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

Requisite Capital Management LLC lifted its holdings in Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) by 10.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 365,783 shares of the company's stock after buying an additional 35,843 shares during the quarter. Kayne Anderson BDC makes up about 1.4% of Requisite Capital Management LLC's holdings, making the stock its 12th biggest holding. Requisite Capital Management LLC owned 0.51% of Kayne Anderson BDC worth $6,083,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

KBDC has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of Kayne Anderson BDC from $16.50 to $16.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Royal Bank of Canada reissued an "outperform" rating and set a $17.00 price target on shares of Kayne Anderson BDC in a research report on Monday, May 19th. Keefe, Bruyette & Woods lowered 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, Wells Fargo & Company cut their target price on Kayne Anderson BDC from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $16.60.

Insider Activity at Kayne Anderson BDC

In related news, Director Albert Rabil sold 314,465 shares of the business'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 transaction of $4,999,993.50. Following the completion of the transaction, the director now directly owns 151,686 shares in the company, valued at approximately $2,411,807.40. The trade was a 67.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 387,485 shares of company stock worth $6,151,830. 3.10% of the stock is owned by insiders.

Kayne Anderson BDC Stock Performance

Shares of KBDC stock traded up $0.05 during trading hours on Tuesday, reaching $15.83. The company had a trading volume of 109,503 shares, compared to its average volume of 91,545. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.36. The business has a fifty day moving average price of $15.77 and a 200-day moving average price of $16.46. Kayne Anderson BDC, Inc. has a one year low of $13.93 and a one year high of $17.99. The firm has a market cap of $1.12 billion and a PE ratio of 8.79.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last issued its earnings results 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 company had revenue of $55.25 million during 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%. Sell-side analysts predict that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current fiscal year.

Kayne Anderson BDC Dividend Announcement

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

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.