Kayne Anderson BDC (NYSE:KBDC) Sees Unusually-High Trading Volume - Here's Why

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) saw an uptick in trading volume on Monday . 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

Separately, UBS Group raised their price objective on shares of 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 given a Hold rating to the company's stock. According to data from MarketBeat, Kayne Anderson BDC currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.50.

Kayne Anderson BDC Stock Performance

The company has a market capitalization of $1.01 billion, a P/E ratio of 8.43 and a beta of 0.28. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.45 and a current ratio of 1.45. The business's fifty day simple moving average is $15.29 and its 200-day simple moving average is $15.70.

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

Kayne Anderson BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders 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 11.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Kayne Anderson BDC's payout ratio is 94.67%.

Institutional Investors Weigh In On Kayne Anderson BDC

Several large investors have recently made changes to their positions in KBDC. Koch Inc. bought a new stake in shares of Kayne Anderson BDC in the second quarter worth about $185,887,000. Bank of America Corp DE increased its holdings in shares of Kayne Anderson BDC by 180.1% in the second quarter. Bank of America Corp DE now owns 4,596,731 shares of the company's stock worth $70,146,000 after purchasing an additional 2,955,661 shares during the last quarter. Merit Financial Group LLC purchased a new position in shares of Kayne Anderson BDC in the 2nd quarter worth $26,525,000. Requisite Capital Management LLC grew its stake in shares of Kayne Anderson BDC by 130.4% in the 2nd quarter. Requisite Capital Management LLC now owns 842,721 shares of the company's stock worth $13,197,000 after buying an additional 476,938 shares in the last quarter. Finally, Sage Mountain Advisors LLC grew its stake in shares of Kayne Anderson BDC by 71.9% in the 2nd quarter. Sage Mountain Advisors LLC now owns 930,426 shares of the company's stock worth $14,198,000 after buying an additional 389,317 shares in 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.