Insight Wealth Partners LLC Purchases New Position in Kayne Anderson BDC, Inc. $KBDC

Key Points

• Insight Wealth Partners LLC has acquired a new position in Kayne Anderson BDC, Inc., purchasing 21,559 shares valued at approximately $350,000 during the first quarter of the year.
• Kayne Anderson BDC announced a quarterly dividend of $0.40 per share, resulting in an annualized yield of 10.6%, with a payout ratio of 94.67%.
• The company reported a earnings per share (EPS) of $0.40 for the last quarter, which was below analysts' expectations, even though revenues surpassed estimates at $57.30 million.

Insight Wealth Partners LLC bought a new position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 21,559 shares of the company's stock, valued at approximately $350,000.

Several other institutional investors and hedge funds have also made changes to their positions in KBDC. Bank of America Corp DE boosted its holdings in shares of Kayne Anderson BDC by 4,201.5% during the 4th quarter. Bank of America Corp DE now owns 989,008 shares of the company's stock worth $16,358,000 after purchasing an additional 966,016 shares during the last quarter. Sage Mountain Advisors LLC boosted its holdings in shares of Kayne Anderson BDC by 166.5% during the 1st quarter. Sage Mountain Advisors LLC now owns 541,109 shares of the company's stock worth $8,777,000 after purchasing an additional 338,043 shares during the last quarter. Equitec Proprietary Markets LLC acquired a new position in shares of Kayne Anderson BDC during the 1st quarter worth approximately $1,319,000. HB Wealth Management LLC boosted its holdings in shares of Kayne Anderson BDC by 79.3% during the 1st quarter. HB Wealth Management LLC now owns 172,445 shares of the company's stock worth $2,797,000 after purchasing an additional 76,250 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Kayne Anderson BDC by 628.4% during the 1st quarter. Cerity Partners LLC now owns 73,073 shares of the company's stock worth $1,185,000 after purchasing an additional 63,041 shares during the last quarter.

Kayne Anderson BDC Trading Up 0.9%

KBDC opened at $15.16 on Friday. Kayne Anderson BDC, Inc. has a one year low of $13.93 and a one year high of $17.99. The stock has a market capitalization of $1.07 billion, a PE ratio of 8.97 and a beta of 0.29. The business's 50 day moving average price is $15.53 and its 200 day moving average price is $15.96. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 1.45.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported $0.40 EPS for the quarter, missing analysts' consensus estimates 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 analyst estimates of $49.37 million. As a group, equities research analysts expect that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current year.

Kayne Anderson BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date is Tuesday, September 30th. Kayne Anderson BDC's dividend payout ratio is 94.67%.

Wall Street Analyst Weigh In

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

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.

Want to see what other hedge funds are holding KBDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.