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

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.

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

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.