Generali Investments CEE investicni spolecnost a.s. Buys New Stake in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Generali Investments CEE investicni spolecnost a.s. 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,230 shares of the company's stock, valued at approximately $279,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC purchased a new position in Kayne Anderson BDC during the 4th quarter worth approximately $46,000. Cerity Partners LLC purchased a new position in Kayne Anderson BDC during the 4th quarter worth approximately $170,000. BIP Wealth LLC purchased a new position in shares of Kayne Anderson BDC during the 4th quarter valued at $168,000. Accredited Investors Inc. purchased a new position in shares of Kayne Anderson BDC during the 4th quarter valued at $196,000. Finally, Virtu Financial LLC purchased a new position in shares of Kayne Anderson BDC during the 4th quarter valued at $197,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on KBDC shares. Royal Bank Of Canada reiterated an "outperform" rating and issued a $17.00 price objective on shares of Kayne Anderson BDC in a report on Monday, May 19th. Keefe, Bruyette & Woods cut their target price on shares of 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. Wells Fargo & Company cut their target price on shares of 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, UBS Group cut their target price on shares of 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.

Kayne Anderson BDC Stock Performance

Kayne Anderson BDC stock traded up $0.01 on Tuesday, reaching $15.68. 46,415 shares of the stock were exchanged, compared to its average volume of 143,292. The stock has a market cap of $1.11 billion, a PE ratio of 8.71 and a beta of 0.29. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.85. Kayne Anderson BDC, Inc. has a twelve month low of $13.93 and a twelve month high of $17.99. The firm has a fifty day moving average price of $15.81 and a two-hundred day moving average price of $16.31.

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). The company had revenue of $55.25 million for the quarter, compared to analyst estimates of $58.43 million. Kayne Anderson BDC had a net margin of 56.97% and a return on equity of 11.36%. Sell-side analysts anticipate that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current year.

Kayne Anderson BDC Announces Dividend

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. This represents a dividend yield of 12.1%. The ex-dividend date of this dividend was Monday, June 9th. Kayne Anderson BDC's dividend payout ratio is currently 88.89%.

Insider Activity at Kayne Anderson BDC

In other news, Director Albert Rabil sold 314,465 shares of the company'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 completion of the transaction, the director owned 151,686 shares of the company's stock, valued at approximately $2,411,807.40. This represents a 67.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 387,485 shares of company stock worth $6,151,830 over the last three months. 3.20% of the stock is currently owned by corporate insiders.

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.