Confluence Investment Management LLC Acquires 13,788 Shares of Kayne Anderson BDC, Inc. (NYSE:KBDC)

Confluence Investment Management LLC boosted its holdings in Kayne Anderson BDC, Inc. (NYSE:KBDC) by 15.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 103,788 shares of the company’s stock after acquiring an additional 13,788 shares during the period. Confluence Investment Management LLC owned 0.15% of Kayne Anderson BDC worth $1,682,000 as of its most recent filing with the Securities and Exchange Commission.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 target price on shares of Kayne Anderson BDC in a research note on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Kayne Anderson BDC currently has an average rating of “Moderate Buy” and a consensus target price of $17.10.

Kayne Anderson BDC Stock Performance

NYSE:KBDC opened at $16.51 on Friday. The business’s 50-day moving average price is $16.15. Kayne Anderson BDC, Inc. has a 1-year low of $15.69 and a 1-year high of $16.73. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52.

Kayne Anderson BDC (NYSE:KBDC) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. Kayne Anderson BDC had a net margin of 52.29% and a return on equity of 11.79%. The firm had revenue of $52.45 million during the quarter. On average, research analysts forecast that Kayne Anderson BDC, Inc. will post 2.03 earnings per share for the current year.

Kayne Anderson BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.69%. The ex-dividend date was Monday, September 30th.

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.