Accredited Investors Inc. Takes $196,000 Position in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Accredited Investors Inc. purchased a new position in Kayne Anderson BDC, Inc. (NYSE:KBDC) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 11,824 shares of the company’s stock, valued at approximately $196,000.

A number of other large investors also recently bought and sold shares of KBDC. BNP Paribas Financial Markets bought a new position in Kayne Anderson BDC in the 3rd quarter worth about $44,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Kayne Anderson BDC during the fourth quarter valued at approximately $46,000. Cerity Partners LLC bought a new stake in shares of Kayne Anderson BDC during the fourth quarter valued at approximately $170,000. Perigon Wealth Management LLC purchased a new position in Kayne Anderson BDC in the 4th quarter worth approximately $169,000. Finally, Virtu Financial LLC bought a new position in Kayne Anderson BDC in the 4th quarter valued at approximately $197,000.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods decreased their price target on Kayne Anderson BDC from $17.00 to $16.50 and set a “market perform” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

Kayne Anderson BDC Stock Down 3.5 %

Shares of KBDC opened at $14.84 on Friday. Kayne Anderson BDC, Inc. has a 1-year low of $13.93 and a 1-year high of $17.99. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The firm has a fifty day simple moving average of $16.67 and a two-hundred day simple moving average of $16.56.

Kayne Anderson BDC (NYSE:KBDC) last posted its earnings results on Monday, March 3rd. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). Kayne Anderson BDC had a net margin of 59.80% and a return on equity of 12.65%. The firm had revenue of $56.34 million during the quarter, compared to the consensus estimate of $53.01 million. On average, equities research analysts expect that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current year.

Kayne Anderson BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 31st. This represents a $1.60 dividend on an annualized basis and a yield of 10.79%.

Kayne Anderson BDC Company 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.