208,396 Shares in Kayne Anderson BDC, Inc. $KBDC Acquired by Activest Wealth Management

Key Points

• Activest Wealth Management acquired a new stake of 208,396 shares of Kayne Anderson BDC (NYSE:KBDC) in Q4, worth about $2.98 million, making KBDC roughly its 25th largest holding and about 0.6% of its portfolio.
• Kayne Anderson BDC recently reported quarterly EPS of $0.44 (beating the $0.41 estimate) but revenue missed at $33.44M versus $56.48M, and analysts have an average rating of "Moderate Buy" with an average price target of $15.13.
• The company pays a quarterly dividend of $0.40 (annualized $1.60), yielding about 11.1%, though the dividend payout ratio is high at 120.3%.

Activest Wealth Management acquired a new stake in Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 208,396 shares of the company's stock, valued at approximately $2,984,000. Kayne Anderson BDC comprises about 0.6% of Activest Wealth Management's portfolio, making the stock its 25th biggest holding. Activest Wealth Management owned 0.30% of Kayne Anderson BDC at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Security National Bank lifted its stake in Kayne Anderson BDC by 205.4% during the third 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 last quarter. Brevan Howard Capital Management LP bought a new position in shares of Kayne Anderson BDC in the 3rd quarter valued at $156,000. Osaic Holdings Inc. increased 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 during the last quarter. Centiva Capital LP acquired a new position in shares of Kayne Anderson BDC during the 3rd quarter worth $172,000. Finally, Acadian Asset Management LLC raised its holdings in shares of Kayne Anderson BDC by 341.2% during the 1st quarter. Acadian Asset Management LLC now owns 10,788 shares of the company's stock worth $173,000 after buying an additional 8,343 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on KBDC shares. Wells Fargo & Company reduced their price objective on Kayne Anderson BDC from $15.00 to $14.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 4th. UBS Group boosted their target price on Kayne Anderson BDC from $14.50 to $15.00 and gave the stock a "neutral" rating in a research note on Monday, April 20th. Finally, Keefe, Bruyette & Woods dropped 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 report on Wednesday, March 4th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $15.13.

Kayne Anderson BDC Stock Down 1.2%

Shares of KBDC opened at $14.43 on Thursday. 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, Inc. has a 52 week low of $13.06 and a 52 week high of $16.40. The stock has a market capitalization of $958.63 million, a price-to-earnings ratio of 10.85 and a beta of 0.04. The stock has a fifty day moving average of $14.00 and a 200-day moving average of $14.38.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last issued its quarterly earnings data 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 $33.44 million for 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, sell-side analysts anticipate that Kayne Anderson BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Kayne Anderson BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Tuesday, March 31st were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.60 annualized dividend and a dividend yield of 11.1%. Kayne Anderson BDC's dividend payout ratio is currently 120.30%.

Insider Transactions at Kayne Anderson BDC

In other Kayne Anderson BDC news, Director George E. Marucci, Jr. acquired 9,000 shares of the company's stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of $13.74 per share, for a total transaction of $123,660.00. Following the acquisition, the director directly owned 10,000 shares in the company, valued at $137,400. This represents a 900.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.10% of the stock is currently 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.

Want to see what other hedge funds are holding KBDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.