SlateStone Wealth LLC Makes New $927,000 Investment in Kayne Anderson BDC, Inc. (NYSE:KBDC)

SlateStone Wealth LLC bought a new position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 56,055 shares of the company’s stock, valued at approximately $927,000. SlateStone Wealth LLC owned about 0.08% of Kayne Anderson BDC at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new position in Kayne Anderson BDC during the 3rd quarter worth approximately $44,000. Confluence Investment Management LLC increased its position in shares of Kayne Anderson BDC by 5.9% during the fourth quarter. Confluence Investment Management LLC now owns 109,957 shares of the company’s stock worth $1,819,000 after buying an additional 6,169 shares during the period. Perigon Wealth Management LLC bought a new position in Kayne Anderson BDC during the fourth quarter worth $169,000. Franklin Resources Inc. lifted its holdings in Kayne Anderson BDC by 21.1% in the third quarter. Franklin Resources Inc. now owns 64,680 shares of the company’s stock valued at $1,033,000 after buying an additional 11,289 shares during the period. Finally, Apollon Wealth Management LLC bought a new stake in Kayne Anderson BDC during the fourth quarter valued at $210,000.

Insider Transactions at Kayne Anderson BDC

In related news, Director Susan C. Schnabel acquired 2,500 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were bought at an average price of $16.54 per share, with a total value of $41,350.00. Following the transaction, the director now directly owns 8,087 shares of the company’s stock, valued at $133,758.98. This trade represents a 44.75 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lifted their price objective on Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.30.

Kayne Anderson BDC Stock Up 1.0 %

Shares of NYSE KBDC opened at $16.64 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36. The company’s fifty day simple moving average is $16.96 and its 200 day simple moving average is $16.58. Kayne Anderson BDC, Inc. has a 12-month low of $15.69 and a 12-month high of $17.99.

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

Kayne Anderson BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given 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 dividend yield of 9.62%.

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.