20,000 Shares in Kayne Anderson BDC, Inc. (NYSE:KBDC) Acquired by Zuckerman Investment Group LLC

Zuckerman Investment Group LLC acquired a new position in Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,000 shares of the company's stock, valued at approximately $345,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in Kayne Anderson BDC in the 3rd quarter worth $44,000. CIBC Private Wealth Group LLC acquired a new position in shares of Kayne Anderson BDC during the 4th quarter worth about $46,000. Cerity Partners LLC purchased a new stake in Kayne Anderson BDC during the 4th quarter worth approximately $170,000. Perigon Wealth Management LLC purchased a new position in shares of Kayne Anderson BDC in the fourth quarter valued at approximately $169,000. Finally, Virtu Financial LLC acquired a new stake in shares of Kayne Anderson BDC in the fourth quarter worth approximately $197,000.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods decreased their price objective on Kayne Anderson BDC from $17.00 to $16.50 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Kayne Anderson BDC currently has a consensus rating of "Moderate Buy" and an average target price of $17.20.

Kayne Anderson BDC Price Performance

KBDC stock traded up $0.30 during trading on Tuesday, reaching $15.56. 124,415 shares of the stock were exchanged, compared to its average volume of 147,610. The business has a 50 day moving average price of $16.58 and a 200-day moving average price of $16.55. Kayne Anderson BDC, Inc. has a 1 year low of $13.93 and a 1 year high of $17.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last posted its earnings results on Monday, March 3rd. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.03). The business had revenue of $56.34 million during the quarter, compared to analysts' expectations of $53.01 million. Kayne Anderson BDC had a net margin of 59.80% and a return on equity of 12.65%. On average, sell-side analysts expect that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current year.

Kayne Anderson BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.60 annualized dividend and a yield of 10.28%.

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.