Bank of America Corp DE Increases Stock Holdings in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Bank of America Corp DE boosted its holdings in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) by 4,201.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 989,008 shares of the company's stock after purchasing an additional 966,016 shares during the quarter. Bank of America Corp DE owned about 1.39% of Kayne Anderson BDC worth $16,358,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KBDC. Requisite Capital Management LLC bought a new stake in shares of Kayne Anderson BDC in the 4th quarter worth approximately $5,589,000. Corient Private Wealth LLC bought a new stake in shares of Kayne Anderson BDC in the 4th quarter worth approximately $4,205,000. Sage Mountain Advisors LLC bought a new position in shares of Kayne Anderson BDC during the 4th quarter worth approximately $3,359,000. Renaissance Technologies LLC lifted its position in shares of Kayne Anderson BDC by 584.4% during the 4th quarter. Renaissance Technologies LLC now owns 145,100 shares of the company's stock worth $2,400,000 after buying an additional 123,900 shares during the period. Finally, HB Wealth Management LLC bought a new position in shares of Kayne Anderson BDC during the 4th quarter worth approximately $1,591,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KBDC shares. Royal Bank of Canada restated an "outperform" rating and set a $17.00 target price on shares of Kayne Anderson BDC in a research report on Monday, May 19th. UBS Group cut their target price on Kayne Anderson BDC from $16.50 to $16.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company cut their target price on Kayne Anderson BDC from $17.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods cut their target price on Kayne Anderson BDC from $17.00 to $16.50 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.60.

Kayne Anderson BDC Trading Down 1.5%

Shares of Kayne Anderson BDC stock traded down $0.24 during trading on Monday, reaching $15.62. 258,405 shares of the company were exchanged, compared to its average volume of 91,714. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.66. Kayne Anderson BDC, Inc. has a twelve month low of $13.93 and a twelve month high of $17.99. The business has a 50-day moving average price of $15.91 and a 200-day moving average price of $16.51. The firm has a market capitalization of $1.11 billion and a price-to-earnings ratio of 8.68.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. The company had revenue of $55.25 million for the quarter, compared to analyst estimates of $58.43 million. Sell-side analysts anticipate that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current fiscal year.

Kayne Anderson BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Monday, June 30th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.24%. Kayne Anderson BDC's dividend payout ratio (DPR) is presently 88.89%.

Insider Buying and Selling

In related news, Director Albert Rabil sold 30,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $15.68, for a total value of $470,400.00. Following the completion of the transaction, the director now directly owns 121,686 shares in the company, valued at approximately $1,908,036.48. The trade was a 19.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is owned by insiders.

Kayne Anderson BDC Profile

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.