Franklin Resources Inc. Has $3.41 Million Stock Holdings in Kayne Anderson BDC, Inc. $KBDC

Franklin Resources Inc. boosted its stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) by 186.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,657 shares of the company’s stock after purchasing an additional 145,637 shares during the quarter. Franklin Resources Inc. owned about 0.32% of Kayne Anderson BDC worth $3,413,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Generali Investments CEE investicni spolecnost a.s. lifted its stake in shares of Kayne Anderson BDC by 5.5% during the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 18,184 shares of the company’s stock worth $277,000 after buying an additional 954 shares during the last quarter. Magnus Financial Group LLC raised its holdings in Kayne Anderson BDC by 4.1% in the 2nd quarter. Magnus Financial Group LLC now owns 40,861 shares of the company’s stock valued at $624,000 after acquiring an additional 1,600 shares during the period. Cubist Systematic Strategies LLC raised its holdings in Kayne Anderson BDC by 11.4% in the 1st quarter. Cubist Systematic Strategies LLC now owns 16,504 shares of the company’s stock valued at $268,000 after acquiring an additional 1,690 shares during the period. SGL Investment Advisors Inc. lifted its position in Kayne Anderson BDC by 50.0% during the second quarter. SGL Investment Advisors Inc. now owns 15,799 shares of the company’s stock worth $248,000 after acquiring an additional 5,267 shares during the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. boosted its holdings in shares of Kayne Anderson BDC by 50.0% during the second quarter. Woodley Farra Manion Portfolio Management Inc. now owns 18,447 shares of the company’s stock worth $289,000 after acquiring an additional 6,149 shares during the period.

Kayne Anderson BDC Price Performance

Kayne Anderson BDC stock opened at $15.47 on Wednesday. The firm has a market cap of $1.06 billion, a PE ratio of 10.24 and a beta of 0.11. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.46 and a quick ratio of 1.46. The stock’s fifty day moving average price is $14.27 and its two-hundred day moving average price is $15.05. Kayne Anderson BDC, Inc. has a one year low of $13.06 and a one year high of $17.99.

Kayne Anderson BDC (NYSE:KBDC) last released its earnings results on Monday, November 10th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. Kayne Anderson BDC had a return on equity of 10.40% and a net margin of 46.55%.The company had revenue of $61.37 million for the quarter, compared to analyst estimates of $53.97 million. As a group, research analysts expect that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current fiscal year.

Kayne Anderson BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Kayne Anderson BDC’s dividend payout ratio (DPR) is currently 105.96%.

Analysts Set New Price Targets

KBDC has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Kayne Anderson BDC from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 12th. Royal Bank Of Canada lowered their price objective on Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Keefe, Bruyette & Woods dropped their target price on Kayne Anderson BDC from $16.50 to $16.00 and set an “outperform” rating for the company in a report on Thursday, November 13th. Finally, UBS Group decreased their price target on shares of Kayne Anderson BDC from $16.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $15.50.

Kayne Anderson BDC 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.