Cubist Systematic Strategies LLC Buys New Stake in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Cubist Systematic Strategies LLC bought a new stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,814 shares of the company’s stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KBDC. CIBC Private Wealth Group LLC purchased a new position in shares of Kayne Anderson BDC in the fourth quarter worth $46,000. BIP Wealth LLC purchased a new position in shares of Kayne Anderson BDC in the fourth quarter worth $168,000. Perigon Wealth Management LLC purchased a new position in shares of Kayne Anderson BDC in the fourth quarter worth $169,000. Cerity Partners LLC purchased a new position in shares of Kayne Anderson BDC in the fourth quarter worth $170,000. Finally, Accredited Investors Inc. purchased a new position in shares of Kayne Anderson BDC in the fourth quarter worth $196,000.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on KBDC shares. Wells Fargo & Company decreased their price target on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, April 28th. UBS Group reduced their target price 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. Royal Bank of Canada reduced their target price on shares of Kayne Anderson BDC from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Monday, May 5th. Finally, Keefe, Bruyette & Woods reduced 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 report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.60.

Kayne Anderson BDC Stock Up 1.5%

KBDC stock opened at $16.36 on Friday. The firm has a market cap of $1.17 billion and a PE ratio of 9.09. 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 firm’s fifty day moving average is $16.00 and its 200 day moving average is $16.52. Kayne Anderson BDC, Inc. has a one year low of $13.93 and a one year high of $17.99.

Kayne Anderson BDC (NYSE:KBDC) last released its quarterly earnings results on Monday, May 12th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $55.25 million for the quarter, compared to analyst estimates of $58.43 million. Kayne Anderson BDC had a net margin of 59.80% and a return on equity of 12.65%. On average, research analysts forecast that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current year.

Kayne Anderson BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Monday, June 30th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.60 annualized dividend and a yield of 9.78%. Kayne Anderson BDC’s dividend payout ratio is presently 88.89%.

Kayne Anderson BDC 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.