Kayne Anderson BDC (NYSE:KBDC) Sees Strong Trading Volume - What's Next?

Key Points

• Kayne Anderson BDC experienced an unusual trading volume of approximately 140,443 shares, down 4% from the previous session, with the stock last trading at $14.75.
• Analysts have a consensus rating of Moderate Buy for KBDC, with a price target averaging $16.50, while two analysts rated it a Buy and two a Hold.
• The company will pay a quarterly dividend of $0.40 on October 16th, which equates to an annualized yield of 11.1%.

Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 140,443 shares were traded during trading, a decline of 4% from the previous session's volume of 146,659 shares.The stock last traded at $14.75 and had previously closed at $15.08.

Analyst Ratings Changes

KBDC has been the topic of a number of recent research reports. Royal Bank Of Canada reissued an "outperform" rating and set a $17.00 price objective on shares of Kayne Anderson BDC in a research note on Monday, May 19th. UBS Group lifted their target price on Kayne Anderson BDC from $16.00 to $16.50 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $16.50.

Kayne Anderson BDC Trading Down 4.7%

The company has a 50 day moving average price of $15.45 and a 200 day moving average price of $15.78. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 8.50 and a beta of 0.29. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 1.45.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). The firm had revenue of $57.30 million during the quarter, compared to analysts' expectations of $49.37 million. Kayne Anderson BDC had a net margin of 52.99% and a return on equity of 10.90%. On average, research analysts expect that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current year.

Kayne Anderson BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 11.1%. The ex-dividend date is Tuesday, September 30th. Kayne Anderson BDC's payout ratio is currently 94.67%.

Institutional Investors Weigh In On Kayne Anderson BDC

Several large investors have recently bought and sold shares of the stock. Valeo Financial Advisors LLC purchased a new stake in Kayne Anderson BDC during the 2nd quarter worth about $184,000. Osaic Holdings Inc. increased its holdings in Kayne Anderson BDC by 70.9% during the 2nd quarter. Osaic Holdings Inc. now owns 10,268 shares of the company's stock worth $157,000 after purchasing an additional 4,261 shares during the period. Promus Capital LLC increased its holdings in Kayne Anderson BDC by 100.0% during the 2nd quarter. Promus Capital LLC now owns 24,881 shares of the company's stock worth $380,000 after purchasing an additional 12,441 shares during the period. Marex Group plc purchased a new stake in Kayne Anderson BDC during the 2nd quarter worth about $285,000. Finally, Global View Capital Management LLC increased its holdings in Kayne Anderson BDC by 50.0% during the 2nd quarter. Global View Capital Management LLC now owns 15,468 shares of the company's stock worth $236,000 after purchasing an additional 5,156 shares during the period.

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.

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