53,182 Shares in Kayne Anderson BDC, Inc. $KBDC Acquired by Sei Investments Co.

Sei Investments Co. bought a new position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 53,182 shares of the company’s stock, valued at approximately $730,000. Sei Investments Co. owned approximately 0.08% of Kayne Anderson BDC as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Advisory Services Network LLC raised its holdings in shares of Kayne Anderson BDC by 16.0% in the 4th quarter. Advisory Services Network LLC now owns 10,206 shares of the company’s stock worth $146,000 after acquiring an additional 1,407 shares during the last quarter. Osaic Holdings Inc. raised its holdings 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 purchasing an additional 4,261 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Kayne Anderson BDC by 341.2% in the first quarter. Acadian Asset Management LLC now owns 10,788 shares of the company’s stock valued at $173,000 after purchasing an additional 8,343 shares during the last quarter. Sovereign Financial Group Inc. bought a new position in shares of Kayne Anderson BDC during the first quarter valued at about $155,000. Finally, Brevan Howard Capital Management LP bought a new position in shares of Kayne Anderson BDC during the third quarter valued at about $156,000.

Analysts Set New Price Targets

A number of research firms recently issued reports on KBDC. Wells Fargo & Company restated an “equal weight” rating and set a $14.00 price objective (down from $15.00) on shares of Kayne Anderson BDC in a report on Friday, June 12th. UBS Group boosted their target price on shares of Kayne Anderson BDC from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Finally, Royal Bank Of Canada reduced their target price on shares of Kayne Anderson BDC from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.88.

Kayne Anderson BDC Price Performance

Shares of Kayne Anderson BDC stock opened at $13.75 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.15 and a quick ratio of 1.15. Kayne Anderson BDC, Inc. has a one year low of $13.06 and a one year high of $15.87. The business’s 50 day simple moving average is $13.79 and its two-hundred day simple moving average is $14.07. The stock has a market capitalization of $908.05 million, a P/E ratio of 12.61 and a beta of 0.31.

Kayne Anderson BDC (NYSE:KBDC) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $19.27 million during the quarter, compared to analyst estimates of $51.86 million. Kayne Anderson BDC had a return on equity of 10.51% and a net margin of 31.54%. Analysts forecast that Kayne Anderson BDC, Inc. will post 1.62 EPS for the current year.

Kayne Anderson BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Wednesday, September 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Kayne Anderson BDC’s dividend payout ratio (DPR) is 146.79%.

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.