Renaissance Technologies LLC Grows Stock Holdings in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Renaissance Technologies LLC lifted its stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) by 584.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 145,100 shares of the company's stock after purchasing an additional 123,900 shares during the quarter. Renaissance Technologies LLC owned about 0.20% of Kayne Anderson BDC worth $2,400,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KBDC. Requisite Capital Management LLC acquired a new position in Kayne Anderson BDC in the 4th quarter valued at $5,589,000. Summit Trail Advisors LLC purchased a new position in Kayne Anderson BDC in the 4th quarter valued at about $900,000. Franklin Resources Inc. increased its stake in shares of Kayne Anderson BDC by 21.1% in the third quarter. Franklin Resources Inc. now owns 64,680 shares of the company's stock worth $1,033,000 after buying an additional 11,289 shares during the last quarter. Cerity Partners LLC acquired a new position in Kayne Anderson BDC in the fourth quarter worth about $170,000. Finally, Magnus Financial Group LLC acquired a new position in shares of Kayne Anderson BDC in the 4th quarter worth approximately $489,000.

Wall Street Analysts Forecast Growth

KBDC has been the subject of several recent analyst reports. 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 for the company in a research report on Tuesday, April 8th. UBS Group cut their price target on shares of Kayne Anderson BDC from $16.50 to $16.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Finally, Wells Fargo & Company dropped their price target on Kayne Anderson BDC from $17.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $16.80.

Kayne Anderson BDC Stock Down 2.0 %

Shares of NYSE:KBDC traded down $0.32 on Wednesday, hitting $15.90. The stock had a trading volume of 59,624 shares, compared to its average volume of 91,951. The company has a quick ratio of 1.36, a current 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. The firm's 50 day moving average price is $16.24 and its 200-day moving average price is $16.54.

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

Kayne Anderson BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.40 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.60 annualized dividend and a yield of 10.06%.

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.