Key Points
- Director George Marucci, Jr. purchased 1,000 shares of Kayne Anderson BDC on March 4 at an average price of $13.96 per share (total ~$13,960), a transaction disclosed in an SEC filing.
- The company declared a quarterly dividend of $0.40 per share (annualized $1.60) with an ex-dividend date of March 31 and a payment date of April 16, implying a yield of about 11.8% and a payout ratio of 120.3%.
- Kayne Anderson BDC reported quarterly EPS of $0.44 versus $0.41 expected, and the stock recently traded around $13.59 with a 52-week range of $13.06–$16.98, a PE of 10.22 and market cap near $910 million.
Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) Director George Marucci, Jr. purchased 1,000 shares of Kayne Anderson BDC stock in a transaction dated Wednesday, March 4th. The stock was acquired at an average cost of $13.96 per share, with a total value of $13,960.00. Following the completion of the acquisition, the director directly owned 1,000 shares in the company, valued at approximately $13,960. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Kayne Anderson BDC Price Performance
NYSE:KBDC traded down $0.32 during trading hours on Friday, hitting $13.59. The company's stock had a trading volume of 200,419 shares, compared to its average volume of 374,518. Kayne Anderson BDC, Inc. has a 52-week low of $13.06 and a 52-week high of $16.98. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.46 and a current ratio of 1.26. The business's 50-day moving average is $14.26 and its two-hundred day moving average is $14.49. The company has a market capitalization of $910.23 million, a PE ratio of 10.22 and a beta of 0.23.
Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last posted its quarterly earnings results on Monday, March 2nd. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. The business had revenue of ($25.53) million for the quarter, compared to analysts' expectations of $56.48 million. Kayne Anderson BDC had a net margin of 39.74% and a return on equity of 10.23%. As a group, research analysts anticipate that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current fiscal year.
Kayne Anderson BDC Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 11.8%. The ex-dividend date is Tuesday, March 31st. Kayne Anderson BDC's payout ratio is presently 120.30%.
Institutional Investors Weigh In On Kayne Anderson BDC
A number of institutional investors have recently bought and sold shares of the stock. Arcus Capital Partners LLC raised its stake in Kayne Anderson BDC by 8.9% during the third quarter. Arcus Capital Partners LLC now owns 13,475 shares of the company's stock worth $179,000 after purchasing an additional 1,100 shares during the period. Advisory Services Network LLC grew its position in Kayne Anderson BDC by 16.0% during the fourth quarter. Advisory Services Network LLC now owns 10,206 shares of the company's stock valued at $146,000 after acquiring an additional 1,407 shares during the period. BNP Paribas Financial Markets increased its stake in Kayne Anderson BDC by 14.6% during the third quarter. BNP Paribas Financial Markets now owns 17,265 shares of the company's stock worth $230,000 after acquiring an additional 2,203 shares during the last quarter. Security National Bank raised its holdings in shares of Kayne Anderson BDC by 205.4% in the 3rd quarter. Security National Bank now owns 5,057 shares of the company's stock worth $67,000 after purchasing an additional 3,401 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of Kayne Anderson BDC by 70.9% in the 2nd quarter. Osaic Holdings Inc. now owns 10,268 shares of the company's stock valued at $157,000 after purchasing an additional 4,261 shares in the last quarter.
Wall Street Analyst Weigh In
KBDC has been the topic of a number of analyst reports. Royal Bank Of Canada decreased their price objective on 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. Keefe, Bruyette & Woods cut their price objective on shares of Kayne Anderson BDC from $16.00 to $15.50 and set an "outperform" rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company lowered their target price on shares of Kayne Anderson BDC from $15.00 to $14.00 and set an "overweight" rating for the company in a research note on Wednesday. Three 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 has a consensus rating of "Moderate Buy" and an average price target of $15.13.
View Our Latest Stock Analysis on KBDC
About Kayne Anderson BDC
(
Get Free Report)
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.
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