Kayne Anderson BDC (NYSE:KBDC) Stock: Insider James Robo Purchases 20,841 Shares

Kayne Anderson BDC, Inc. (NYSE:KBDC) Director James Robo purchased 20,841 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The shares were acquired at an average price of $13.13 per share, with a total value of $273,642.33. Following the completion of the acquisition, the director owned 420,841 shares of the company’s stock, valued at approximately $5,525,642.33. The trade was a 5.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kayne Anderson BDC Price Performance

Shares of Kayne Anderson BDC stock opened at $12.99 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $857.86 million, a PE ratio of 11.92 and a beta of 0.32. The firm has a fifty day moving average price of $13.43 and a two-hundred day moving average price of $13.93. Kayne Anderson BDC, Inc. has a fifty-two week low of $12.88 and a fifty-two week high of $15.87.

Kayne Anderson BDC (NYSE:KBDC) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. The company had revenue of $19.27 million for the quarter, compared to analyst estimates of $51.86 million. Kayne Anderson BDC had a return on equity of 10.63% and a net margin of 31.54%. Analysts expect that Kayne Anderson BDC, Inc. will post 1.61 EPS for the current year.

Kayne Anderson BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.3%. Kayne Anderson BDC’s payout ratio is 146.79%.

Institutional Trading of Kayne Anderson BDC

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in shares of Kayne Anderson BDC by 2.7% during the first quarter. Bank of America Corp DE now owns 5,565,223 shares of the company’s stock worth $76,355,000 after buying an additional 143,854 shares in the last quarter. Requisite Capital Management LLC raised its stake in Kayne Anderson BDC by 6.5% in the 2nd quarter. Requisite Capital Management LLC now owns 645,130 shares of the company’s stock worth $8,987,000 after purchasing an additional 39,385 shares in the last quarter. HB Wealth Management LLC boosted its holdings in Kayne Anderson BDC by 19.1% in the 2nd quarter. HB Wealth Management LLC now owns 280,189 shares of the company’s stock valued at $3,791,000 after purchasing an additional 44,848 shares during the period. Renaissance Technologies LLC boosted its holdings in Kayne Anderson BDC by 101.8% in the 1st quarter. Renaissance Technologies LLC now owns 145,322 shares of the company’s stock valued at $1,994,000 after purchasing an additional 73,322 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Kayne Anderson BDC by 46.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 99,755 shares of the company’s stock valued at $1,350,000 after purchasing an additional 31,444 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Royal Bank Of Canada reduced their price objective on Kayne Anderson BDC from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. Zacks Research cut Kayne Anderson BDC from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 18th. UBS Group reduced their price target on shares of Kayne Anderson BDC from $15.00 to $13.50 and set a “neutral” rating on the stock in a research report on Tuesday, September 1st. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $14.00 price objective (down from $15.00) on shares of Kayne Anderson BDC in a research report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $14.50.

Kayne Anderson BDC Company Profile

Kayne Anderson BDC, Inc (NYSE: KBDC) is a business development company focused on providing financing to privately held middle-market companies. The company seeks to support businesses that may have limited access to traditional bank lending or public capital markets.

Its investment activities primarily include originating and investing in debt securities, such as senior secured loans, as well as other debt and equity investments. Through these investments, Kayne Anderson BDC aims to provide companies with capital for acquisitions, growth initiatives, refinancing, recapitalizations and other corporate purposes.

Kayne Anderson BDC is externally managed by an affiliate of Kayne Anderson, an investment management firm with experience across alternative asset classes.