53,182 Shares in Kayne Anderson BDC, Inc. $KBDC Acquired by Sei Investments Co.

Sei Investments Co. purchased a new stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 53,182 shares of the company’s stock, valued at approximately $730,000.

Other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC boosted its holdings in Kayne Anderson BDC by 16.0% in the fourth quarter. Advisory Services Network LLC now owns 10,206 shares of the company’s stock worth $146,000 after purchasing an additional 1,407 shares during the last quarter. Sovereign Financial Group Inc. bought a new stake in Kayne Anderson BDC during the first quarter valued at about $155,000. Brevan Howard Capital Management LP bought a new position in shares of Kayne Anderson BDC during the 3rd quarter valued at approximately $156,000. Osaic Holdings Inc. boosted its position in shares of Kayne Anderson BDC by 70.9% in the second quarter. Osaic Holdings Inc. now owns 10,268 shares of the company’s stock worth $157,000 after purchasing an additional 4,261 shares during the period. Finally, Centiva Capital LP bought a new position in Kayne Anderson BDC in the 3rd quarter worth $172,000.

Kayne Anderson BDC Trading Up 1.1%

NYSE KBDC opened at $13.75 on Friday. The stock has a market cap of $908.05 million, a PE ratio of 12.61 and a beta of 0.31. Kayne Anderson BDC, Inc. has a 12 month low of $13.06 and a 12 month high of $15.87. The company’s 50-day moving average price is $13.79 and its 200-day moving average price is $14.07. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.04.

Kayne Anderson BDC (NYSE:KBDC) last issued its earnings results on Monday, August 10th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $19.27 million during the quarter, compared to analyst estimates of $51.86 million. Kayne Anderson BDC had a return on equity of 10.51% and a net margin of 31.54%. Equities research analysts forecast that Kayne Anderson BDC, Inc. will post 1.62 earnings per share for the current year.

Kayne Anderson BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date is Wednesday, September 30th. Kayne Anderson BDC’s dividend payout ratio (DPR) is currently 146.79%.

Wall Street Analysts Forecast Growth

KBDC has been the subject of several research analyst reports. UBS Group raised their target price on shares of Kayne Anderson BDC from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Wells Fargo & Company reissued an “equal weight” rating and set a $14.00 price target (down from $15.00) on shares of Kayne Anderson BDC in a research note on Friday, June 12th. Finally, Royal Bank Of Canada cut their price target on Kayne Anderson BDC from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.88.

Kayne Anderson BDC Profile

Kayne Anderson BDC, Inc (NYSE: KBDC) is a closed-end, non-diversified management investment company structured as a business development company under the Investment Company Act of 1940. The firm focuses on providing bespoke financing solutions to U.S. middle-market companies, offering first-lien and second-lien secured loans, unitranche facilities, mezzanine debt and selected equity co-investments. KBDC targets businesses with EBITDA profiles generally ranging from $10 million to $100 million, aiming to generate attractive income and potential capital appreciation for shareholders.

The company’s portfolio spans a variety of sectors, including healthcare, technology, energy services, consumer products and industrials.