Albert Rabil Sells 43,020 Shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) Stock

Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) Director Albert Rabil sold 43,020 shares of Kayne Anderson BDC 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Albert Rabil also recently made the following trade(s):

• On Friday, May 23rd, Albert Rabil sold 30,000 shares of Kayne Anderson BDC stock. The stock was sold at an average price of $15.68, for a total value of $470,400.00.
• On Thursday, May 22nd, Albert Rabil sold 314,465 shares of Kayne Anderson BDC stock. The stock was sold at an average price of $15.90, for a total value of $4,999,993.50.

Kayne Anderson BDC Stock Up 0.3%

Shares of NYSE:KBDC traded up $0.05 during midday trading on Tuesday, hitting $15.75. 46,064 shares of the company's stock traded hands, compared to its average volume of 91,134. Kayne Anderson BDC, Inc. has a twelve month low of $13.93 and a twelve month high of $17.99. The company has a market cap of $1.12 billion and a PE ratio of 8.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.36. The firm's fifty day moving average price is $15.83 and its two-hundred day moving average price is $16.48.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last posted 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 12.65% and a net margin of 59.80%. The business had revenue of $55.25 million during the quarter, compared to the consensus estimate of $58.43 million. On average, equities research 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 declared a dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.10 per share. This represents a dividend yield of 12.1%. The ex-dividend date of this dividend is Monday, June 9th. Kayne Anderson BDC's dividend payout ratio is currently 88.89%.

Institutional Investors Weigh In On Kayne Anderson BDC

Several institutional investors and hedge funds have recently modified their holdings of KBDC. Bank of America Corp DE raised its stake in shares of 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 last quarter. Sage Mountain Advisors LLC raised its holdings in Kayne Anderson BDC by 166.5% during the first quarter. Sage Mountain Advisors LLC now owns 541,109 shares of the company's stock worth $8,777,000 after acquiring an additional 338,043 shares in the last quarter. Corient Private Wealth LLC bought a new stake in Kayne Anderson BDC during the fourth quarter worth $4,205,000. Renaissance Technologies LLC lifted its holdings 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 purchasing an additional 123,900 shares during the last quarter. Finally, MAI Capital Management acquired a new stake in Kayne Anderson BDC during the 1st quarter worth approximately $1,423,000.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $17.00 price target on shares of Kayne Anderson BDC in a report on Monday, May 19th. UBS Group reduced their target price on shares of Kayne Anderson BDC from $16.50 to $16.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Keefe, Bruyette & Woods decreased 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. Finally, Wells Fargo & Company dropped 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. 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $16.60.

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.