Arcus Capital Partners LLC Takes $189,000 Position in Kayne Anderson BDC, Inc. $KBDC

Arcus Capital Partners LLC purchased a new stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,375 shares of the company’s stock, valued at approximately $189,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Cerity Partners LLC grew its holdings 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 acquiring an additional 63,041 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Kayne Anderson BDC in the 1st quarter valued at $269,000. Accelerate Investment Advisors LLC boosted its holdings in Kayne Anderson BDC by 50.0% in 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 boosted its holdings in Kayne Anderson BDC by 130.4% in the second 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 in the last quarter. Finally, Merit Financial Group LLC bought a new stake in Kayne Anderson BDC in the second quarter worth $26,525,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on KBDC shares. Keefe, Bruyette & Woods upgraded shares of Kayne Anderson BDC from a “market perform” rating to an “outperform” rating and set a $16.50 price objective for the company in a report on Monday, October 6th. UBS Group decreased their price objective on shares of Kayne Anderson BDC from $16.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Kayne Anderson BDC currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.13.

Kayne Anderson BDC Stock Down 0.1%

Kayne Anderson BDC stock opened at $13.72 on Friday. The firm has a market cap of $968.36 million, a price-to-earnings ratio of 8.12 and a beta of 0.14. 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, Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $17.99. The firm has a fifty day moving average price of $14.48 and a two-hundred day moving average price of $15.30.

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). The company had revenue of $57.30 million for the quarter, compared to analyst estimates of $49.37 million. Kayne Anderson BDC had a net margin of 52.99% and a return on equity of 10.90%. As a group, analysts forecast that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current year.

Kayne Anderson BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.7%. Kayne Anderson BDC’s dividend payout ratio is currently 94.67%.

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.