HB Wealth Management LLC Purchases Shares of 96,195 Kayne Anderson BDC, Inc. (NYSE:KBDC)

HB Wealth Management LLC acquired a new position in Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 96,195 shares of the company's stock, valued at approximately $1,591,000. HB Wealth Management LLC owned about 0.14% of Kayne Anderson BDC at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in Kayne Anderson BDC in the 3rd quarter worth about $44,000. Franklin Resources Inc. increased its position in shares of Kayne Anderson BDC by 21.1% during the third quarter. Franklin Resources Inc. now owns 64,680 shares of the company's stock worth $1,033,000 after acquiring an additional 11,289 shares during the period. Finally, Confluence Investment Management LLC increased its position in shares of Kayne Anderson BDC by 15.3% during the third quarter. Confluence Investment Management LLC now owns 103,788 shares of the company's stock worth $1,682,000 after acquiring an additional 13,788 shares during the period.

Analyst Ratings Changes

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

Kayne Anderson BDC Trading Up 0.0 %

Shares of KBDC traded up $0.01 during mid-day trading on Tuesday, hitting $16.70. The company's stock had a trading volume of 217,024 shares, compared to its average volume of 95,710. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36. The company's 50-day moving average is $16.66 and its 200-day moving average is $16.32. Kayne Anderson BDC, Inc. has a 52-week low of $15.69 and a 52-week high of $17.22.

Kayne Anderson BDC Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 9.58%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from Kayne Anderson BDC's previous quarterly dividend of $0.10.

Insider Activity

In other 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 purchased at an average price of $16.54 per share, for a total transaction of $41,350.00. Following the purchase, the director now directly owns 8,087 shares in the company, valued at $133,758.98. The trade was a 44.75 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.20% of the company's stock.

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.