24,400 Shares in Kayne Anderson BDC, Inc. $KBDC Bought by Truist Financial Corp

Truist Financial Corp bought a new position in Kayne Anderson BDC, Inc. (NYSE:KBDC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 24,400 shares of the company’s stock, valued at approximately $372,000.

Several other hedge funds also recently made changes to their positions in the company. SGL Investment Advisors Inc. purchased a new position in Kayne Anderson BDC during the 1st quarter valued at $165,000. Global View Capital Management LLC purchased a new position in Kayne Anderson BDC during the 1st quarter valued at $167,000. Mesirow Financial Investment Management Inc. purchased a new position in Kayne Anderson BDC during the 1st quarter valued at $168,000. Acadian Asset Management LLC increased its position 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 valued at $173,000 after purchasing an additional 8,343 shares during the period. Finally, Woodley Farra Manion Portfolio Management Inc. purchased a new position in Kayne Anderson BDC during the 1st quarter valued at $204,000.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KBDC shares. UBS Group reduced their price objective on shares of Kayne Anderson BDC from $16.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods raised shares of Kayne Anderson BDC from a “market perform” rating to an “outperform” rating and set a $16.50 price objective on the stock in a research report on Monday, October 6th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.13.

Kayne Anderson BDC Stock Performance

Shares of KBDC stock opened at $13.75 on Friday. Kayne Anderson BDC, Inc. has a 12 month low of $13.06 and a 12 month high of $17.99. The stock has a market cap of $970.48 million, a PE ratio of 8.14 and a beta of 0.14. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.90. The company’s fifty day moving average price is $14.51 and its 200-day moving average price is $15.33.

Kayne Anderson BDC (NYSE:KBDC) last announced its earnings results on Monday, August 11th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Kayne Anderson BDC had a net margin of 52.99% and a return on equity of 10.90%. The business had revenue of $57.30 million for the quarter, compared to the consensus estimate of $49.37 million. On average, equities analysts expect that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current fiscal year.

Kayne Anderson BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Tuesday, September 30th were paid a $0.40 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.60 dividend on an annualized basis and a yield of 11.6%. Kayne Anderson BDC’s payout ratio is presently 94.67%.

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.