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

Requisite Capital Management LLC bought a new position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 329,940 shares of the company's stock, valued at approximately $5,589,000. Kayne Anderson BDC accounts for 1.1% of Requisite Capital Management LLC's holdings, making the stock its 12th biggest holding. Requisite Capital Management LLC owned about 0.46% of Kayne Anderson BDC as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. HB Wealth Management LLC acquired a new stake in Kayne Anderson BDC during the fourth quarter worth about $1,591,000. Magnus Financial Group LLC acquired a new stake in Kayne Anderson BDC during the 4th quarter worth approximately $489,000. Confluence Investment Management LLC raised its holdings in Kayne Anderson BDC by 15.3% in the third quarter. Confluence Investment Management LLC now owns 103,788 shares of the company's stock valued at $1,682,000 after buying an additional 13,788 shares during the period. Franklin Resources Inc. grew its stake in Kayne Anderson BDC by 21.1% during the third quarter. Franklin Resources Inc. now owns 64,680 shares of the company's stock worth $1,033,000 after buying an additional 11,289 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Kayne Anderson BDC in the third quarter worth $44,000.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada increased their price target on Kayne Anderson BDC from $17.00 to $18.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Two 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $17.30.

Insider Activity

In other news, Director Susan C. Schnabel bought 2,500 shares of Kayne Anderson BDC stock in a transaction on Wednesday, December 18th. The shares were bought at an average price 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. This represents a 44.75 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.20% of the company's stock.

Kayne Anderson BDC Stock Up 0.8 %

NYSE:KBDC traded up $0.13 on Friday, reaching $16.82. The stock had a trading volume of 171,164 shares, compared to its average volume of 74,034. Kayne Anderson BDC, Inc. has a 12-month low of $15.69 and a 12-month high of $17.22. 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 company has a 50-day moving average of $16.67 and a 200 day moving average of $16.34.

Kayne Anderson BDC Increases Dividend

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

Kayne Anderson BDC 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.