203,066 Shares in Kayne Anderson BDC, Inc. (NYSE:KBDC) Bought by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC purchased a new stake in Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 203,066 shares of the company's stock, valued at approximately $3,359,000. Sage Mountain Advisors LLC owned approximately 0.29% of Kayne Anderson BDC at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Requisite Capital Management LLC bought a new position in Kayne Anderson BDC in the fourth quarter valued at $5,589,000. Summit Trail Advisors LLC acquired a new position in shares of Kayne Anderson BDC during the 4th quarter worth about $900,000. Franklin Resources Inc. grew its holdings 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 acquiring an additional 11,289 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of Kayne Anderson BDC in the fourth quarter valued at about $210,000. Finally, Magnus Financial Group LLC bought a new stake in Kayne Anderson BDC during the fourth quarter worth about $489,000.

Kayne Anderson BDC Price Performance

Shares of Kayne Anderson BDC stock traded down $0.04 during trading on Thursday, hitting $16.48. 135,379 shares of the stock were exchanged, compared to its average volume of 77,330. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average price of $16.96 and a 200-day moving average price of $16.58. Kayne Anderson BDC, Inc. has a 1-year low of $15.69 and a 1-year high of $17.99.

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Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last released its quarterly earnings data on Monday, March 3rd. The company reported $0.48 earnings per share (EPS) 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 business had revenue of $56.34 million during the quarter, compared to the consensus estimate of $53.01 million. 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 9.71%. The ex-dividend date of this dividend is Monday, March 31st.

Insider Transactions at Kayne Anderson BDC

In other news, Director Susan C. Schnabel bought 2,500 shares of the stock in a transaction dated Wednesday, December 18th. The shares were bought at an average price of $16.54 per share, for a total transaction of $41,350.00. Following the completion of the purchase, the director now owns 8,087 shares in the company, valued at approximately $133,758.98. This trade represents a 44.75 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised their price target on Kayne Anderson BDC from $17.00 to $18.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to 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.