HighTower Advisors LLC Purchases Shares of 16,581 Kayne Anderson BDC, Inc. $KBDC

Key Points

• HighTower Advisors LLC acquired a new stake in Kayne Anderson BDC, purchasing 16,581 shares valued at approximately $269,000.
• Kayne Anderson BDC reported earnings of $0.40 per share for the last quarter, missing estimates by $0.01, while revenue surpassed expectations at $57.30 million.
• The company recently declared a quarterly dividend of $0.40 per share, resulting in an annualized yield of 10.6% and a dividend payout ratio of 94.67%.

HighTower Advisors LLC purchased a new stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,581 shares of the company's stock, valued at approximately $269,000.

Other large investors have also made changes to their positions in the company. BIP Wealth LLC acquired a new position in shares of Kayne Anderson BDC during the fourth quarter valued at about $168,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of Kayne Anderson BDC during the first quarter valued at about $168,000. SGL Investment Advisors Inc. acquired a new position in shares of Kayne Anderson BDC during the first quarter valued at about $165,000. Woodley Farra Manion Portfolio Management Inc. acquired a new position in shares of Kayne Anderson BDC during the first quarter valued at about $204,000. Finally, Eagle Global Advisors LLC acquired a new position in shares of Kayne Anderson BDC during the first quarter valued at about $217,000.

Analysts Set New Price Targets

A number of brokerages have recently commented on KBDC. UBS Group upped their price objective on shares of Kayne Anderson BDC from $16.00 to $16.50 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $17.00 price objective on shares of Kayne Anderson BDC in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Kayne Anderson BDC has an average rating of "Moderate Buy" and an average price target of $16.50.

Kayne Anderson BDC Stock Performance

NYSE:KBDC opened at $15.08 on Wednesday. Kayne Anderson BDC, Inc. has a 12-month low of $13.93 and a 12-month high of $17.99. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $1.06 billion, a PE ratio of 8.92 and a beta of 0.28. The firm has a 50-day moving average price of $15.51 and a 200 day moving average price of $15.92.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.40 earnings per share (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 business had revenue of $57.30 million during the quarter, compared to analyst estimates of $49.37 million. Research analysts anticipate that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current fiscal year.

Kayne Anderson BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.60 annualized dividend and a dividend yield of 10.6%. Kayne Anderson BDC's dividend payout ratio (DPR) is presently 94.67%.

Kayne Anderson BDC Company 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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