Summit Trail Advisors LLC Takes Position in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Summit Trail Advisors LLC purchased a new stake in Kayne Anderson BDC, Inc. (NYSE:KBDC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 53,155 shares of the company’s stock, valued at approximately $900,000. Summit Trail Advisors LLC owned approximately 0.07% of Kayne Anderson BDC at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KBDC. Confluence Investment Management LLC grew its position in Kayne Anderson BDC by 15.3% during the third quarter. Confluence Investment Management LLC now owns 103,788 shares of the company’s stock worth $1,682,000 after buying an additional 13,788 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Kayne Anderson BDC in the 3rd quarter worth approximately $44,000. Franklin Resources Inc. increased its stake 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 purchasing an additional 11,289 shares in the last quarter. HB Wealth Management LLC acquired a new position in Kayne Anderson BDC during the fourth quarter worth $1,591,000. Finally, Magnus Financial Group LLC acquired a new position in Kayne Anderson BDC during the fourth quarter worth $489,000.

Kayne Anderson BDC Stock Up 0.6 %

Shares of KBDC opened at $17.31 on Wednesday. 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, Inc. has a 1-year low of $15.69 and a 1-year high of $17.48. The firm has a 50 day simple moving average of $16.83 and a 200-day simple moving average of $16.43.

Kayne Anderson BDC Announces Dividend

The business 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.

Analyst Upgrades and Downgrades

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

Insider Transactions at Kayne Anderson BDC

In other news, Director Susan C. Schnabel bought 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average price of $16.54 per share, for a total transaction of $41,350.00. Following the completion of the transaction, the director now owns 8,087 shares in the company, valued at $133,758.98. The trade was a 44.75 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.20% of the company’s stock.

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.