Sage Mountain Advisors LLC Has $8.78 Million Position in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Sage Mountain Advisors LLC boosted its stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) by 166.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 541,109 shares of the company's stock after buying an additional 338,043 shares during the period. Kayne Anderson BDC comprises 0.6% of Sage Mountain Advisors LLC's investment portfolio, making the stock its 27th largest holding. Sage Mountain Advisors LLC owned about 0.76% of Kayne Anderson BDC worth $8,777,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank of America Corp DE grew its stake 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 valued at $16,358,000 after acquiring an additional 966,016 shares in the last quarter. Corient Private Wealth LLC purchased a new position in Kayne Anderson BDC during the 4th quarter valued at about $4,205,000. Renaissance Technologies LLC grew its stake in Kayne Anderson BDC by 584.4% during the 4th quarter. Renaissance Technologies LLC now owns 145,100 shares of the company's stock valued at $2,400,000 after acquiring an additional 123,900 shares in the last quarter. Centric Wealth Management purchased a new position in Kayne Anderson BDC during the 4th quarter valued at about $1,179,000. Finally, Cerity Partners LLC grew its stake in Kayne Anderson BDC by 628.4% during the 1st quarter. Cerity Partners LLC now owns 73,073 shares of the company's stock valued at $1,185,000 after acquiring an additional 63,041 shares in the last quarter.

Insiders Place Their Bets

In related news, Director Albert Rabil sold 43,020 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was 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 can be accessed through the SEC website. In the last three months, insiders sold 387,485 shares of company stock valued at $6,151,830. 3.10% of the stock is currently owned by insiders.

Kayne Anderson BDC Stock Down 1.5%

Shares of NYSE KBDC traded down $0.25 during trading hours on Friday, hitting $16.00. The stock had a trading volume of 105,964 shares, compared to its average volume of 99,474. The company has a market capitalization of $1.13 billion, a P/E ratio of 8.89 and a beta of 0.29. The firm's 50-day moving average price is $15.84 and its two-hundred day moving average price is $16.28. Kayne Anderson BDC, Inc. has a 52 week low of $13.93 and a 52 week high of $17.99. 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 (NYSE:KBDC - Get Free Report) last announced 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 56.97% and a return on equity of 11.36%. The firm had revenue of $55.25 million during the quarter, compared to the consensus estimate of $58.43 million. 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 dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were issued a $0.10 dividend. The ex-dividend date was Monday, June 9th. This represents a yield of 12.1%. Kayne Anderson BDC's dividend payout ratio (DPR) is currently 88.89%.

Analyst Ratings Changes

KBDC has been the topic of several research analyst reports. UBS Group lifted their target price on Kayne Anderson BDC from $16.00 to $16.50 and gave the company a "neutral" rating in a research note on Wednesday. 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 note on Tuesday, April 8th. Royal Bank Of Canada reissued an "outperform" rating and issued a $17.00 price target on shares of Kayne Anderson BDC in a research note on Monday, May 19th. Finally, Wells Fargo & Company lowered their price target 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.

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.