Requisite Capital Management LLC Buys 35,843 Shares of Kayne Anderson BDC, Inc. (NYSE:KBDC)

Requisite Capital Management LLC grew its stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) by 10.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 365,783 shares of the company's stock after buying an additional 35,843 shares during the period. Kayne Anderson BDC accounts for 1.4% of Requisite Capital Management LLC's portfolio, making the stock its 12th biggest holding. Requisite Capital Management LLC owned 0.51% of Kayne Anderson BDC worth $6,083,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC purchased a new position in shares of Kayne Anderson BDC during the 4th quarter valued at about $46,000. Cerity Partners LLC purchased a new position in Kayne Anderson BDC in the 4th quarter worth approximately $170,000. BIP Wealth LLC purchased a new position in Kayne Anderson BDC in the 4th quarter worth approximately $168,000. Accredited Investors Inc. purchased a new position in Kayne Anderson BDC in the 4th quarter worth approximately $196,000. Finally, Virtu Financial LLC purchased a new position in Kayne Anderson BDC in the 4th quarter worth approximately $197,000.

Analysts Set New Price Targets

A number of research analysts recently commented on KBDC shares. Keefe, Bruyette & Woods lowered their price target on Kayne Anderson BDC from $17.00 to $16.50 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. UBS Group lowered their price target on Kayne Anderson BDC from $16.50 to $16.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Royal Bank of Canada reissued an "outperform" rating and issued a $17.00 price target on shares of Kayne Anderson BDC in a report on Monday, May 19th. Finally, Wells Fargo & Company lowered their price target on Kayne Anderson BDC from $17.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $16.60.

Kayne Anderson BDC Price Performance

Shares of KBDC traded down $0.21 during mid-day trading on Friday, hitting $15.78. 81,795 shares of the stock were exchanged, compared to its average volume of 91,470. The company has a market cap of $1.12 billion and a PE ratio of 8.77. Kayne Anderson BDC, Inc. has a 52-week low of $13.93 and a 52-week high of $17.99. The firm has a 50-day moving average of $15.79 and a two-hundred day moving average of $16.44. 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 (NYSE:KBDC - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $55.25 million for the quarter, compared to analysts' expectations of $58.43 million. Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. On average, equities analysts predict that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current year.

Kayne Anderson BDC Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a dividend yield of 12.1%. Kayne Anderson BDC's dividend payout ratio (DPR) is 88.89%.

Insider Transactions at Kayne Anderson BDC

In other news, Director Albert Rabil sold 30,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $15.68, for a total transaction of $470,400.00. Following the transaction, the director now owns 121,686 shares of the company's stock, valued at approximately $1,908,036.48. The trade was a 19.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 387,485 shares of company stock valued at $6,151,830 in the last ninety days. Corporate insiders own 3.10% 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.