Summit Trail Advisors LLC Purchases New Position in Kayne Anderson BDC, Inc. (NYSE:KBDC)

Summit Trail Advisors LLC purchased a new position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 53,155 shares of the company's stock, valued at approximately $900,000. Summit Trail Advisors LLC owned 0.07% of Kayne Anderson BDC at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Requisite Capital Management LLC acquired a new stake in shares of Kayne Anderson BDC in the 4th quarter valued at about $5,589,000. Confluence Investment Management LLC raised its stake in Kayne Anderson BDC by 5.9% during 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 stake in Kayne Anderson BDC during the fourth quarter worth about $1,591,000. Franklin Resources Inc. raised 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 acquiring an additional 11,289 shares during the period. Finally, Magnus Financial Group LLC bought a new position in shares of Kayne Anderson BDC in the fourth quarter valued at approximately $489,000.

Insider Buying and Selling

In related news, Director Susan C. Schnabel bought 2,500 shares of the business's stock in a transaction on Wednesday, December 18th. The stock was bought at an average price of $16.54 per share, for a total transaction of $41,350.00. Following the transaction, the director now directly owns 8,087 shares in the company, valued at $133,758.98. This represents a 44.75 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.20% of the stock is currently owned by insiders.

Kayne Anderson BDC Stock Up 1.3 %

NYSE:KBDC traded up $0.23 during trading hours on Friday, reaching $17.65. 91,179 shares of the company's stock were exchanged, compared to its average volume of 94,110. Kayne Anderson BDC, Inc. has a 12 month low of $15.69 and a 12 month high of $17.76. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The business's 50-day simple moving average is $16.86 and its two-hundred day simple moving average is $16.45.

Kayne Anderson BDC Dividend Announcement

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

Analyst Ratings Changes

Separately, Royal Bank of Canada increased their price objective on shares of Kayne Anderson BDC from $17.00 to $18.00 and gave the company an "outperform" rating in a 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 data from MarketBeat.com, Kayne Anderson BDC has a consensus rating of "Moderate Buy" and a consensus target price of $17.30.

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.