Corient Private Wealth LLC Reduces Holdings in Kayne Anderson BDC, Inc. $KBDC

Corient Private Wealth LLC reduced its stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) by 23.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 406,258 shares of the company’s stock after selling 121,507 shares during the period. Corient Private Wealth LLC owned 0.61% of Kayne Anderson BDC worth $5,894,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new position in shares of Kayne Anderson BDC in the first quarter worth $228,000. Goldman Sachs Group Inc. boosted its position in Kayne Anderson BDC by 119.7% during the first quarter. Goldman Sachs Group Inc. now owns 30,285 shares of the company’s stock worth $491,000 after acquiring an additional 16,501 shares during the last quarter. Acadian Asset Management LLC boosted its position in Kayne Anderson BDC by 341.2% during the first quarter. Acadian Asset Management LLC now owns 10,788 shares of the company’s stock worth $173,000 after acquiring an additional 8,343 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Kayne Anderson BDC by 294.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 19,301 shares of the company’s stock worth $295,000 after acquiring an additional 14,406 shares during the period. Finally, Invesco Ltd. grew its stake in Kayne Anderson BDC by 15.1% in the 2nd quarter. Invesco Ltd. now owns 45,063 shares of the company’s stock worth $688,000 after acquiring an additional 5,916 shares during the period.

Wall Street Analysts Forecast Growth

KBDC has been the topic of a number of recent analyst reports. Wells Fargo & Company reissued an “equal weight” rating and set a $14.00 price target (down from $15.00) on shares of Kayne Anderson BDC in a research note on Friday, June 12th. Keefe, Bruyette & Woods dropped their target price on Kayne Anderson BDC from $16.00 to $15.50 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Finally, UBS Group increased their target price on Kayne Anderson BDC from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Kayne Anderson BDC presently has an average rating of “Moderate Buy” and a consensus target price of $15.12.

Kayne Anderson BDC Stock Up 0.3%

Shares of NYSE KBDC opened at $13.62 on Friday. Kayne Anderson BDC, Inc. has a 52-week low of $13.06 and a 52-week high of $16.28. The firm has a fifty day moving average of $14.49 and a 200-day moving average of $14.36. The stock has a market capitalization of $904.02 million, a PE ratio of 10.64 and a beta of 0.25. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.04.

Kayne Anderson BDC (NYSE:KBDC) last released its quarterly earnings data on Monday, May 11th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. Kayne Anderson BDC had a return on equity of 10.47% and a net margin of 37.30%.The business had revenue of $24.86 million during the quarter, compared to the consensus estimate of $52.40 million. On average, analysts anticipate that Kayne Anderson BDC, Inc. will post 1.62 EPS for the current year.

Kayne Anderson BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 11.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Kayne Anderson BDC’s payout ratio is currently 125.00%.

Kayne Anderson BDC Profile

Kayne Anderson BDC, Inc (NYSE: KBDC) is a closed-end, non-diversified management investment company structured as a business development company under the Investment Company Act of 1940. The firm focuses on providing bespoke financing solutions to U.S. middle-market companies, offering first-lien and second-lien secured loans, unitranche facilities, mezzanine debt and selected equity co-investments. KBDC targets businesses with EBITDA profiles generally ranging from $10 million to $100 million, aiming to generate attractive income and potential capital appreciation for shareholders.

The company’s portfolio spans a variety of sectors, including healthcare, technology, energy services, consumer products and industrials.