Kayne Anderson BDC, Inc. $KBDC Stock Holdings Lifted by SNS Financial Group LLC

SNS Financial Group LLC raised its position in Kayne Anderson BDC, Inc. (NYSE:KBDC) by 50.0% during the second quarter, HoldingsChannel.com reports. The firm owned 21,126 shares of the company’s stock after buying an additional 7,042 shares during the quarter. SNS Financial Group LLC’s holdings in Kayne Anderson BDC were worth $331,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Balentine LLC purchased a new position in Kayne Anderson BDC in the second quarter valued at about $182,000. BIP Wealth LLC lifted its stake in shares of Kayne Anderson BDC by 50.0% in the 2nd quarter. BIP Wealth LLC now owns 30,424 shares of the company’s stock valued at $464,000 after purchasing an additional 10,142 shares during the last quarter. Sage Mountain Advisors LLC lifted 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 valued at $14,198,000 after purchasing an additional 389,317 shares during the last quarter. Forvis Mazars Wealth Advisors LLC acquired a new stake in shares of Kayne Anderson BDC in the 2nd quarter valued at $227,000. Finally, Arcus Capital Partners LLC acquired a new stake in shares of Kayne Anderson BDC in the 2nd quarter valued at $189,000.

Kayne Anderson BDC Stock Up 0.2%

Kayne Anderson BDC stock opened at $14.35 on Wednesday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 8.49 and a beta of 0.18. 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 $14.27 and a two-hundred day moving average price of $15.21.

Kayne Anderson BDC (NYSE:KBDC) last released its earnings results on Monday, August 11th. The company reported $0.40 earnings per share 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 firm had revenue of $57.30 million for the quarter, compared to analyst estimates of $49.37 million. 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Tuesday, September 30th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Kayne Anderson BDC’s payout ratio is currently 94.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group reduced 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 research note on Tuesday, October 14th. Keefe, Bruyette & Woods raised 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 research note on Monday, October 6th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.13.

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.