Renaissance Technologies LLC Has $1.99 Million Stake in Kayne Anderson BDC, Inc. $KBDC

Renaissance Technologies LLC grew its position in Kayne Anderson BDC, Inc. (NYSE:KBDC) by 101.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145,322 shares of the company’s stock after purchasing an additional 73,322 shares during the quarter. Renaissance Technologies LLC’s holdings in Kayne Anderson BDC were worth $1,994,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of KBDC. NewEdge Advisors LLC bought a new position in Kayne Anderson BDC during the first quarter worth $228,000. Goldman Sachs Group Inc. boosted its position in Kayne Anderson BDC by 119.7% during the first quarter. Goldman Sachs Group Inc. now owns 30,285 shares of the company’s stock valued at $491,000 after acquiring an additional 16,501 shares during the last quarter. Acadian Asset Management LLC grew its holdings in 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 acquiring an additional 8,343 shares during the period. JPMorgan Chase & Co. grew its holdings in Kayne Anderson BDC by 294.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 19,301 shares of the company’s stock worth $295,000 after acquiring an additional 14,406 shares during the period. Finally, Invesco Ltd. grew its holdings in Kayne Anderson BDC by 15.1% during the 2nd quarter. Invesco Ltd. now owns 45,063 shares of the company’s stock worth $688,000 after acquiring an additional 5,916 shares during the period.

Analyst Ratings Changes

KBDC has been the topic of a number of recent analyst reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $14.00 price objective (down from $15.00) on shares of Kayne Anderson BDC in a research note on Friday, June 12th. UBS Group lifted their target price on Kayne Anderson BDC from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Kayne Anderson BDC presently has an average rating of “Moderate Buy” and a consensus price target of $15.12.

Kayne Anderson BDC Stock Down 1.4%

Kayne Anderson BDC stock opened at $13.77 on Wednesday. The company has a market capitalization of $913.64 million, a PE ratio of 12.63 and a beta of 0.31. Kayne Anderson BDC, Inc. has a 12-month low of $13.06 and a 12-month high of $15.87. The firm’s fifty day moving average is $13.82 and its 200 day moving average is $14.08. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.04.

Kayne Anderson BDC (NYSE:KBDC) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Kayne Anderson BDC had a net margin of 31.54% and a return on equity of 10.51%. The business had revenue of $19.27 million during the quarter, compared to analysts’ expectations of $51.86 million. As a group, sell-side analysts predict that Kayne Anderson BDC, Inc. will post 1.62 EPS for the current fiscal year.

Kayne Anderson BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Kayne Anderson BDC’s dividend payout ratio is 125.00%.

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.