HighTower Advisors LLC Purchases Shares of 16,581 Kayne Anderson BDC, Inc. $KBDC

HighTower Advisors LLC purchased a new stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,581 shares of the company’s stock, valued at approximately $269,000.

Other large investors have also made changes to their positions in the company. BIP Wealth LLC acquired a new position in shares of Kayne Anderson BDC during the fourth quarter valued at about $168,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of Kayne Anderson BDC during the first quarter valued at about $168,000. SGL Investment Advisors Inc. acquired a new position in shares of Kayne Anderson BDC during the first quarter valued at about $165,000. Woodley Farra Manion Portfolio Management Inc. acquired a new position in shares of Kayne Anderson BDC during the first quarter valued at about $204,000. Finally, Eagle Global Advisors LLC acquired a new position in shares of Kayne Anderson BDC during the first quarter valued at about $217,000.

Analysts Set New Price Targets

A number of brokerages have recently commented on KBDC. UBS Group upped their price objective on shares of Kayne Anderson BDC from $16.00 to $16.50 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Kayne Anderson BDC in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kayne Anderson BDC has an average rating of “Moderate Buy” and an average price target of $16.50.

Kayne Anderson BDC Stock Performance

NYSE:KBDC opened at $15.08 on Wednesday. Kayne Anderson BDC, Inc. has a 12-month low of $13.93 and a 12-month high of $17.99. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $1.06 billion, a PE ratio of 8.92 and a beta of 0.28. The firm has a 50-day moving average price of $15.51 and a 200 day moving average price of $15.92.

Kayne Anderson BDC (NYSE:KBDC) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). Kayne Anderson BDC had a return on equity of 10.90% and a net margin of 52.99%.The business had revenue of $57.30 million during the quarter, compared to analyst estimates of $49.37 million. Research 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.60 annualized dividend and a dividend yield of 10.6%. Kayne Anderson BDC’s dividend payout ratio (DPR) is presently 94.67%.

Kayne Anderson BDC Company Profile

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.