Summit Trail Advisors LLC Takes $900,000 Position in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Summit Trail Advisors LLC bought a new position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 53,155 shares of the company’s stock, valued at approximately $900,000.

Several other hedge funds have also recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new stake in Kayne Anderson BDC during the third quarter worth approximately $44,000. Perigon Wealth Management LLC purchased a new stake in Kayne Anderson BDC during the 4th quarter worth $169,000. Apollon Wealth Management LLC purchased a new stake in Kayne Anderson BDC during the 4th quarter worth $210,000. Magnus Financial Group LLC acquired a new stake in Kayne Anderson BDC in the 4th quarter valued at $489,000. Finally, Franklin Resources Inc. raised its position in Kayne Anderson BDC by 21.1% in the third 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 during the period.

Kayne Anderson BDC Price Performance

KBDC opened at $17.31 on Wednesday. Kayne Anderson BDC, Inc. has a twelve month low of $15.69 and a twelve month high of $17.48. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $16.83 and a 200 day simple moving average of $16.43.

Kayne Anderson BDC Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 3rd.

Insider Transactions at Kayne Anderson BDC

In related news, Director Susan C. Schnabel acquired 2,500 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was bought at an average cost of $16.54 per share, with a total value of $41,350.00. Following the acquisition, the director now directly owns 8,087 shares in the company, valued at approximately $133,758.98. The trade was a 44.75 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

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

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.