UBS Group AG Grows Stock Position in Kayne Anderson BDC, Inc. $KBDC

UBS Group AG boosted its holdings in Kayne Anderson BDC, Inc. (NYSE:KBDC) by 265.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 576,812 shares of the company’s stock after acquiring an additional 418,789 shares during the quarter. UBS Group AG’s holdings in Kayne Anderson BDC were worth $8,260,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Arcus Capital Partners LLC raised its position in 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 acquiring an additional 1,100 shares in the last quarter. BNP Paribas Financial Markets raised its position in Kayne Anderson BDC by 14.6% in the third quarter. BNP Paribas Financial Markets now owns 17,265 shares of the company’s stock worth $230,000 after acquiring an additional 2,203 shares in the last quarter. Osaic Holdings Inc. raised its position in Kayne Anderson BDC by 70.9% in the second quarter. Osaic Holdings Inc. now owns 10,268 shares of the company’s stock worth $157,000 after acquiring an additional 4,261 shares in the last quarter. Zuckerman Investment Group LLC raised its position in Kayne Anderson BDC by 16.7% in the third quarter. Zuckerman Investment Group LLC now owns 35,000 shares of the company’s stock worth $466,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Global View Capital Management LLC raised its position in Kayne Anderson BDC by 50.0% in the second quarter. Global View Capital Management LLC now owns 15,468 shares of the company’s stock worth $236,000 after acquiring an additional 5,156 shares in the last quarter.

Kayne Anderson BDC Stock Down 0.2%

Kayne Anderson BDC stock opened at $14.67 on Monday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $973.02 million, a price-to-earnings ratio of 11.46 and a beta of 0.28. Kayne Anderson BDC, Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $16.40. The stock’s fifty day moving average is $14.23 and its two-hundred day moving average is $14.45.

Kayne Anderson BDC (NYSE:KBDC) last posted its earnings results on Monday, May 11th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $24.86 million for the quarter, compared to analyst estimates of $52.40 million. Kayne Anderson BDC had a return on equity of 10.47% and a net margin of 37.30%. Analysts predict that Kayne Anderson BDC, Inc. will post 1.6 EPS for the current fiscal year.

Kayne Anderson BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.60 annualized dividend and a yield of 10.9%. Kayne Anderson BDC’s dividend payout ratio is 125.00%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KBDC. UBS Group increased their price objective on Kayne Anderson BDC from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Keefe, Bruyette & Woods cut their price objective on Kayne Anderson BDC from $16.00 to $15.50 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Finally, Wells Fargo & Company increased their price objective on Kayne Anderson BDC from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.38.

Insiders Place Their Bets

In other news, Director George E. Marucci, Jr. bought 9,000 shares of the stock in a transaction on Friday, March 6th. The shares were bought at an average price of $13.74 per share, with a total value of $123,660.00. Following the completion of the acquisition, the director owned 10,000 shares of the company’s stock, valued at approximately $137,400. This trade represents a 900.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.90% of the company’s stock.

Kayne Anderson BDC Company 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.