Kayne Anderson BDC, Inc. to Issue Dividend of $0.10 (NYSE:KBDC)

Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) announced a dividend on Tuesday, June 3rd, investing.com reports. Investors of record on Tuesday, June 10th will be paid a dividend of 0.10 per share on Tuesday, June 24th. This represents a yield of 12.1%. The ex-dividend date is Monday, June 9th.

Kayne Anderson BDC Price Performance

Shares of NYSE KBDC traded up $0.08 during mid-day trading on Wednesday, hitting $15.74. 86,994 shares of the stock were exchanged, compared to its average volume of 91,383. Kayne Anderson BDC has a twelve month low of $13.93 and a twelve month high of $17.99. The stock's fifty day simple moving average is $15.81 and its two-hundred day simple moving average is $16.48. 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 company has a market cap of $1.12 billion and a P/E ratio of 8.74.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.40 earnings per share (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 business had revenue of $55.25 million during the quarter, compared to the consensus estimate of $58.43 million. As a group, analysts forecast that Kayne Anderson BDC will post 2.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on KBDC shares. Wells Fargo & Company reduced their target price on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. UBS Group decreased their price objective on Kayne Anderson BDC from $16.50 to $16.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Keefe, Bruyette & Woods dropped their target price 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. Finally, Royal Bank of Canada restated an "outperform" rating and set a $17.00 target price on shares of Kayne Anderson BDC in a research report on Monday, May 19th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $16.60.

Insider Transactions at Kayne Anderson BDC

In related news, Director Albert Rabil sold 30,000 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $15.68, for a total value of $470,400.00. Following the completion of the transaction, the director now directly owns 121,686 shares of the company's stock, valued at approximately $1,908,036.48. This represents a 19.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 387,485 shares of company stock valued at $6,151,830 over the last 90 days. 3.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in Kayne Anderson BDC by 119.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,285 shares of the company's stock valued at $491,000 after acquiring an additional 16,501 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of Kayne Anderson BDC in the first quarter worth $228,000. Finally, Acadian Asset Management LLC boosted its holdings in Kayne Anderson BDC by 341.2% during the first quarter. Acadian Asset Management LLC now owns 10,788 shares of the company's stock worth $173,000 after purchasing an additional 8,343 shares during the last quarter.

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.