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Accelerate Investment Advisors LLC Takes $678,000 Position in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Kayne Anderson BDC logo with Finance background

Accelerate Investment Advisors LLC purchased a new stake in Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 41,828 shares of the company's stock, valued at approximately $678,000. Accelerate Investment Advisors LLC owned 0.06% of Kayne Anderson BDC as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC purchased a new position in Kayne Anderson BDC in the fourth quarter valued at approximately $46,000. BIP Wealth LLC purchased a new position in Kayne Anderson BDC in the fourth quarter valued at approximately $168,000. Cerity Partners LLC purchased a new position in Kayne Anderson BDC in the fourth quarter valued at approximately $170,000. Accredited Investors Inc. purchased a new stake in shares of Kayne Anderson BDC during the fourth quarter valued at approximately $196,000. Finally, Virtu Financial LLC purchased a new stake in shares of Kayne Anderson BDC during the fourth quarter valued at approximately $197,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a $17.00 price objective on shares of Kayne Anderson BDC in a research note on Monday, May 19th. Keefe, Bruyette & Woods dropped their price objective on shares of Kayne Anderson BDC from $17.00 to $16.50 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. UBS Group dropped their price objective on shares of Kayne Anderson BDC from $16.50 to $16.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Finally, Wells Fargo & Company dropped their price objective on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th.

Read Our Latest Stock Analysis on KBDC

Insider Transactions at Kayne Anderson BDC

In other news, Director Albert Rabil sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $15.68, for a total transaction of $470,400.00. Following the completion of the sale, the director now owns 121,686 shares of the company's stock, valued at approximately $1,908,036.48. This trade represents a 19.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 387,485 shares of company stock valued at $6,151,830. 3.10% of the stock is currently owned by corporate insiders.

Kayne Anderson BDC Stock Up 1.8%

Shares of KBDC stock traded up $0.29 during mid-day trading on Friday, reaching $15.89. 111,710 shares of the company were exchanged, compared to its average volume of 91,418. Kayne Anderson BDC, Inc. has a fifty-two week low of $13.93 and a fifty-two week high of $17.99. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $1.13 billion and a P/E ratio of 8.83. The business's 50 day simple moving average is $15.85 and its 200 day simple moving average is $16.40.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Kayne Anderson BDC had a return on equity of 11.36% and a net margin of 56.97%. The company had revenue of $55.25 million for the quarter, compared to analyst estimates of $58.43 million. Research analysts predict that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current year.

Kayne Anderson BDC Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.10 per share. This represents a dividend yield of 12.1%. The ex-dividend date is Monday, June 9th. Kayne Anderson BDC's payout ratio is currently 88.89%.

About Kayne Anderson BDC

(Free Report)

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.

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Institutional Ownership by Quarter for Kayne Anderson BDC (NYSE:KBDC)

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