Apollon Wealth Management LLC Buys New Position in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Apollon Wealth Management LLC purchased a new position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,718 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in Kayne Anderson BDC in the third quarter valued at $44,000. Confluence Investment Management LLC grew its holdings in Kayne Anderson BDC by 5.9% in the 4th quarter. Confluence Investment Management LLC now owns 109,957 shares of the company’s stock valued at $1,819,000 after buying an additional 6,169 shares during the period. Perigon Wealth Management LLC purchased a new position in shares of Kayne Anderson BDC during the 4th quarter worth about $169,000. Franklin Resources Inc. boosted its position in shares of 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 acquiring an additional 11,289 shares during the last quarter. Finally, Magnus Financial Group LLC purchased a new stake in Kayne Anderson BDC in the fourth quarter valued at approximately $489,000.

Kayne Anderson BDC Trading Up 1.3 %

Shares of NYSE:KBDC opened at $17.65 on Friday. The stock has a 50-day simple moving average of $16.86 and a 200-day simple moving average of $16.45. Kayne Anderson BDC, Inc. has a 1 year low of $15.69 and a 1 year high of $17.76. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66.

Kayne Anderson BDC Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 3rd.

Insider Transactions at Kayne Anderson BDC

In related news, Director Susan C. Schnabel acquired 2,500 shares of Kayne Anderson BDC stock in a transaction on 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 directly owns 8,087 shares in the company, valued at $133,758.98. This trade represents a 44.75 % increase in their position. The purchase 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.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lifted their price target on shares of Kayne Anderson BDC from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.30.

Kayne Anderson BDC Company 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.