HB Wealth Management LLC Acquires 24,226 Shares of Kayne Anderson BDC, Inc. $KBDC

HB Wealth Management LLC boosted its holdings in Kayne Anderson BDC, Inc. (NYSE:KBDC) by 14.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 196,671 shares of the company’s stock after purchasing an additional 24,226 shares during the period. HB Wealth Management LLC’s holdings in Kayne Anderson BDC were worth $3,001,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Sage Mountain Advisors LLC increased its position in shares of Kayne Anderson BDC by 166.5% in the first quarter. Sage Mountain Advisors LLC now owns 541,109 shares of the company’s stock valued at $8,777,000 after acquiring an additional 338,043 shares during the period. Requisite Capital Management LLC increased its position in shares of Kayne Anderson BDC by 10.9% in the first quarter. Requisite Capital Management LLC now owns 365,783 shares of the company’s stock valued at $6,083,000 after acquiring an additional 35,843 shares during the period. Centric Wealth Management increased its position in shares of Kayne Anderson BDC by 93.1% in the first quarter. Centric Wealth Management now owns 137,620 shares of the company’s stock valued at $2,232,000 after acquiring an additional 66,350 shares during the period. Summit Trail Advisors LLC increased its position in shares of Kayne Anderson BDC by 100.0% in the first quarter. Summit Trail Advisors LLC now owns 106,310 shares of the company’s stock valued at $1,767,000 after acquiring an additional 53,155 shares during the period. Finally, SlateStone Wealth LLC increased its position in shares of Kayne Anderson BDC by 83.8% in the first quarter. SlateStone Wealth LLC now owns 103,052 shares of the company’s stock valued at $1,672,000 after acquiring an additional 46,997 shares during the period.

Kayne Anderson BDC Price Performance

Shares of NYSE KBDC opened at $13.15 on Thursday. 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. The company’s 50-day moving average is $14.91 and its 200 day moving average is $15.55. The stock has a market capitalization of $927.77 million, a P/E ratio of 7.78 and a beta of 0.15.

Kayne Anderson BDC (NYSE:KBDC) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). Kayne Anderson BDC had a net margin of 52.99% and a return on equity of 10.90%. The company had revenue of $57.30 million for the quarter, compared to analysts’ expectations of $49.37 million. On average, sell-side analysts expect that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current year.

Kayne Anderson BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.60 annualized dividend and a dividend yield of 12.2%. Kayne Anderson BDC’s payout ratio is currently 94.67%.

Analysts Set New Price Targets

Separately, UBS Group boosted their price objective on shares of Kayne Anderson BDC from $16.00 to $16.50 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Kayne Anderson BDC presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

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.