million. Equities research analysts forecast that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current fiscal year.

Kayne Anderson BDC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th were paid a $0.40 dividend. 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 payout ratio is currently 94.67%.

Wall Street Analysts Forecast Growth

KBDC has been the topic of a number of analyst reports. UBS Group lowered their price target on Kayne Anderson BDC from $16.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. 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 on the stock in a research note on Monday, October 6th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.13.

Kayne Anderson BDC Profile

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.