Perigon Wealth Management LLC Buys Shares of 10,141 Kayne Anderson BDC, Inc. (NYSE:KBDC)

Perigon Wealth Management LLC purchased a new position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,141 shares of the company’s stock, valued at approximately $169,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Confluence Investment Management LLC lifted 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 valued at $1,682,000 after acquiring an additional 13,788 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Kayne Anderson BDC during the third quarter worth approximately $44,000. Franklin Resources Inc. grew its holdings in 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 buying an additional 11,289 shares in the last quarter. HB Wealth Management LLC purchased a new stake in Kayne Anderson BDC in the 4th quarter valued at $1,591,000. Finally, Magnus Financial Group LLC purchased a new position in shares of Kayne Anderson BDC during the 4th quarter worth $489,000.

Kayne Anderson BDC Stock Down 0.3 %

NYSE KBDC opened at $17.24 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.66. Kayne Anderson BDC, Inc. has a 1-year low of $15.69 and a 1-year high of $17.33. The business has a 50 day moving average price of $16.76 and a 200 day moving average price of $16.38.

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 paid a $0.10 dividend. The ex-dividend date is Monday, March 3rd.

Insiders Place Their Bets

In other Kayne Anderson BDC news, Director Susan C. Schnabel acquired 2,500 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of $16.54 per share, for a total transaction of $41,350.00. Following the acquisition, the director now directly owns 8,087 shares of the company’s stock, valued at $133,758.98. This trade represents a 44.75 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada increased their target price on Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.