Corient Private Wealth LLC acquired a new stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 264,549 shares of the company's stock, valued at approximately $4,205,000. Corient Private Wealth LLC owned about 0.37% of Kayne Anderson BDC at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of KBDC. BNP Paribas Financial Markets bought a new stake in Kayne Anderson BDC in the 3rd quarter valued at $44,000. Confluence Investment Management LLC grew its holdings 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 valued at $1,819,000 after buying an additional 6,169 shares during the last quarter. Perigon Wealth Management LLC purchased a new position in Kayne Anderson BDC during the 4th quarter worth approximately $169,000. Franklin Resources Inc. lifted its stake in shares of Kayne Anderson BDC by 21.1% in the 3rd quarter. Franklin Resources Inc. now owns 64,680 shares of the company's stock valued at $1,033,000 after purchasing an additional 11,289 shares during the period. Finally, Apollon Wealth Management LLC acquired a new stake in Kayne Anderson BDC in the 4th quarter valued at $210,000.
Kayne Anderson BDC Trading Up 0.5 %
Shares of NYSE:KBDC traded up $0.09 during midday trading on Wednesday, hitting $16.73. The company's stock had a trading volume of 78,888 shares, compared to its average volume of 79,442. The business's 50 day simple moving average is $16.98 and its 200 day simple moving average is $16.61. 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 - Get Free Report) last released its earnings results 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 business had revenue of $56.34 million for the quarter, compared to analyst estimates of $53.01 million. Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. Sell-side analysts forecast that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current year.
Kayne Anderson BDC Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.40 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.60 annualized dividend and a dividend yield of 9.57%.
Kayne Anderson BDC Profile
(
Free Report)
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.
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