Apollon Wealth Management LLC Purchases 17,418 Shares of Kayne Anderson BDC, Inc. (NYSE:KBDC)

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

Several other large investors also recently made changes to their positions in the business. CIBC Private Wealth Group LLC bought a new stake in shares of Kayne Anderson BDC in the 4th quarter worth about $46,000. Cerity Partners LLC acquired a new stake in Kayne Anderson BDC during the 4th quarter worth approximately $170,000. BIP Wealth LLC acquired a new stake in shares of Kayne Anderson BDC in the fourth quarter valued at approximately $168,000. Accredited Investors Inc. acquired a new stake in Kayne Anderson BDC in the 4th quarter valued at $196,000. Finally, Virtu Financial LLC acquired a new position in Kayne Anderson BDC during the fourth quarter worth $197,000.

Insider Transactions at Kayne Anderson BDC

In related news, Director Albert Rabil sold 43,020 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $15.84, for a total value of $681,436.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 387,485 shares of company stock valued at $6,151,830 in the last ninety days. 3.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KBDC shares. UBS Group upped their price target on shares of Kayne Anderson BDC from $16.00 to $16.50 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Royal Bank Of Canada restated an "outperform" rating and set a $17.00 price target on shares of Kayne Anderson BDC in a research note on Monday, May 19th. Wells Fargo & Company reduced their price target 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. Finally, 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 for the company in a research note on Tuesday, April 8th.

Kayne Anderson BDC Trading Down 0.2%

NYSE:KBDC traded down $0.04 during trading hours on Monday, hitting $15.92. The company had a trading volume of 110,042 shares, compared to its average volume of 100,026. Kayne Anderson BDC, Inc. has a 52 week low of $13.93 and a 52 week high of $17.99. The company has a market capitalization of $1.13 billion, a PE ratio of 8.85 and a beta of 0.29. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a 50-day moving average price of $15.84 and a 200 day moving average price of $16.27.

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

Kayne Anderson BDC Announces Dividend

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

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.