Kayne Anderson BDC, Inc. (NYSE:KBDC) Declares $0.10 Dividend

Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) declared a dividend on Tuesday, June 3rd, investing.com reports. Investors of record on Tuesday, June 10th will be given 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 Stock Up 0.9%

NYSE KBDC traded up $0.14 during trading on Friday, reaching $15.92. 100,945 shares of the company's stock were exchanged, compared to its average volume of 91,113. Kayne Anderson BDC has a 1 year low of $13.93 and a 1 year high of $17.99. 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 stock has a market cap of $1.13 billion and a P/E ratio of 8.84. The company has a 50 day moving average price of $15.78 and a two-hundred day moving average price of $16.46.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). The company had revenue of $55.25 million for the quarter, compared to analysts' expectations of $58.43 million. Kayne Anderson BDC had a net margin of 59.80% and a return on equity of 12.65%. On average, equities research analysts anticipate that Kayne Anderson BDC will post 2.06 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Albert Rabil sold 30,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $15.68, for a total value of $470,400.00. Following the sale, the director now owns 121,686 shares in the company, valued at $1,908,036.48. This represents a 19.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 3.20% of the company's stock.

Institutional Investors Weigh In On Kayne Anderson BDC

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

Analysts Set New Price Targets

Several research firms have commented on KBDC. Royal Bank of Canada reaffirmed 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 reduced their price objective 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. Wells Fargo & Company dropped their target price on 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. Finally, UBS Group dropped their target price 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Kayne Anderson BDC currently has an average rating of "Moderate Buy" and an average target price 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.