Apollon Wealth Management LLC Has $489,000 Stock Holdings in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Apollon Wealth Management LLC increased its stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) by 137.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,136 shares of the company's stock after purchasing an additional 17,418 shares during the quarter. Apollon Wealth Management LLC's holdings in Kayne Anderson BDC were worth $489,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in KBDC. Confluence Investment Management LLC grew its holdings in Kayne Anderson BDC by 0.6% during the 1st quarter. Confluence Investment Management LLC now owns 110,635 shares of the company's stock worth $1,794,000 after acquiring an additional 678 shares during the last quarter. CIBC Private Wealth Group LLC bought a new stake in Kayne Anderson BDC during the 4th quarter worth approximately $46,000. Marshall Wace LLP grew its holdings in Kayne Anderson BDC by 31.7% during the 4th quarter. Marshall Wace LLP now owns 18,117 shares of the company's stock worth $300,000 after acquiring an additional 4,359 shares during the last quarter. Magnus Financial Group LLC grew its holdings in Kayne Anderson BDC by 32.7% during the 1st quarter. Magnus Financial Group LLC now owns 39,261 shares of the company's stock worth $637,000 after acquiring an additional 9,684 shares during the last quarter. Finally, Citadel Advisors LLC grew its holdings in Kayne Anderson BDC by 21.1% during the 4th quarter. Citadel Advisors LLC now owns 56,078 shares of the company's stock worth $928,000 after acquiring an additional 9,753 shares during the last quarter.

Kayne Anderson BDC Trading Up 0.4%

Shares of NYSE:KBDC traded up $0.07 during trading on Wednesday, reaching $16.03. The stock had a trading volume of 96,761 shares, compared to its average volume of 100,366. The firm's fifty day moving average is $15.83 and its 200 day moving average is $16.26. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.25 and a current ratio of 1.25. Kayne Anderson BDC, Inc. has a 52 week low of $13.93 and a 52 week high of $17.99. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 8.90 and a beta of 0.29.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). The company had revenue of $55.25 million during the quarter, compared to the consensus estimate of $58.43 million. Kayne Anderson BDC had a net margin of 56.97% and a return on equity of 11.36%. As a group, equities analysts forecast that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current fiscal year.

Kayne Anderson BDC Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were paid a dividend of $0.10 per share. This represents a yield of 12.1%. The ex-dividend date of this dividend was Monday, June 9th. Kayne Anderson BDC's dividend payout ratio is presently 88.89%.

Insider Transactions at Kayne Anderson BDC

In related news, Director Albert Rabil sold 314,465 shares of the stock in a transaction on 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 transaction, the director directly owned 151,686 shares of the company's stock, valued at $2,411,807.40. This represents a 67.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 387,485 shares of company stock worth $6,151,830 over the last 90 days. 3.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KBDC shares. Keefe, Bruyette & Woods reduced their target price on shares of Kayne Anderson BDC from $17.00 to $16.50 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Royal Bank Of Canada reissued an "outperform" rating and set a $17.00 target price on shares of Kayne Anderson BDC in a report on Monday, May 19th. Wells Fargo & Company reduced their price objective on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Finally, 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 note on Wednesday, July 16th.

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.