Kayne Anderson BDC, Inc. (KBDC) to Issue Quarterly Dividend of $0.40 on April 16th

Kayne Anderson BDC, Inc. (NYSE:KBDC) announced a quarterly dividend on Thursday, February 12th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.40 per share on Thursday, April 16th. This represents a c) dividend on an annualized basis and a yield of 11.7%. The ex-dividend date is Tuesday, March 31st.

Kayne Anderson BDC Price Performance

Shares of NYSE:KBDC opened at $13.64 on Friday. Kayne Anderson BDC has a twelve month low of $13.06 and a twelve month high of $16.78. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.01. The company has a market cap of $913.27 million, a PE ratio of 10.25 and a beta of 0.23. The company’s 50 day moving average is $14.00 and its 200 day moving average is $14.34.

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

Insider Activity

In other news, Director George E. Marucci, Jr. bought 9,000 shares of the stock in a transaction dated Friday, March 6th. The shares were acquired at an average cost of $13.74 per share, with a total value of $123,660.00. Following the purchase, the director directly owned 10,000 shares in the company, valued at $137,400. The trade was a 900.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kayne Anderson BDC

A number of large investors have recently bought and sold shares of the business. Security National Bank boosted its position in Kayne Anderson BDC by 205.4% during the third quarter. Security National Bank now owns 5,057 shares of the company’s stock worth $67,000 after purchasing an additional 3,401 shares in the last quarter. Advisory Services Network LLC grew its holdings in Kayne Anderson BDC by 16.0% in the fourth quarter. Advisory Services Network LLC now owns 10,206 shares of the company’s stock valued at $146,000 after purchasing an additional 1,407 shares during the period. Brevan Howard Capital Management LP purchased a new stake in shares of Kayne Anderson BDC in the third quarter valued at approximately $156,000. Osaic Holdings Inc. increased its position in shares of Kayne Anderson BDC by 70.9% in the second quarter. Osaic Holdings Inc. now owns 10,268 shares of the company’s stock valued at $157,000 after buying an additional 4,261 shares in the last quarter. Finally, Centiva Capital LP acquired a new position in shares of Kayne Anderson BDC during the 3rd quarter worth approximately $172,000.

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.