329,940 Shares in Kayne Anderson BDC, Inc. (NYSE:KBDC) Purchased by Requisite Capital Management LLC

Requisite Capital Management LLC acquired a new position in Kayne Anderson BDC, Inc. (NYSE:KBDC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 329,940 shares of the company’s stock, valued at approximately $5,589,000. Kayne Anderson BDC accounts for approximately 1.1% of Requisite Capital Management LLC’s investment portfolio, making the stock its 12th biggest position. Requisite Capital Management LLC owned 0.46% of Kayne Anderson BDC as of its most recent SEC filing.

Other institutional 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 third quarter worth approximately $44,000. Magnus Financial Group LLC bought a new position in shares of Kayne Anderson BDC during the 4th quarter worth $489,000. Franklin Resources Inc. increased its stake in shares of Kayne Anderson BDC by 21.1% during the third 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 during the period. HB Wealth Management LLC purchased a new stake in Kayne Anderson BDC in the fourth quarter worth about $1,591,000. Finally, Confluence Investment Management LLC grew its holdings in Kayne Anderson BDC by 15.3% during the 3rd quarter. Confluence Investment Management LLC now owns 103,788 shares of the company’s stock worth $1,682,000 after acquiring an additional 13,788 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upped their price target on shares of Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report 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 company. Based on data from MarketBeat.com, Kayne Anderson BDC presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.30.

Insider Activity at Kayne Anderson BDC

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, with a total value of $41,350.00. Following the completion of the acquisition, the director now owns 8,087 shares in the company, valued at approximately $133,758.98. This trade represents a 44.75 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.20% of the company’s stock.

Kayne Anderson BDC Trading Up 0.8 %

Shares of KBDC opened at $16.82 on Friday. Kayne Anderson BDC, Inc. has a 52 week low of $15.69 and a 52 week high of $17.22. The stock’s 50-day moving average price is $16.67 and its 200-day moving average price is $16.33. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.36.

Kayne Anderson BDC Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 9.51%. This is a positive change from Kayne Anderson BDC’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, December 31st.

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.