Cerity Partners LLC Boosts Holdings in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Cerity Partners LLC raised its position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) by 628.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,073 shares of the company's stock after buying an additional 63,041 shares during the quarter. Cerity Partners LLC owned about 0.10% of Kayne Anderson BDC worth $1,185,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC bought a new position in shares of Kayne Anderson BDC during the fourth quarter valued at $46,000. BIP Wealth LLC bought a new stake in Kayne Anderson BDC in the 4th quarter worth about $168,000. Accredited Investors Inc. bought a new stake in Kayne Anderson BDC in the 4th quarter worth about $196,000. Virtu Financial LLC bought a new stake in Kayne Anderson BDC in the 4th quarter worth about $197,000. Finally, AdvisorNet Financial Inc bought a new stake in Kayne Anderson BDC in the 1st quarter worth about $239,000.

Insider Buying and Selling at Kayne Anderson BDC

In other news, Director Albert Rabil sold 314,465 shares of Kayne Anderson BDC stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $15.90, for a total transaction of $4,999,993.50. Following the transaction, the director directly owned 151,686 shares of the company's stock, valued at $2,411,807.40. The trade was a 67.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 387,485 shares of company stock worth $6,151,830. 3.10% of the stock is owned by insiders.

Kayne Anderson BDC Price Performance

Shares of Kayne Anderson BDC stock remained flat at $15.88 during trading hours on Friday. The company's stock had a trading volume of 293,884 shares, compared to its average volume of 126,542. Kayne Anderson BDC, Inc. has a 1-year low of $13.93 and a 1-year high of $17.99. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 8.82 and a beta of 0.29. The business's 50 day moving average is $15.82 and its 200 day moving average is $16.25.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last posted its quarterly earnings data 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 net margin of 56.97% and a return on equity of 11.36%. The company had revenue of $55.25 million for the quarter, compared to analysts' expectations of $58.43 million. Sell-side analysts anticipate 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 disclosed a dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.10 per share. The ex-dividend date was Monday, June 9th. This represents a dividend yield of 12.1%. Kayne Anderson BDC's payout ratio is currently 88.89%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods reduced their price objective on Kayne Anderson BDC from $17.00 to $16.50 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Royal Bank Of Canada restated an "outperform" rating and set a $17.00 price target on shares of Kayne Anderson BDC in a research note on Monday, May 19th. Wells Fargo & Company cut their price target on Kayne Anderson BDC from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Finally, UBS Group boosted their price target on Kayne Anderson BDC from $16.00 to $16.50 and gave the company a "neutral" rating in a research note on Wednesday, July 16th.

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.