Kayne Anderson BDC, Inc. (NYSE:KBDC) Director Albert Rabil Sells 314,465 Shares

Kayne Anderson BDC, Inc. (NYSE:KBDC) Director Albert Rabil sold 314,465 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $15.90, for a total transaction of $4,999,993.50. Following the completion of the sale, the director now owns 151,686 shares in the company, valued at $2,411,807.40. This represents a 67.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Albert Rabil also recently made the following trade(s):

• On Friday, May 23rd, Albert Rabil sold 30,000 shares of Kayne Anderson BDC stock. The stock was sold at an average price of $15.68, for a total transaction of $470,400.00.

Kayne Anderson BDC Trading Down 1.5%

Shares of Kayne Anderson BDC stock opened at $15.62 on Friday. The company’s fifty day simple moving average is $15.94 and its 200-day simple moving average is $16.51. The stock has a market capitalization of $1.11 billion and a PE ratio of 8.68. Kayne Anderson BDC, Inc. has a 1-year low of $13.93 and a 1-year high of $17.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36.

Kayne Anderson BDC (NYSE:KBDC) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). The business had revenue of $55.25 million for the quarter, compared to analysts’ expectations of $58.43 million. Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. As a group, equities analysts anticipate that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current year.

Kayne Anderson BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 10.24%. The ex-dividend date of this dividend is Monday, June 30th. Kayne Anderson BDC’s dividend payout ratio is presently 88.89%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KBDC shares. UBS Group dropped their target price on shares of Kayne Anderson BDC from $16.50 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 target price on shares of Kayne Anderson BDC in a report on Monday, May 19th. Wells Fargo & Company dropped their target price on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Kayne Anderson BDC from $17.00 to $16.50 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Requisite Capital Management LLC purchased a new position in shares of Kayne Anderson BDC during the 4th quarter worth $5,589,000. Summit Trail Advisors LLC bought a new stake in shares of Kayne Anderson BDC during the 4th quarter valued at $900,000. Cerity Partners LLC bought a new stake in shares of Kayne Anderson BDC during the 4th quarter valued at $170,000. Invesco Ltd. bought a new stake in shares of Kayne Anderson BDC during the 4th quarter valued at $712,000. Finally, Magnus Financial Group LLC bought a new stake in shares of Kayne Anderson BDC during the 4th quarter valued at $489,000.

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.