George Marucci, Jr. Buys 9,000 Shares of Kayne Anderson BDC (NYSE:KBDC) Stock

Kayne Anderson BDC, Inc. (NYSE:KBDC) Director George Marucci, Jr. acquired 9,000 shares of Kayne Anderson BDC stock in a transaction on Friday, March 6th. The stock was purchased at an average cost of $13.74 per share, with a total value of $123,660.00. Following the purchase, the director directly owned 10,000 shares of the company’s stock, valued at approximately $137,400. This trade represents a 900.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Kayne Anderson BDC Price Performance

Shares of NYSE:KBDC opened at $13.91 on Wednesday. Kayne Anderson BDC, Inc. has a twelve month low of $13.06 and a twelve month high of $16.98. The stock’s 50 day moving average is $14.20 and its 200-day moving average is $14.45. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $931.69 million, a price-to-earnings ratio of 10.46 and a beta of 0.23.

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

Kayne Anderson BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date of this dividend is Tuesday, March 31st. Kayne Anderson BDC’s dividend payout ratio is presently 120.30%.

Institutional Trading of Kayne Anderson BDC

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in Kayne Anderson BDC during the 4th quarter valued at approximately $336,000. XTX Topco Ltd bought a new position in Kayne Anderson BDC in the 4th quarter worth approximately $1,290,000. VARCOV Co. purchased a new stake in Kayne Anderson BDC during the 4th quarter valued at approximately $259,000. Quadrature Capital Ltd raised its position in shares of Kayne Anderson BDC by 41.1% during the fourth quarter. Quadrature Capital Ltd now owns 31,976 shares of the company’s stock valued at $458,000 after buying an additional 9,317 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of Kayne Anderson BDC by 206.3% during the fourth quarter. Millennium Management LLC now owns 254,429 shares of the company’s stock valued at $3,643,000 after buying an additional 171,354 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Kayne Anderson BDC from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 4th. Royal Bank Of Canada cut their target price on Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Kayne Anderson BDC from $16.00 to $15.50 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.13.

Kayne Anderson BDC Company 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.