Kayne Anderson BDC, Inc. (NYSE:KBDC) to Issue Quarterly Dividend of $0.40

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

Kayne Anderson BDC Stock Down 0.0%

KBDC stock opened at $13.04 on Monday. Kayne Anderson BDC has a twelve month low of $12.88 and a twelve month high of $15.87. The company has a market cap of $860.83 million, a PE ratio of 11.96 and a beta of 0.32. The business’s 50-day simple moving average is $13.42 and its 200 day simple moving average is $13.92. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.16.

Kayne Anderson BDC (NYSE:KBDC) last posted its quarterly 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 firm had revenue of $19.27 million during the quarter, compared to analysts’ expectations of $51.86 million. On average, research analysts anticipate that Kayne Anderson BDC will post 1.61 earnings per share for the current year.

Insider Activity

In related news, Director James Robo bought 340,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was acquired at an average price of $13.04 per share, for a total transaction of $4,433,600.00. Following the transaction, the director directly owned 400,000 shares of the company’s stock, valued at $5,216,000. This represents a 566.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders purchased 619,961 shares of company stock valued at $8,089,782. Corporate insiders own 2.90% of the company’s stock.

Institutional Trading of Kayne Anderson BDC

A number of large investors have recently bought and sold shares of the stock. Squarepoint Ops LLC lifted its holdings in shares of Kayne Anderson BDC by 126.1% during the second quarter. Squarepoint Ops LLC now owns 22,705 shares of the company’s stock valued at $307,000 after acquiring an additional 12,663 shares during the period. Baird Financial Group Inc. bought a new stake in shares of Kayne Anderson BDC in the 2nd quarter worth about $147,000. HB Wealth Management LLC grew its holdings in shares of Kayne Anderson BDC by 19.1% in the 2nd quarter. HB Wealth Management LLC now owns 280,189 shares of the company’s stock worth $3,791,000 after purchasing an additional 44,848 shares during the last quarter. Requisite Capital Management LLC increased its position in shares of Kayne Anderson BDC by 6.5% during 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. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of Kayne Anderson BDC by 46.0% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 99,755 shares of the company’s stock worth $1,350,000 after purchasing an additional 31,444 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.