Requisite Capital Management LLC Raises Stock Holdings in Kayne Anderson BDC, Inc. $KBDC

Key Points

• Requisite Capital Management LLC increased its stake in Kayne Anderson BDC, Inc. by 130.4% during Q2, now holding 842,721 shares worth approximately $13.2 million.
• Kayne Anderson BDC's stock recently opened at $13.30 and has a market cap of $938.71 million, with a 52-week range of $13.06 to $17.99.
• The company announced a quarterly dividend of $0.40 per share, yielding 12.0%, with a payout ratio of 94.67% for their upcoming payment on October 16th.

Requisite Capital Management LLC boosted its holdings in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) by 130.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 842,721 shares of the company's stock after purchasing an additional 476,938 shares during the quarter. Kayne Anderson BDC comprises 2.9% of Requisite Capital Management LLC's portfolio, making the stock its 9th biggest holding. Requisite Capital Management LLC owned 1.19% of Kayne Anderson BDC worth $13,197,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Global View Capital Management LLC purchased a new position in Kayne Anderson BDC during the 1st quarter valued at approximately $167,000. Mesirow Financial Investment Management Inc. purchased a new position in Kayne Anderson BDC during the 1st quarter valued at approximately $168,000. SGL Investment Advisors Inc. purchased a new position in Kayne Anderson BDC during the 1st quarter valued at approximately $165,000. Acadian Asset Management LLC grew its holdings in Kayne Anderson BDC by 341.2% during the 1st quarter. Acadian Asset Management LLC now owns 10,788 shares of the company's stock valued at $173,000 after buying an additional 8,343 shares in the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. purchased a new position in Kayne Anderson BDC during the 1st quarter valued at approximately $204,000.

Kayne Anderson BDC Stock Down 2.3%

Shares of KBDC opened at $13.30 on Wednesday. The company has a market cap of $938.71 million, a PE ratio of 7.87 and a beta of 0.28. The business has a fifty day moving average of $14.97 and a 200 day moving average of $15.57. Kayne Anderson BDC, Inc. has a 52-week low of $13.06 and a 52-week high of $17.99. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.90.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.01). Kayne Anderson BDC had a net margin of 52.99% and a return on equity of 10.90%. The business had revenue of $57.30 million for the quarter, compared to analysts' expectations of $49.37 million. On average, sell-side analysts expect that Kayne Anderson BDC, Inc. will post 2.06 EPS for the current year.

Kayne Anderson BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.60 dividend on an annualized basis and a yield of 12.0%. Kayne Anderson BDC's payout ratio is presently 94.67%.

Wall Street Analyst Weigh In

Separately, UBS Group raised their price target on Kayne Anderson BDC from $16.00 to $16.50 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $16.50.

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.

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