North Ground Capital Makes New Investment in Kayne Anderson BDC, Inc. $KBDC

North Ground Capital acquired a new stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 100,000 shares of the company’s stock, valued at approximately $1,332,000.

A number of other large investors also recently modified their holdings of KBDC. Security National Bank boosted its holdings in Kayne Anderson BDC by 205.4% in the 3rd quarter. Security National Bank now owns 5,057 shares of the company’s stock worth $67,000 after buying an additional 3,401 shares during the period. Osaic Holdings Inc. lifted 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 acquiring an additional 4,261 shares in the last quarter. Acadian Asset Management LLC boosted its stake 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 worth $173,000 after acquiring an additional 8,343 shares during the period. Balentine LLC purchased a new stake in shares of Kayne Anderson BDC during the second quarter worth about $182,000. Finally, Valeo Financial Advisors LLC bought a new stake in Kayne Anderson BDC during the 2nd quarter valued at approximately $184,000.

Analysts Set New Price Targets

Several research firms have weighed in on KBDC. Wells Fargo & Company dropped their price target on Kayne Anderson BDC from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Wednesday, November 12th. Keefe, Bruyette & Woods cut their target price on shares of Kayne Anderson BDC from $16.50 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, November 13th. UBS Group reduced their price target on shares of Kayne Anderson BDC from $16.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Finally, Royal Bank Of Canada dropped their price objective on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.50.

Kayne Anderson BDC Trading Down 2.6%

KBDC stock opened at $14.80 on Monday. The firm has a fifty day moving average price of $14.93 and a 200 day moving average price of $14.85. Kayne Anderson BDC, Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $17.99. The firm has a market cap of $1.01 billion, a PE ratio of 9.80 and a beta of 0.16. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.46 and a current ratio of 1.46.

Kayne Anderson BDC (NYSE:KBDC) last released its quarterly earnings data on Monday, November 10th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. Kayne Anderson BDC had a net margin of 46.55% and a return on equity of 10.40%. The business had revenue of $61.37 million during the quarter, compared to analyst estimates of $53.97 million. Sell-side analysts anticipate that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current fiscal year.

Kayne Anderson BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 10.8%. The ex-dividend date of this dividend was Wednesday, December 31st. Kayne Anderson BDC’s payout ratio is presently 105.96%.

Kayne Anderson BDC Profile

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.