HB Wealth Management LLC Acquires 24,226 Shares of Kayne Anderson BDC, Inc. $KBDC

Key Points

• HB Wealth Management LLC increased its holdings in Kayne Anderson BDC by 14.0%, owning a total of 196,671 shares valued at $3,001,000 as of the end of the last quarter.
• Kayne Anderson BDC recently declared a quarterly dividend of $0.40 per share, translating to an annualized yield of 12.2% with a payout ratio of 94.67%.
• Analysts have upgraded the target price for Kayne Anderson BDC from $16.00 to $16.50, with a consensus rating of "Moderate Buy" from four research analysts.

HB Wealth Management LLC boosted its holdings in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) by 14.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,671 shares of the company's stock after purchasing an additional 24,226 shares during the period. HB Wealth Management LLC owned about 0.28% of Kayne Anderson BDC worth $3,001,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KBDC. SGL Investment Advisors Inc. acquired a new position in shares of Kayne Anderson BDC during the first quarter worth $165,000. Global View Capital Management LLC acquired a new position in shares of Kayne Anderson BDC during the first quarter worth $167,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of Kayne Anderson BDC during the first quarter worth $168,000. Acadian Asset Management LLC increased its holdings in shares of Kayne Anderson BDC by 341.2% during the first quarter. Acadian Asset Management LLC now owns 10,788 shares of the company's stock worth $173,000 after buying an additional 8,343 shares in the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. acquired a new position in shares of Kayne Anderson BDC during the first quarter worth $204,000.

Kayne Anderson BDC Price Performance

Shares of NYSE KBDC opened at $13.15 on Thursday. Kayne Anderson BDC, Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $17.99. The stock has a market cap of $927.77 million, a price-to-earnings ratio of 7.78 and a beta of 0.15. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 1.45. The firm's 50-day simple moving average is $14.91 and its 200 day simple moving average is $15.55.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). Kayne Anderson BDC had a return on equity of 10.90% and a net margin of 52.99%.The firm had revenue of $57.30 million for the quarter, compared to the consensus estimate of $49.37 million. As a group, research analysts anticipate that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current fiscal year.

Kayne Anderson BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date is Tuesday, September 30th. Kayne Anderson BDC's payout ratio is 94.67%.

Analyst Upgrades and Downgrades

Separately, UBS Group increased their price objective on Kayne Anderson BDC from $16.00 to $16.50 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $16.50.

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.

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