Perigon Wealth Management LLC Invests $169,000 in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Perigon Wealth Management LLC acquired a new stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 10,141 shares of the company’s stock, valued at approximately $169,000.

Several other hedge funds also recently modified their holdings of KBDC. Requisite Capital Management LLC bought a new stake in Kayne Anderson BDC during the fourth quarter worth approximately $5,589,000. Confluence Investment Management LLC boosted its position in Kayne Anderson BDC by 5.9% during the fourth quarter. Confluence Investment Management LLC now owns 109,957 shares of the company’s stock worth $1,819,000 after purchasing an additional 6,169 shares during the period. HB Wealth Management LLC bought a new stake in Kayne Anderson BDC during the fourth quarter worth approximately $1,591,000. Franklin Resources Inc. boosted its position in Kayne Anderson BDC by 21.1% during the third quarter. Franklin Resources Inc. now owns 64,680 shares of the company’s stock worth $1,033,000 after purchasing an additional 11,289 shares during the period. Finally, Magnus Financial Group LLC acquired a new position in shares of Kayne Anderson BDC during the fourth quarter worth approximately $489,000.

Kayne Anderson BDC Trading Down 0.3 %

Shares of Kayne Anderson BDC stock opened at $17.24 on Tuesday. The business’s 50 day simple moving average is $16.76 and its 200 day simple moving average is $16.38. Kayne Anderson BDC, Inc. has a 52-week low of $15.69 and a 52-week high of $17.33. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36.

Kayne Anderson BDC Dividend Announcement

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

Insider Transactions at Kayne Anderson BDC

In related news, Director Susan C. Schnabel bought 2,500 shares of Kayne Anderson BDC stock in a transaction dated Wednesday, December 18th. The shares were bought at an average cost of $16.54 per share, with a total value of $41,350.00. Following the acquisition, the director now owns 8,087 shares in the company, valued at $133,758.98. This trade represents a 44.75 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

About Kayne Anderson BDC

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.