Invesco Ltd. Makes New Investment in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Invesco Ltd. purchased a new stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 43,068 shares of the company's stock, valued at approximately $712,000. Invesco Ltd. owned 0.06% of Kayne Anderson BDC at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC acquired a new stake in Kayne Anderson BDC in the 4th quarter valued at $46,000. Perigon Wealth Management LLC acquired a new stake in shares of Kayne Anderson BDC in the fourth quarter valued at about $169,000. Cerity Partners LLC purchased a new stake in shares of Kayne Anderson BDC during the 4th quarter valued at about $170,000. Virtu Financial LLC acquired a new position in Kayne Anderson BDC during the 4th quarter worth approximately $197,000. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Kayne Anderson BDC during the fourth quarter valued at approximately $210,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KBDC shares. Keefe, Bruyette & Woods lowered their price target on shares of Kayne Anderson BDC from $17.00 to $16.50 and set a "market perform" rating for the company in a report on Tuesday, April 8th. UBS Group reduced their price target 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. Wells Fargo & Company dropped their price objective on Kayne Anderson BDC from $17.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, Royal Bank of Canada reduced their target price on Kayne Anderson BDC from $18.00 to $17.00 and set an "outperform" rating for the company in a research note on Monday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Kayne Anderson BDC has an average rating of "Moderate Buy" and an average price target of $16.60.

Kayne Anderson BDC Price Performance

NYSE KBDC traded up $0.05 on Tuesday, hitting $15.75. 95,655 shares of the stock traded hands, compared to its average volume of 92,555. The stock has a 50-day moving average of $16.12 and a 200 day moving average of $16.54. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. Kayne Anderson BDC, Inc. has a twelve month low of $13.93 and a twelve month high of $17.99.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last issued its earnings results on Monday, March 3rd. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.03). The business had revenue of $56.34 million for the quarter, compared to analyst estimates of $53.01 million. Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. Equities research analysts expect that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current year.

Kayne Anderson BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.60 dividend on an annualized basis and a yield of 10.16%.

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.