71,270 Shares in Kayne Anderson BDC, Inc. (NYSE:KBDC) Bought by Centric Wealth Management

Centric Wealth Management bought a new stake in Kayne Anderson BDC, Inc. (NYSE:KBDC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 71,270 shares of the company’s stock, valued at approximately $1,179,000. Centric Wealth Management owned about 0.10% of Kayne Anderson BDC as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new stake in shares of Kayne Anderson BDC in the 3rd quarter valued at $44,000. CIBC Private Wealth Group LLC bought a new position in shares of Kayne Anderson BDC during the fourth quarter valued at about $46,000. Perigon Wealth Management LLC purchased a new position in shares of Kayne Anderson BDC in the fourth quarter worth about $169,000. Virtu Financial LLC bought a new stake in shares of Kayne Anderson BDC in the 4th quarter valued at about $197,000. Finally, Apollon Wealth Management LLC purchased a new stake in Kayne Anderson BDC during the 4th quarter valued at about $210,000.

Kayne Anderson BDC Stock Down 1.9 %

KBDC opened at $16.20 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.36. The stock’s 50 day simple moving average is $16.97 and its 200 day simple moving average is $16.62. Kayne Anderson BDC, Inc. has a 1 year low of $15.69 and a 1 year high of $17.99.

Kayne Anderson BDC (NYSE:KBDC) last issued its earnings results 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 return on equity of 12.65% and a net margin of 59.80%. The firm had revenue of $56.34 million during the quarter, compared to the consensus estimate of $53.01 million. As a group, sell-side analysts anticipate that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current fiscal year.

Kayne Anderson BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.88%.

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.