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

Requisite Capital Management LLC increased its holdings in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) by 6.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 645,130 shares of the company’s stock after acquiring an additional 39,385 shares during the period. Kayne Anderson BDC comprises approximately 1.5% of Requisite Capital Management LLC’s portfolio, making the stock its 11th biggest holding. Requisite Capital Management LLC’s holdings in Kayne Anderson BDC were worth $8,987,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. UBS Group AG boosted its stake in Kayne Anderson BDC by 265.0% in the 4th quarter. UBS Group AG now owns 576,812 shares of the company’s stock worth $8,260,000 after purchasing an additional 418,789 shares during the period. Bank of America Corp DE boosted its position in shares of Kayne Anderson BDC by 2.7% during the first quarter. Bank of America Corp DE now owns 5,565,223 shares of the company’s stock worth $76,355,000 after acquiring an additional 143,854 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Kayne Anderson BDC by 101.8% during the first quarter. Renaissance Technologies LLC now owns 145,322 shares of the company’s stock worth $1,994,000 after acquiring an additional 73,322 shares during the last quarter. Closed End Fund Advisors Inc. purchased a new position in Kayne Anderson BDC during the fourth quarter valued at $1,048,000. Finally, Sei Investments Co. purchased a new position in Kayne Anderson BDC during the first quarter valued at $730,000.

Analyst Ratings Changes

Several analysts have commented on the stock. Royal Bank Of Canada decreased their price target on shares of Kayne Anderson BDC from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. 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 report on Friday, June 12th. Zacks Research downgraded Kayne Anderson BDC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 18th. Finally, UBS Group cut their price target on Kayne Anderson BDC from $15.00 to $13.50 and set a “neutral” rating for the company in a report on Tuesday. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $14.50.

Kayne Anderson BDC Price Performance

Kayne Anderson BDC stock opened at $13.51 on Wednesday. Kayne Anderson BDC, Inc. has a 52-week low of $13.06 and a 52-week high of $15.87. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.16. The firm’s fifty day moving average is $13.61 and its 200 day moving average is $14.01. The company has a market cap of $892.20 million, a price-to-earnings ratio of 12.39 and a beta of 0.31.

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

Kayne Anderson BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Wednesday, September 30th will be given a $0.40 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.60 annualized dividend and a yield of 11.8%. Kayne Anderson BDC’s dividend payout ratio (DPR) is currently 146.79%.

Kayne Anderson BDC 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.