Summit Trail Advisors LLC Has $1.77 Million Position in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Summit Trail Advisors LLC boosted its position in Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) by 100.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,310 shares of the company's stock after acquiring an additional 53,155 shares during the quarter. Summit Trail Advisors LLC owned 0.15% of Kayne Anderson BDC worth $1,767,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KBDC. Bank of America Corp DE increased its stake in shares of Kayne Anderson BDC by 4,201.5% in the 4th quarter. Bank of America Corp DE now owns 989,008 shares of the company's stock valued at $16,358,000 after purchasing an additional 966,016 shares during the last quarter. Requisite Capital Management LLC boosted its stake in Kayne Anderson BDC by 10.9% in the first quarter. Requisite Capital Management LLC now owns 365,783 shares of the company's stock valued at $6,083,000 after buying an additional 35,843 shares in the last quarter. Corient Private Wealth LLC bought a new position in Kayne Anderson BDC in the fourth quarter valued at about $4,205,000. Sage Mountain Advisors LLC acquired a new position in Kayne Anderson BDC during the fourth quarter worth about $3,359,000. Finally, Renaissance Technologies LLC raised its stake in Kayne Anderson BDC by 584.4% during the fourth quarter. Renaissance Technologies LLC now owns 145,100 shares of the company's stock worth $2,400,000 after acquiring an additional 123,900 shares in the last quarter.

Analysts Set New Price Targets

KBDC has been the subject of several research reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $17.00 price objective on shares of Kayne Anderson BDC in a research note on Monday, May 19th. Wells Fargo & Company dropped their price target on Kayne Anderson BDC from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Keefe, Bruyette & Woods reduced their price objective on Kayne Anderson BDC from $17.00 to $16.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group dropped their target price on Kayne Anderson BDC from $16.50 to $16.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th.

Insider Activity

In related news, Director Albert Rabil sold 314,465 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $15.90, for a total value of $4,999,993.50. Following the sale, the director directly owned 151,686 shares in the company, valued at $2,411,807.40. This represents a 67.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 387,485 shares of company stock worth $6,151,830 in the last ninety days. 3.20% of the stock is owned by company insiders.

Kayne Anderson BDC Trading Up 1.4%

NYSE KBDC traded up $0.21 on Tuesday, hitting $15.47. The company's stock had a trading volume of 134,528 shares, compared to its average volume of 94,539. The company's 50-day moving average is $15.86 and its 200 day moving average is $16.35. The firm has a market cap of $1.10 billion and a PE ratio of 8.60. Kayne Anderson BDC, Inc. has a 1-year low of $13.93 and a 1-year high of $17.99. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.85.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). The business had revenue of $55.25 million during the quarter, compared to the consensus estimate of $58.43 million. Kayne Anderson BDC had a return on equity of 11.36% and a net margin of 56.97%. As a group, analysts predict that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current fiscal year.

Kayne Anderson BDC Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a dividend yield of 12.1%. Kayne Anderson BDC's payout ratio is 88.89%.

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.