Requisite Capital Management LLC Acquires New Position in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Requisite Capital Management LLC bought a new position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 329,940 shares of the company’s stock, valued at approximately $5,589,000. Kayne Anderson BDC comprises about 1.1% of Requisite Capital Management LLC’s investment portfolio, making the stock its 12th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Confluence Investment Management LLC grew its position in Kayne Anderson BDC by 5.9% in the fourth quarter. Confluence Investment Management LLC now owns 109,957 shares of the company’s stock worth $1,819,000 after acquiring an additional 6,169 shares during the period. HB Wealth Management LLC acquired a new position in shares of Kayne Anderson BDC in the 4th quarter valued at $1,591,000. Franklin Resources Inc. grew its holdings in shares of Kayne Anderson BDC by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 64,680 shares of the company’s stock worth $1,033,000 after purchasing an additional 11,289 shares during the period. Magnus Financial Group LLC acquired a new stake in shares of Kayne Anderson BDC during the fourth quarter valued at about $489,000. Finally, BNP Paribas Financial Markets acquired a new stake in Kayne Anderson BDC in the 3rd quarter valued at approximately $44,000.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised their price target 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 analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.30.

Kayne Anderson BDC Stock Performance

Shares of KBDC stock opened at $16.82 on Friday. Kayne Anderson BDC, Inc. has a 52 week low of $15.69 and a 52 week high of $17.22. The firm has a 50 day moving average of $16.67 and a two-hundred day moving average of $16.33. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36.

Kayne Anderson BDC Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 9.51%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from Kayne Anderson BDC’s previous quarterly dividend of $0.10.

Insider Transactions at Kayne Anderson BDC

In other Kayne Anderson BDC news, Director Susan C. Schnabel acquired 2,500 shares of the stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of $16.54 per share, with a total value of $41,350.00. Following the transaction, the director now owns 8,087 shares in the company, valued at $133,758.98. The trade was a 44.75 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.20% 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.