Woodley Farra Manion Portfolio Management Inc. Buys 6,149 Shares of Kayne Anderson BDC, Inc. $KBDC

Woodley Farra Manion Portfolio Management Inc. boosted its stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) by 50.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,447 shares of the company’s stock after buying an additional 6,149 shares during the period. Woodley Farra Manion Portfolio Management Inc.’s holdings in Kayne Anderson BDC were worth $289,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Merit Financial Group LLC purchased a new stake in shares of Kayne Anderson BDC in the second quarter worth $26,525,000. Requisite Capital Management LLC grew its position in Kayne Anderson BDC by 130.4% during the 2nd quarter. Requisite Capital Management LLC now owns 842,721 shares of the company’s stock valued at $13,197,000 after purchasing an additional 476,938 shares during the last quarter. Sage Mountain Advisors LLC increased its stake in Kayne Anderson BDC by 71.9% during 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 in the last quarter. MAI Capital Management purchased a new position in Kayne Anderson BDC in the first quarter worth about $1,423,000. Finally, Equitec Proprietary Markets LLC bought a new position in shares of Kayne Anderson BDC in the first quarter worth approximately $1,319,000.

Analysts Set New Price Targets

KBDC has been the topic of several analyst reports. UBS Group lowered their price objective 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. Wells Fargo & Company decreased their target price on Kayne Anderson BDC from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Kayne Anderson BDC from $16.50 to $16.00 and set an “outperform” rating on the stock in a report on Thursday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Kayne Anderson BDC currently has a consensus rating of “Moderate Buy” and an average price target of $15.75.

Kayne Anderson BDC Stock Up 0.6%

Shares of KBDC stock opened at $14.80 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.45 and a debt-to-equity ratio of 1.00. The company has a 50 day simple moving average of $14.17 and a two-hundred day simple moving average of $15.13. The stock has a market cap of $1.01 billion, a P/E ratio of 9.80 and a beta of 0.18. Kayne Anderson BDC, Inc. has a 12 month low of $13.06 and a 12 month high of $17.99.

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 net margin of 46.55% and a return on equity of 10.40%. The business had revenue of $61.37 million for the quarter, compared to the consensus estimate of $53.97 million. On average, research analysts expect that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current year.

Kayne Anderson BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.8%. Kayne Anderson BDC’s dividend payout ratio is currently 105.96%.

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.