32,949 Shares in Kayne Anderson BDC, Inc. (NYSE:KBDC) Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC purchased a new position in Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 32,949 shares of the company's stock, valued at approximately $545,000.

Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE grew its position in Kayne Anderson BDC by 4,201.5% during the fourth quarter. Bank of America Corp DE now owns 989,008 shares of the company's stock worth $16,358,000 after buying an additional 966,016 shares in the last quarter. Requisite Capital Management LLC bought a new stake in shares of Kayne Anderson BDC during the 4th quarter valued at about $5,589,000. Corient Private Wealth LLC purchased a new position in shares of Kayne Anderson BDC during the fourth quarter worth about $4,205,000. Sage Mountain Advisors LLC bought a new position in shares of Kayne Anderson BDC in the fourth quarter worth approximately $3,359,000. Finally, Renaissance Technologies LLC increased its position in shares of Kayne Anderson BDC by 584.4% in the fourth quarter. Renaissance Technologies LLC now owns 145,100 shares of the company's stock worth $2,400,000 after purchasing an additional 123,900 shares during the last quarter.

Analyst Ratings Changes

Several research analysts recently issued reports on KBDC shares. 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. Keefe, Bruyette & Woods reduced their price objective on Kayne Anderson BDC from $17.00 to $16.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada reissued an "outperform" rating and set a $17.00 price objective on shares of Kayne Anderson BDC in a report on Monday, May 19th. Finally, UBS Group reduced their price target on shares of Kayne Anderson BDC from $16.50 to $16.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $16.60.

Insider Activity

In other news, Director Albert Rabil sold 314,465 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $15.90, for a total value of $4,999,993.50. Following the completion of the transaction, the director now owns 151,686 shares of the company's stock, valued at approximately $2,411,807.40. This represents a 67.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 387,485 shares of company stock valued at $6,151,830. Corporate insiders own 3.10% of the company's stock.

Kayne Anderson BDC Trading Up 0.1%

Shares of NYSE:KBDC traded up $0.02 on Thursday, reaching $15.87. 101,289 shares of the company traded hands, compared to its average volume of 91,492. The stock has a market capitalization of $1.12 billion and a P/E ratio of 8.82. The business's 50-day simple moving average is $15.86 and its 200 day simple moving average is $16.49. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. Kayne Anderson BDC, Inc. has a 52 week low of $13.93 and a 52 week high of $17.99.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. The firm had revenue of $55.25 million for the quarter, compared to analysts' expectations of $58.43 million. As a group, equities analysts anticipate that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current fiscal year.

Kayne Anderson BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Monday, June 30th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.60 annualized dividend and a dividend yield of 10.08%. Kayne Anderson BDC's dividend payout ratio is 88.89%.

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.