MAI Capital Management Takes Position in Kayne Anderson BDC, Inc. $KBDC

Key Points

• MAI Capital Management has acquired a new stake in Kayne Anderson BDC, purchasing 87,755 shares valued at approximately $1.42 million, representing about 0.12% of the company.
• The company reported $0.40 earnings per share in its latest quarterly earnings, falling short of analysts' expectations of $0.41, but had revenue that exceeded forecasts at $57.30 million.
• Kayne Anderson BDC declared a quarterly dividend of $0.40 per share, translating to an annualized dividend of $1.60 and a yield of 10.6%.

MAI Capital Management acquired a new stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 87,755 shares of the company's stock, valued at approximately $1,423,000. MAI Capital Management owned about 0.12% of Kayne Anderson BDC as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Bank of America Corp DE increased its stake in Kayne Anderson BDC by 4,201.5% in the fourth quarter. Bank of America Corp DE now owns 989,008 shares of the company's stock valued at $16,358,000 after acquiring an additional 966,016 shares during the period. Sage Mountain Advisors LLC increased its stake in Kayne Anderson BDC by 166.5% in the first quarter. Sage Mountain Advisors LLC now owns 541,109 shares of the company's stock valued at $8,777,000 after acquiring an additional 338,043 shares during the period. Requisite Capital Management LLC increased its stake in Kayne Anderson BDC by 10.9% in the first quarter. Requisite Capital Management LLC now owns 365,783 shares of the company's stock valued at $6,083,000 after acquiring an additional 35,843 shares during the period. HB Wealth Management LLC increased its stake in Kayne Anderson BDC by 79.3% in the first quarter. HB Wealth Management LLC now owns 172,445 shares of the company's stock valued at $2,797,000 after acquiring an additional 76,250 shares during the period. Finally, Centric Wealth Management increased its stake in Kayne Anderson BDC by 93.1% in the first quarter. Centric Wealth Management now owns 137,620 shares of the company's stock valued at $2,232,000 after acquiring an additional 66,350 shares during the period.

Kayne Anderson BDC Price Performance

Kayne Anderson BDC stock traded up $0.02 during trading hours on Friday, hitting $15.19. 197,204 shares of the stock were exchanged, compared to its average volume of 147,383. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market capitalization of $1.07 billion, a P/E ratio of 8.99 and a beta of 0.28. Kayne Anderson BDC, Inc. has a 12 month low of $13.93 and a 12 month high of $17.99. The business's 50-day moving average is $15.48 and its two-hundred day moving average is $15.86.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). The firm had revenue of $57.30 million for the quarter, compared to the consensus estimate of $49.37 million. Kayne Anderson BDC had a return on equity of 10.90% and a net margin of 52.99%. Equities research analysts expect that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current fiscal year.

Kayne Anderson BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 10.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Kayne Anderson BDC's dividend payout ratio is 94.67%.

Wall Street Analyst Weigh In

KBDC has been the topic of a number of analyst reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $17.00 target price on shares of Kayne Anderson BDC in a research note on Monday, May 19th. UBS Group upped their target price 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. Two investment 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 a consensus rating of "Moderate Buy" and an average price target of $16.50.

Kayne Anderson BDC 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.