Kayne Anderson BDC, Inc. (NYSE:KBDC) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) by 584.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 145,100 shares of the company's stock after purchasing an additional 123,900 shares during the quarter. Renaissance Technologies LLC owned 0.20% of Kayne Anderson BDC worth $2,400,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of KBDC. Requisite Capital Management LLC purchased a new position in shares of Kayne Anderson BDC in the fourth quarter valued at $5,589,000. Corient Private Wealth LLC purchased a new position in Kayne Anderson BDC during the 4th quarter valued at about $4,205,000. Sage Mountain Advisors LLC acquired a new position in Kayne Anderson BDC during the fourth quarter worth about $3,359,000. HB Wealth Management LLC purchased a new stake in shares of Kayne Anderson BDC in the fourth quarter valued at about $1,591,000. Finally, Centric Wealth Management purchased a new position in shares of Kayne Anderson BDC during the 4th quarter worth approximately $1,179,000.

Kayne Anderson BDC Stock Down 0.2 %

Kayne Anderson BDC stock opened at $16.25 on Friday. Kayne Anderson BDC, Inc. has a one year low of $13.93 and a one year high of $17.99. The stock's 50 day moving average price is $16.29 and its 200 day moving average price is $16.54. 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 announced its earnings results on Monday, March 3rd. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.03). Kayne Anderson BDC had a net margin of 59.80% and a return on equity of 12.65%. The firm had revenue of $56.34 million during the quarter, compared to analysts' expectations of $53.01 million. Research analysts forecast that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current fiscal year.

Kayne Anderson BDC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 9.85%. The ex-dividend date was Monday, March 31st.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Keefe, Bruyette & Woods reduced their price objective on Kayne Anderson BDC from $17.00 to $16.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. UBS Group lowered their price target on shares of Kayne Anderson BDC from $16.50 to $16.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. 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 company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.00.

About Kayne Anderson BDC

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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