Insider Buying: Kayne Anderson BDC (NYSE:KBDC) Director Buys $13,960.00 in Stock

Kayne Anderson BDC, Inc. (NYSE:KBDC) Director George Marucci, Jr. bought 1,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were purchased at an average price of $13.96 per share, with a total value of $13,960.00. Following the completion of the acquisition, the director owned 1,000 shares of the company’s stock, valued at $13,960. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Kayne Anderson BDC Stock Down 1.7%

NYSE KBDC opened at $13.68 on Friday. Kayne Anderson BDC, Inc. has a 1 year low of $13.06 and a 1 year high of $16.98. The stock has a market capitalization of $916.29 million, a PE ratio of 10.29 and a beta of 0.23. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.26 and a quick ratio of 1.46. The business’s 50-day moving average is $14.23 and its 200 day moving average is $14.47.

Kayne Anderson BDC (NYSE:KBDC) last released its quarterly earnings results on Monday, March 2nd. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of ($25.53) million during the quarter, compared to analyst estimates of $56.48 million. Kayne Anderson BDC had a return on equity of 10.23% and a net margin of 39.74%. Sell-side analysts forecast that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current year.

Kayne Anderson BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Tuesday, March 31st will be issued a $0.40 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.60 annualized dividend and a yield of 11.7%. Kayne Anderson BDC’s payout ratio is 120.30%.

Wall Street Analyst Weigh In

KBDC has been the subject of several research analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of Kayne Anderson BDC from $16.00 to $15.50 and set an “outperform” rating for the company in a research report on Wednesday. Wells Fargo & Company reduced their price target on shares of Kayne Anderson BDC from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Royal Bank Of Canada decreased their price target on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.13.

Hedge Funds Weigh In On Kayne Anderson BDC

A number of institutional investors have recently added to or reduced their stakes in KBDC. Koch Inc. bought a new stake in shares of Kayne Anderson BDC during the 2nd quarter valued at $185,887,000. State of Michigan Retirement System purchased a new position in Kayne Anderson BDC during the 4th quarter valued at about $94,036,000. Bank of America Corp DE boosted its stake in Kayne Anderson BDC by 180.1% during the second quarter. Bank of America Corp DE now owns 4,596,731 shares of the company’s stock worth $70,146,000 after acquiring an additional 2,955,661 shares in the last quarter. Pathstone Holdings LLC boosted its stake in Kayne Anderson BDC by 612.8% during the third quarter. Pathstone Holdings LLC now owns 1,446,054 shares of the company’s stock worth $19,261,000 after acquiring an additional 1,243,181 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new stake in Kayne Anderson BDC in the fourth quarter worth about $11,804,000.

About Kayne Anderson BDC

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.