17,230 Shares in Kayne Anderson BDC, Inc. (NYSE:KBDC) Purchased by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,230 shares of the company's stock, valued at approximately $279,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC Private Wealth Group LLC bought a new stake in Kayne Anderson BDC during the 4th quarter worth approximately $46,000. BIP Wealth LLC acquired a new stake in shares of Kayne Anderson BDC during the fourth quarter worth $168,000. Cerity Partners LLC acquired a new stake in shares of Kayne Anderson BDC during the fourth quarter worth $170,000. Accredited Investors Inc. acquired a new stake in shares of Kayne Anderson BDC during the fourth quarter worth $196,000. Finally, Virtu Financial LLC acquired a new stake in shares of Kayne Anderson BDC during the fourth quarter worth $197,000.

Insiders Place Their Bets

In related news, Director Albert Rabil sold 314,465 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were 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 in the company, valued at approximately $2,411,807.40. The trade was a 67.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 387,485 shares of company stock worth $6,151,830 in the last 90 days. 3.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KBDC shares. UBS Group reduced their price target on shares of Kayne Anderson BDC from $16.50 to $16.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Keefe, Bruyette & Woods reduced their price target on shares of 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 issued a $17.00 price target on shares of Kayne Anderson BDC in a report on Monday, May 19th. Finally, Wells Fargo & Company reduced their price objective on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, April 28th.

Kayne Anderson BDC Stock Up 0.1%

Shares of Kayne Anderson BDC stock traded up $0.02 on Monday, hitting $15.68. The company had a trading volume of 68,625 shares, compared to its average volume of 142,924. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 8.71 and a beta of 0.29. Kayne Anderson BDC, Inc. has a 1 year low of $13.93 and a 1 year high of $17.99. The stock has a 50 day moving average of $15.82 and a 200-day moving average of $16.32. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.25 and a current ratio of 1.25.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). The company had revenue of $55.25 million during the quarter, compared to analysts' expectations of $58.43 million. Kayne Anderson BDC had a return on equity of 11.36% and a net margin of 56.97%. As a group, sell-side analysts forecast that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current year.

Kayne Anderson BDC Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were issued a dividend of $0.10 per share. This represents a yield of 12.1%. The ex-dividend date of this dividend was Monday, June 9th. Kayne Anderson BDC's dividend payout ratio (DPR) is presently 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.