Cerity Partners LLC Increases Holdings in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Cerity Partners LLC grew its holdings in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) by 628.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,073 shares of the company’s stock after buying an additional 63,041 shares during the period. Cerity Partners LLC owned 0.10% of Kayne Anderson BDC worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. CIBC Private Wealth Group LLC purchased a new stake in Kayne Anderson BDC during the fourth quarter worth $46,000. BIP Wealth LLC purchased a new position in shares of Kayne Anderson BDC in the 4th quarter worth $168,000. Accredited Investors Inc. purchased a new position in shares of Kayne Anderson BDC in the 4th quarter worth $196,000. Virtu Financial LLC purchased a new position in shares of Kayne Anderson BDC in the 4th quarter worth $197,000. Finally, AdvisorNet Financial Inc purchased a new position in Kayne Anderson BDC in the first quarter valued at about $239,000.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KBDC. UBS Group raised their target price on shares of Kayne Anderson BDC from $16.00 to $16.50 and gave the stock a “neutral” rating in a report on Wednesday, July 16th. Wells Fargo & Company reduced their price target on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Royal Bank Of Canada restated an “outperform” rating and issued a $17.00 price target on shares of Kayne Anderson BDC in a research report on Monday, May 19th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Kayne Anderson BDC from $17.00 to $16.50 and set a “market perform” rating for the company in a research note on Tuesday, April 8th.

Insider Transactions at Kayne Anderson BDC

In other Kayne Anderson BDC news, Director Albert Rabil sold 314,465 shares of the company’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $15.90, for a total transaction of $4,999,993.50. Following the transaction, the director owned 151,686 shares in the company, valued at approximately $2,411,807.40. This represents a 67.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 387,485 shares of company stock worth $6,151,830 in the last three months. 3.20% of the stock is currently owned by insiders.

Kayne Anderson BDC Stock Up 0.3%

Shares of NYSE:KBDC opened at $15.95 on Wednesday. The company has a market capitalization of $1.13 billion, a PE ratio of 8.86 and a beta of 0.29. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day moving average price of $15.84 and a two-hundred day moving average price of $16.27. Kayne Anderson BDC, Inc. has a 1 year low of $13.93 and a 1 year high of $17.99.

Kayne Anderson BDC (NYSE:KBDC) last posted its earnings results on Monday, May 12th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). The business had revenue of $55.25 million for the quarter, compared to analysts’ expectations of $58.43 million. Kayne Anderson BDC had a return on equity of 11.36% and a net margin of 56.97%. Analysts forecast that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current year.

Kayne Anderson BDC Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were given a $0.10 dividend. This represents a dividend yield of 12.1%. The ex-dividend date was Monday, June 9th. Kayne Anderson BDC’s dividend payout ratio is presently 88.89%.

About Kayne Anderson BDC

Kayne Anderson BDC Inc is a business development company which invests primarily in first lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle market companies. Kayne Anderson BDC Inc is based in CHICAGO.