SlateStone Wealth LLC Trims Stake in Kayne Anderson BDC, Inc. $KBDC

SlateStone Wealth LLC lessened its holdings in Kayne Anderson BDC, Inc. (NYSE:KBDC) by 36.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 94,644 shares of the company’s stock after selling 55,329 shares during the period. SlateStone Wealth LLC owned 0.14% of Kayne Anderson BDC worth $1,355,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. TT Capital Management LLC purchased a new stake in Kayne Anderson BDC in the 4th quarter worth $308,000. Platt Wealth Management LLC purchased a new stake in Kayne Anderson BDC in the 4th quarter worth $175,000. Activest Wealth Management purchased a new stake in Kayne Anderson BDC in the 4th quarter worth $2,984,000. State of Michigan Retirement System purchased a new position in Kayne Anderson BDC in the 4th quarter worth approximately $94,036,000. Finally, UBS Group AG lifted its holdings in Kayne Anderson BDC by 265.0% in the 4th quarter. UBS Group AG now owns 576,812 shares of the company’s stock worth $8,260,000 after purchasing an additional 418,789 shares in the last quarter.

Wall Street Analysts Forecast Growth

KBDC has been the topic of a number of research analyst reports. UBS Group boosted their price target on Kayne Anderson BDC from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Keefe, Bruyette & Woods lowered their price target on Kayne Anderson BDC from $16.00 to $15.50 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. Finally, Wells Fargo & Company boosted their price target on Kayne Anderson BDC from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Kayne Anderson BDC has an average rating of “Moderate Buy” and an average price target of $15.38.

Kayne Anderson BDC Trading Down 1.4%

Shares of Kayne Anderson BDC stock opened at $14.33 on Friday. The firm has a market cap of $950.80 million, a price-to-earnings ratio of 11.20 and a beta of 0.25. The business has a 50-day moving average price of $14.47 and a 200-day moving average price of $14.47. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.04. Kayne Anderson BDC, Inc. has a twelve month low of $13.06 and a twelve month high of $16.28.

Kayne Anderson BDC (NYSE:KBDC) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $24.86 million during the quarter, compared to analyst estimates of $52.40 million. Kayne Anderson BDC had a return on equity of 10.47% and a net margin of 37.30%. Equities research analysts anticipate that Kayne Anderson BDC, Inc. will post 1.62 EPS for the current fiscal year.

Kayne Anderson BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.2%. Kayne Anderson BDC’s dividend payout ratio (DPR) is presently 125.00%.

Kayne Anderson BDC Company 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.