Alpine Global Management LLC Takes Position in Kayne Anderson BDC, Inc. $KBDC

Alpine Global Management LLC bought a new position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 53,000 shares of the company’s stock, valued at approximately $706,000. Alpine Global Management LLC owned approximately 0.08% of Kayne Anderson BDC at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KBDC. Security National Bank increased its position in shares of Kayne Anderson BDC by 205.4% during the 3rd quarter. Security National Bank now owns 5,057 shares of the company’s stock valued at $67,000 after purchasing an additional 3,401 shares during the period. Brevan Howard Capital Management LP acquired a new stake in shares of Kayne Anderson BDC in the third quarter valued at $156,000. Osaic Holdings Inc. lifted its holdings in shares of Kayne Anderson BDC by 70.9% in the second quarter. Osaic Holdings Inc. now owns 10,268 shares of the company’s stock valued at $157,000 after buying an additional 4,261 shares during the period. Centiva Capital LP bought a new position in Kayne Anderson BDC during the third quarter valued at about $172,000. Finally, Acadian Asset Management LLC grew its holdings in Kayne Anderson BDC by 341.2% during the first 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.

Kayne Anderson BDC Trading Up 1.4%

KBDC opened at $13.88 on Wednesday. The firm’s fifty day moving average is $14.13 and its two-hundred day moving average is $14.41. The firm has a market cap of $929.35 million, a PE ratio of 10.43 and a beta of 0.23. Kayne Anderson BDC, Inc. has a twelve month low of $13.06 and a twelve month high of $16.98. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.26 and a current ratio of 1.26.

Kayne Anderson BDC (NYSE:KBDC) last announced its quarterly earnings results on Monday, March 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of ($25.53) million during the quarter, compared to analyst estimates of $56.48 million. Kayne Anderson BDC had a net margin of 39.74% and a return on equity of 10.23%. Equities research analysts anticipate that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current year.

Kayne Anderson BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date of this dividend is Tuesday, March 31st. Kayne Anderson BDC’s payout ratio is presently 120.30%.

Analyst Ratings Changes

Several brokerages have commented on KBDC. Keefe, Bruyette & Woods dropped their price target on shares of Kayne Anderson BDC from $16.00 to $15.50 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. UBS Group reduced their price objective on shares of Kayne Anderson BDC from $15.00 to $14.50 and set a “neutral” rating for the company in a research report on Friday, March 13th. Royal Bank Of Canada lowered their price objective on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Finally, Wells Fargo & Company dropped their target price on shares of Kayne Anderson BDC from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Wednesday, March 4th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Kayne Anderson BDC currently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Insider Activity

In other Kayne Anderson BDC news, Director George E. Marucci, Jr. purchased 9,000 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were bought at an average price of $13.74 per share, with a total value of $123,660.00. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at $137,400. This trade represents a 900.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.20% of the stock is owned by company insiders.

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.