Valeo Financial Advisors LLC Purchases New Position in Kayne Anderson BDC, Inc. $KBDC

Valeo Financial Advisors LLC acquired a new stake in Kayne Anderson BDC, Inc. (NYSE:KBDC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,090 shares of the company’s stock, valued at approximately $184,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cerity Partners LLC lifted its position in shares of Kayne Anderson BDC by 628.4% during the 1st quarter. Cerity Partners LLC now owns 73,073 shares of the company’s stock valued at $1,185,000 after buying an additional 63,041 shares in the last quarter. HighTower Advisors LLC acquired a new position in Kayne Anderson BDC during the first quarter worth $269,000. Accelerate Investment Advisors LLC increased its stake in shares of Kayne Anderson BDC by 50.0% during the second quarter. Accelerate Investment Advisors LLC now owns 62,743 shares of the company’s stock worth $957,000 after purchasing an additional 20,915 shares in the last quarter. Requisite Capital Management LLC raised its position in shares of Kayne Anderson BDC by 130.4% during the 2nd quarter. Requisite Capital Management LLC now owns 842,721 shares of the company’s stock worth $13,197,000 after purchasing an additional 476,938 shares during the last quarter. Finally, HB Wealth Management LLC raised its position in shares of Kayne Anderson BDC by 14.0% during the 2nd quarter. HB Wealth Management LLC now owns 196,671 shares of the company’s stock worth $3,001,000 after purchasing an additional 24,226 shares during the last quarter.

Kayne Anderson BDC Trading Down 0.6%

Shares of Kayne Anderson BDC stock opened at $13.57 on Friday. The stock has a market cap of $957.77 million, a P/E ratio of 8.03 and a beta of 0.14. The stock’s 50 day simple moving average is $14.63 and its 200-day simple moving average is $15.40. Kayne Anderson BDC, Inc. has a 1-year low of $13.06 and a 1-year high of $17.99. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.45 and a quick ratio of 1.45.

Kayne Anderson BDC (NYSE:KBDC) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Kayne Anderson BDC had a return on equity of 10.90% and a net margin of 52.99%.The company had revenue of $57.30 million for the quarter, compared to analysts’ expectations of $49.37 million. Analysts predict that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current fiscal 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. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.8%. Kayne Anderson BDC’s dividend payout ratio is currently 94.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KBDC shares. Keefe, Bruyette & Woods upgraded Kayne Anderson BDC from a “market perform” rating to an “outperform” rating and set a $16.50 price objective on the stock in a report on Monday, October 6th. UBS Group boosted their price target on Kayne Anderson BDC from $16.00 to $16.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 16th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $16.50.

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.