Requisite Capital Management LLC Buys 39,385 Shares of Kayne Anderson BDC, Inc. $KBDC

Requisite Capital Management LLC raised its position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) by 6.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 645,130 shares of the company’s stock after purchasing an additional 39,385 shares during the quarter. Kayne Anderson BDC accounts for about 1.5% of Requisite Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Requisite Capital Management LLC owned 0.98% of Kayne Anderson BDC worth $8,987,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of KBDC. Advisory Services Network LLC boosted its position in shares of Kayne Anderson BDC by 16.0% during the fourth quarter. Advisory Services Network LLC now owns 10,206 shares of the company’s stock valued at $146,000 after buying an additional 1,407 shares during the last quarter. Sovereign Financial Group Inc. purchased a new position in Kayne Anderson BDC in the 1st quarter worth about $155,000. Brevan Howard Capital Management LP bought a new position in Kayne Anderson BDC during the 3rd quarter valued at about $156,000. Osaic Holdings Inc. lifted its stake in Kayne Anderson BDC by 70.9% during the 2nd quarter. Osaic Holdings Inc. now owns 10,268 shares of the company’s stock valued at $157,000 after acquiring an additional 4,261 shares during the period. Finally, Centiva Capital LP purchased a new stake in shares of Kayne Anderson BDC during the 3rd quarter valued at about $172,000.

Kayne Anderson BDC Trading Down 0.7%

Shares of Kayne Anderson BDC stock opened at $13.51 on Wednesday. Kayne Anderson BDC, Inc. has a 1-year low of $13.06 and a 1-year high of $15.87. The company’s fifty day simple moving average is $13.61 and its 200-day simple moving average is $14.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $892.20 million, a PE ratio of 12.39 and a beta of 0.31.

Kayne Anderson BDC (NYSE:KBDC) last announced its earnings results on Monday, August 10th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $19.27 million for the quarter, compared to analysts’ expectations of $51.86 million. Kayne Anderson BDC had a return on equity of 10.63% and a net margin of 31.54%. As a group, equities analysts anticipate that Kayne Anderson BDC, Inc. will post 1.61 earnings per share for the current year.

Kayne Anderson BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.8%. Kayne Anderson BDC’s dividend payout ratio is 146.79%.

Analyst Ratings Changes

Several research analysts have recently weighed in on KBDC shares. Royal Bank Of Canada decreased their price objective on shares of Kayne Anderson BDC from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Zacks Research cut shares of Kayne Anderson BDC from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 18th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $14.00 target price (down from $15.00) on shares of Kayne Anderson BDC in a research report on Friday, June 12th. Finally, UBS Group decreased their target price on shares of Kayne Anderson BDC from $15.00 to $13.50 and set a “neutral” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $14.50.

Kayne Anderson BDC Company Profile

Kayne Anderson BDC, Inc (NYSE: KBDC) is a closed-end, non-diversified management investment company structured as a business development company under the Investment Company Act of 1940. The firm focuses on providing bespoke financing solutions to U.S. middle-market companies, offering first-lien and second-lien secured loans, unitranche facilities, mezzanine debt and selected equity co-investments. KBDC targets businesses with EBITDA profiles generally ranging from $10 million to $100 million, aiming to generate attractive income and potential capital appreciation for shareholders.

The company’s portfolio spans a variety of sectors, including healthcare, technology, energy services, consumer products and industrials.