SlateStone Wealth LLC Purchases New Position in Kayne Anderson BDC, Inc. (NYSE:KBDC)

SlateStone Wealth LLC purchased a new stake in Kayne Anderson BDC, Inc. (NYSE:KBDC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 56,055 shares of the company’s stock, valued at approximately $927,000.

Several other large investors have also added to or reduced their stakes in the business. Requisite Capital Management LLC purchased a new stake in Kayne Anderson BDC in the 4th quarter valued at about $5,589,000. Corient Private Wealth LLC purchased a new stake in Kayne Anderson BDC in the 4th quarter valued at about $4,205,000. Sage Mountain Advisors LLC purchased a new stake in Kayne Anderson BDC in the 4th quarter valued at about $3,359,000. Confluence Investment Management LLC increased its stake in Kayne Anderson BDC by 5.9% in the 4th quarter. Confluence Investment Management LLC now owns 109,957 shares of the company’s stock valued at $1,819,000 after buying an additional 6,169 shares during the last quarter. Finally, HB Wealth Management LLC purchased a new stake in Kayne Anderson BDC in the 4th quarter valued at about $1,591,000.

Insider Transactions at Kayne Anderson BDC

In other Kayne Anderson BDC news, Director Susan C. Schnabel acquired 2,500 shares of Kayne Anderson BDC stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average cost of $16.54 per share, for a total transaction of $41,350.00. Following the purchase, the director now owns 8,087 shares of the company’s stock, valued at approximately $133,758.98. This represents a 44.75 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Kayne Anderson BDC Trading Up 1.0 %

Shares of KBDC stock opened at $16.64 on Monday. The company has a 50 day moving average of $16.96 and a 200-day moving average of $16.58. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.36. 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 issued its quarterly earnings results on Monday, March 3rd. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.03). Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. The company had revenue of $56.34 million for the quarter, compared to analysts’ expectations of $53.01 million. As a group, analysts predict that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current fiscal year.

Kayne Anderson BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 31st. This represents a $1.60 annualized dividend and a dividend yield of 9.62%.

Kayne Anderson BDC 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.