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

Kayne Anderson BDC, Inc. (NYSE:KBDC) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.40 per share on Friday, October 16th. This represents a $1.60 annualized dividend and a yield of 12.3%. The ex-dividend date of this dividend is Wednesday, September 30th.

Kayne Anderson BDC Trading Down 0.0%

NYSE KBDC opened at $13.04 on Monday. Kayne Anderson BDC has a 12 month low of $12.88 and a 12 month high of $15.87. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $860.83 million, a PE ratio of 11.96 and a beta of 0.32. The business’s 50-day moving average price is $13.42 and its two-hundred day moving average price is $13.92.

Kayne Anderson BDC (NYSE:KBDC) last announced its earnings results on Monday, August 10th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. Kayne Anderson BDC had a return on equity of 10.63% and a net margin of 31.54%.The business had revenue of $19.27 million for the quarter, compared to analysts’ expectations of $51.86 million. On average, analysts expect that Kayne Anderson BDC will post 1.61 EPS for the current year.

Insider Transactions at Kayne Anderson BDC

In related news, Director James Robo acquired 340,000 shares of the stock in a transaction dated Wednesday, September 16th. The stock was purchased at an average cost of $13.04 per share, with a total value of $4,433,600.00. Following the completion of the purchase, the director directly owned 400,000 shares in the company, valued at $5,216,000. This trade represents a 566.67% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders bought 619,961 shares of company stock worth $8,089,782. 2.90% of the stock is currently owned by insiders.

Institutional Trading of Kayne Anderson BDC

Several institutional investors and hedge funds have recently made changes to their positions in KBDC. Bank of America Corp DE lifted its holdings in 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 acquiring an additional 143,854 shares during the period. Renaissance Technologies LLC raised its holdings in Kayne Anderson BDC by 101.8% during the 1st quarter. Renaissance Technologies LLC now owns 145,322 shares of the company’s stock valued at $1,994,000 after acquiring an additional 73,322 shares during the period. Closed End Fund Advisors Inc. bought a new stake in shares of Kayne Anderson BDC during the 4th quarter valued at $1,048,000. Sei Investments Co. purchased a new stake in shares of Kayne Anderson BDC in the first quarter worth about $730,000. Finally, HB Wealth Management LLC grew its position in shares of Kayne Anderson BDC by 19.1% during 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 in the last quarter.

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.