North Ground Capital Invests $1.33 Million in Kayne Anderson BDC, Inc. $KBDC

North Ground Capital purchased a new position in Kayne Anderson BDC, Inc. (NYSE:KBDC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 100,000 shares of the company’s stock, valued at approximately $1,332,000. North Ground Capital owned approximately 0.14% of Kayne Anderson BDC at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Koch Inc. bought a new position in shares of Kayne Anderson BDC in the second quarter worth approximately $185,887,000. Bank of America Corp DE raised its holdings in Kayne Anderson BDC by 180.1% in the 2nd quarter. Bank of America Corp DE now owns 4,596,731 shares of the company’s stock worth $70,146,000 after acquiring an additional 2,955,661 shares during the last quarter. Merit Financial Group LLC bought a new position in Kayne Anderson BDC in the 2nd quarter valued at approximately $26,525,000. Requisite Capital Management LLC boosted its stake in Kayne Anderson BDC by 130.4% during the 2nd quarter. Requisite Capital Management LLC now owns 842,721 shares of the company’s stock valued at $13,197,000 after purchasing an additional 476,938 shares during the last quarter. Finally, Sage Mountain Advisors LLC increased its holdings 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 worth $14,198,000 after purchasing an additional 389,317 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms recently commented on KBDC. UBS Group dropped their price objective on Kayne Anderson BDC from $16.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Royal Bank Of Canada reduced their price target on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Keefe, Bruyette & Woods lowered their price objective on shares of Kayne Anderson BDC from $16.50 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, November 13th. Finally, Wells Fargo & Company cut their target price on shares of Kayne Anderson BDC from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.50.

Kayne Anderson BDC Stock Performance

KBDC opened at $14.80 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.00. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 9.80 and a beta of 0.16. The company’s 50 day moving average is $14.93 and its 200 day moving average is $14.85. Kayne Anderson BDC, Inc. has a 12-month low of $13.06 and a 12-month high of $17.99.

Kayne Anderson BDC (NYSE:KBDC) last released its quarterly earnings results on Monday, November 10th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. Kayne Anderson BDC had a net margin of 46.55% and a return on equity of 10.40%. The business had revenue of $61.37 million for the quarter, compared to the consensus estimate of $53.97 million. On average, equities research analysts predict that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current year.

Kayne Anderson BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.60 annualized dividend and a dividend yield of 10.8%. Kayne Anderson BDC’s dividend payout ratio (DPR) is 105.96%.

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.