Kayne Anderson BDC, Inc. (NYSE:KBDC) Shares Acquired by Magnus Financial Group LLC

Magnus Financial Group LLC increased its stake in Kayne Anderson BDC, Inc. (NYSE:KBDC) by 32.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,261 shares of the company’s stock after purchasing an additional 9,684 shares during the period. Magnus Financial Group LLC’s holdings in Kayne Anderson BDC were worth $637,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KBDC. CIBC Private Wealth Group LLC acquired a new stake in Kayne Anderson BDC in the fourth quarter worth $46,000. BIP Wealth LLC bought a new position in shares of Kayne Anderson BDC during the fourth quarter worth about $168,000. Cerity Partners LLC acquired a new stake in shares of Kayne Anderson BDC in the 4th quarter worth about $170,000. Accredited Investors Inc. bought a new stake in Kayne Anderson BDC in the 4th quarter valued at about $196,000. Finally, Virtu Financial LLC acquired a new position in Kayne Anderson BDC during the 4th quarter valued at about $197,000.

Insider Activity

In related news, Director Albert Rabil sold 30,000 shares of Kayne Anderson BDC stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $15.68, for a total transaction of $470,400.00. Following the transaction, the director now directly owns 121,686 shares of the company’s stock, valued at $1,908,036.48. The trade was a 19.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 387,485 shares of company stock worth $6,151,830 over the last 90 days. 3.20% of the stock is currently owned by company insiders.

Kayne Anderson BDC Trading Up 0.9%

Shares of NYSE:KBDC opened at $15.92 on Friday. The company has a 50 day moving average of $15.78 and a 200-day moving average of $16.46. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The firm has a market cap of $1.13 billion and a P/E ratio of 8.84. Kayne Anderson BDC, Inc. has a twelve month low of $13.93 and a twelve month high of $17.99.

Kayne Anderson BDC (NYSE:KBDC) last announced its 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 the consensus estimate of $58.43 million. Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. As a group, analysts anticipate that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current fiscal year.

Kayne Anderson BDC Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be paid a $0.10 dividend. This represents a dividend yield of 12.1%. The ex-dividend date of this dividend is Monday, June 9th. Kayne Anderson BDC’s dividend payout ratio is presently 88.89%.

Analyst Ratings Changes

Several brokerages have commented on KBDC. Keefe, Bruyette & Woods dropped their price target on shares of Kayne Anderson BDC from $17.00 to $16.50 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company decreased their price objective on 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 cut their target price on Kayne Anderson BDC from $16.50 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 price target on shares of Kayne Anderson BDC in a research report on Monday, May 19th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Kayne Anderson BDC currently has an average rating of “Moderate Buy” and a consensus price target 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.