203,300 Shares in Kayne Anderson BDC, Inc. $KBDC Purchased by AG Asset Advisory LLC

AG Asset Advisory LLC acquired a new position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 203,300 shares of the company’s stock, valued at approximately $2,708,000. Kayne Anderson BDC makes up 2.2% of AG Asset Advisory LLC’s investment portfolio, making the stock its 4th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Arcus Capital Partners LLC boosted its holdings in shares of Kayne Anderson BDC by 8.9% in the third quarter. Arcus Capital Partners LLC now owns 13,475 shares of the company’s stock worth $179,000 after buying an additional 1,100 shares during the period. Security National Bank boosted its stake in Kayne Anderson BDC by 205.4% in the 3rd quarter. Security National Bank now owns 5,057 shares of the company’s stock worth $67,000 after purchasing an additional 3,401 shares during the period. Osaic Holdings Inc. boosted its stake in Kayne Anderson BDC by 70.9% in the 2nd quarter. Osaic Holdings Inc. now owns 10,268 shares of the company’s stock worth $157,000 after purchasing an additional 4,261 shares during the period. Global View Capital Management LLC grew its position in Kayne Anderson BDC by 50.0% during the 2nd quarter. Global View Capital Management LLC now owns 15,468 shares of the company’s stock worth $236,000 after purchasing an additional 5,156 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Kayne Anderson BDC by 15.1% during the 2nd quarter. Invesco Ltd. now owns 45,063 shares of the company’s stock valued at $688,000 after purchasing an additional 5,916 shares during the period.

Kayne Anderson BDC Trading Up 2.6%

NYSE KBDC opened at $14.42 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.00. Kayne Anderson BDC, Inc. has a 1-year low of $13.06 and a 1-year high of $17.99. The firm’s fifty day simple moving average is $14.74 and its 200-day simple moving average is $14.67. The company has a market capitalization of $986.33 million, a PE ratio of 9.55 and a beta of 0.16.

Kayne Anderson BDC (NYSE:KBDC) last released its quarterly earnings data on Monday, November 10th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $53.97 million. As a group, sell-side analysts anticipate that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Kayne Anderson BDC 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.