George Marucci, Jr. Purchases 1,000 Shares of Kayne Anderson BDC (NYSE:KBDC) Stock

Kayne Anderson BDC, Inc. (NYSE:KBDC) Director George Marucci, Jr. purchased 1,000 shares of Kayne Anderson BDC stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average price of $13.96 per share, with a total value of $13,960.00. Following the transaction, the director owned 1,000 shares in the company, valued at $13,960. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Kayne Anderson BDC Trading Down 1.7%

NYSE KBDC opened at $13.68 on Friday. The firm’s 50 day moving average price is $14.23 and its two-hundred day moving average price is $14.48. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.46 and a current ratio of 1.26. Kayne Anderson BDC, Inc. has a twelve month low of $13.06 and a twelve month high of $16.98. The stock has a market cap of $916.29 million, a price-to-earnings ratio of 10.29 and a beta of 0.23.

Kayne Anderson BDC (NYSE:KBDC) last released its earnings results on Monday, March 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of ($25.53) million during the quarter, compared to analyst estimates of $56.48 million. Kayne Anderson BDC had a return on equity of 10.23% and a net margin of 39.74%. Equities analysts anticipate that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current year.

Kayne Anderson BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Tuesday, March 31st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 11.7%. The ex-dividend date of this dividend is Tuesday, March 31st. Kayne Anderson BDC’s dividend payout ratio is currently 120.30%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KBDC. Keefe, Bruyette & Woods lowered their target price on Kayne Anderson BDC from $16.00 to $15.50 and set an “outperform” rating on the stock in a research note on Wednesday. Royal Bank Of Canada reduced their price target on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Finally, Wells Fargo & Company decreased their price target on shares of Kayne Anderson BDC from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Kayne Anderson BDC currently has an average rating of “Moderate Buy” and an average price target of $15.13.

Institutional Trading of Kayne Anderson BDC

Several hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC acquired a new stake in Kayne Anderson BDC during the first quarter valued at $228,000. Goldman Sachs Group Inc. increased its position in Kayne Anderson BDC by 119.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,285 shares of the company’s stock worth $491,000 after purchasing an additional 16,501 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Kayne Anderson BDC by 341.2% during the 1st quarter. Acadian Asset Management LLC now owns 10,788 shares of the company’s stock worth $173,000 after purchasing an additional 8,343 shares in the last quarter. SNS Financial Group LLC raised its stake in shares of Kayne Anderson BDC by 50.0% during the 2nd quarter. SNS Financial Group LLC now owns 21,126 shares of the company’s stock worth $331,000 after purchasing an additional 7,042 shares in the last quarter. Finally, Equitec Proprietary Markets LLC lifted its holdings in shares of Kayne Anderson BDC by 50.0% during the 2nd quarter. Equitec Proprietary Markets LLC now owns 121,998 shares of the company’s stock valued at $1,862,000 after buying an additional 40,666 shares during the last quarter.

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.