Kayne Anderson BDC (NYSE:KBDC) Director George Marucci Jr Purchases 1,000 Shares

Kayne Anderson BDC, Inc. (NYSE:KBDC) Director George Marucci, Jr. acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were bought at an average price of $13.96 per share, for a total transaction of $13,960.00. Following the purchase, the director directly owned 1,000 shares of the company’s stock, valued at approximately $13,960. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kayne Anderson BDC Price Performance

KBDC traded up $0.03 during trading on Thursday, reaching $13.89. The stock had a trading volume of 263,354 shares, compared to its average volume of 374,320. Kayne Anderson BDC, Inc. has a 1-year low of $13.06 and a 1-year high of $16.98. The firm has a market capitalization of $930.35 million, a price-to-earnings ratio of 10.44 and a beta of 0.23. The stock has a 50 day moving average of $14.27 and a two-hundred day moving average of $14.49. The company has a quick ratio of 1.46, a current ratio of 1.26 and a debt-to-equity ratio of 1.01.

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

Kayne Anderson BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.60 annualized dividend and a dividend yield of 11.5%. Kayne Anderson BDC’s dividend payout ratio (DPR) is 105.96%.

Institutional Trading of Kayne Anderson BDC

Several institutional investors have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. acquired a new position in Kayne Anderson BDC in the third quarter worth approximately $539,000. AG Asset Advisory LLC bought a new stake in Kayne Anderson BDC in the third quarter worth approximately $2,708,000. Franklin Resources Inc. increased its stake in shares of Kayne Anderson BDC by 186.7% during the 2nd quarter. Franklin Resources Inc. now owns 223,657 shares of the company’s stock worth $3,413,000 after purchasing an additional 145,637 shares during the last quarter. Sage Mountain Advisors LLC increased its stake in shares of Kayne Anderson BDC by 13.8% during the 3rd quarter. Sage Mountain Advisors LLC now owns 1,058,487 shares of the company’s stock worth $14,099,000 after purchasing an additional 128,061 shares during the last quarter. Finally, North Ground Capital bought a new position in shares of Kayne Anderson BDC during the 3rd quarter valued at $1,332,000.

Analyst Upgrades and Downgrades

Several analysts recently commented on KBDC shares. Keefe, Bruyette & Woods cut their target price on shares of Kayne Anderson BDC from $16.00 to $15.50 and set an “outperform” rating for the company in a research note on Wednesday. Royal Bank Of Canada cut their price objective on Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Finally, Wells Fargo & Company decreased their target price on Kayne Anderson BDC from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Wednesday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Kayne Anderson BDC has an average rating of “Moderate Buy” and a consensus price target of $15.13.

About Kayne Anderson BDC

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.