Millennium Management LLC Raises Holdings in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Millennium Management LLC raised its position in Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) by 65.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,500 shares of the company's stock after acquiring an additional 24,701 shares during the period. Millennium Management LLC owned approximately 0.09% of Kayne Anderson BDC worth $1,034,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of KBDC. Janus Henderson Group PLC acquired a new stake in shares of Kayne Anderson BDC in the 4th quarter worth $545,000. Cubist Systematic Strategies LLC acquired a new stake in Kayne Anderson BDC in the 4th quarter worth approximately $245,000. Citadel Advisors LLC boosted its stake in Kayne Anderson BDC by 21.1% in the 4th quarter. Citadel Advisors LLC now owns 56,078 shares of the company's stock worth $928,000 after purchasing an additional 9,753 shares in the last quarter. Bank of America Corp DE grew its position in 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. Finally, BIP Wealth LLC purchased a new stake in Kayne Anderson BDC during the 4th quarter worth approximately $168,000.

Kayne Anderson BDC Stock Performance

KBDC traded up $0.03 during midday trading on Monday, hitting $15.82. 165,679 shares of the company were exchanged, compared to its average volume of 91,473. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.12 billion and a price-to-earnings ratio of 8.79. The company's 50 day simple moving average is $15.78 and its 200 day simple moving average is $16.47. Kayne Anderson BDC, Inc. has a 1-year low of $13.93 and a 1-year high of $17.99.

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

Kayne Anderson BDC Dividend Announcement

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

Insider Transactions at Kayne Anderson BDC

In other news, Director Albert Rabil sold 43,020 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $15.84, for a total value of $681,436.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 387,485 shares of company stock worth $6,151,830 in the last quarter. Company insiders own 3.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $17.00 price objective on shares of Kayne Anderson BDC in a research note on Monday, May 19th. Keefe, Bruyette & Woods lowered their price target on Kayne Anderson BDC from $17.00 to $16.50 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their price objective on Kayne Anderson BDC from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Finally, UBS Group decreased their target price on Kayne Anderson BDC from $16.50 to $16.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $16.60.

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.