Magnus Financial Group LLC Invests $489,000 in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Magnus Financial Group LLC purchased a new position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,577 shares of the company's stock, valued at approximately $489,000.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in shares of Kayne Anderson BDC during the third quarter worth approximately $44,000. Franklin Resources Inc. boosted its holdings in Kayne Anderson BDC by 21.1% in the third quarter. Franklin Resources Inc. now owns 64,680 shares of the company's stock worth $1,033,000 after purchasing an additional 11,289 shares during the period. HB Wealth Management LLC acquired a new position in Kayne Anderson BDC in the fourth quarter worth $1,591,000. Finally, Confluence Investment Management LLC boosted its holdings in Kayne Anderson BDC by 15.3% in the third quarter. Confluence Investment Management LLC now owns 103,788 shares of the company's stock worth $1,682,000 after purchasing an additional 13,788 shares during the period.

Kayne Anderson BDC Stock Down 0.0 %

KBDC stock traded down $0.01 during mid-day trading on Thursday, reaching $16.70. The company had a trading volume of 86,939 shares, compared to its average volume of 96,253. 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 one year low of $15.69 and a one year high of $17.22. The stock's 50-day simple moving average is $16.66 and its two-hundred day simple moving average is $16.33.

Kayne Anderson BDC Increases Dividend

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

Insider Activity at Kayne Anderson BDC

In other Kayne Anderson BDC news, Director Susan C. Schnabel bought 2,500 shares of the stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of $16.54 per share, with a total value 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.20% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lifted their price objective on shares of Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.30.

Kayne Anderson BDC 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.