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KBDC Kayne Anderson BDC, Inc. Insider Trading

10 filings analyzed · Latest 2026-03-09
Insider buys
9
Insider sells
1
Unique insiders
6
Direction
Net buying

Historically, medium-priority insider buys have outperformed the S&P 500 by a median ~1% over the 30 days after filing — the edge is concentrated in that first month (n ≈ 7,520, 2022-2026). Past results don't predict the future. How we measure this ↗

March 2026
2026-03-09
medium
9,000 shares
$123,660
@ $13.74
Significance 5/10

Director MARUCCI GEORGE E JR bought 9,000 shares of KBDC at $13.74 on 2026-03-06, raising holdings 900.0%.

Director Marucci purchased 9,000 shares at $13.74, a substantial 900.0% increase from his prior holding of 1,000 shares, concentrating his position in the small-cap business development company. The purchase occurred just two days after a prior buy at the same ticker on 2026-03-04, suggesting consecutive accumulation in a narrow time window. At the current price of $13.79, the stock trades 17.9% below its 52-week high and down 9.6% over the past 90 days, positioning the director's recent purchases in a period of relative weakness. The company's valuation metrics—a P/E of 13.39 and net income of $24,613,000.00—indicate modest fundamentals, warranting investor scrutiny of the director's motivation and conviction behind this rapid accumulation pattern.

2026-03-05
medium
1,000 shares
$13,960
@ $13.96
Significance 4/10

KBDC Director Marucci George E Jr bought 1,000 shares at $13.96 on 2026-03-04; stock down 20.0% from 52-week high of $17.38

Director Marucci established a new position with 1,000 shares at $13.96 on 2026-03-04, representing his first recorded purchase of KBDC stock. The purchase occurred at a price approximately 20.0% below the 52-week high of $17.38, yet the stock currently trades at $13.91, marginally below the transaction price. The company carries a market cap of $931.7M and P/E of 13.50 with net income of $24.6M, reflecting a profitable underlying business. The context of price pressure suggests the director entered during a period of elevated weakness relative to the one-year range.

September 2025
2025-09-30
medium
365 shares
$4,992
@ $13.68
Significance 5/10

Director Rhonda Scott Smith buys 365 KBDC shares at $13.68; stock now $13.32, down 25.7% from 52-week high.

Director Rhonda Scott Smith purchased 365 shares of Kayne Anderson BDC, Inc. at $13.68 on 2025-09-29, increasing her holdings by 29.2% to 1,615 shares. The purchase occurred at a price $0.36 above the current market price of $13.32, and the stock is currently 25.7% below its 52-week high of $17.92. Smith's prior open-market purchase at this ticker (2024-06-03) yielded a 90-day return of +0.8%, consistent with her cross-ticker track record average of +0.8%, and was well-timed at the 90-day mark. The company's P/E of 7.84 and net income of $24,910,000.00 reflect a modestly valued business; the timing of this purchase relative to recent price weakness and the director's pattern of historical returns warrants observation of near-term price action.

May 2025
2025-05-30
low
43,020 shares
$681,437
@ $15.84
Significance 3/10

Director James L Robo buys 43,020 shares of KBDC at $15.84; stock down 11.2% from 52-week high.

James L Robo, a director, purchased 43,020 shares of Kayne Anderson BDC, Inc. on 2025-05-28 at $15.84 per share, expanding his holdings to 1,616,488 shares (+2.7% increase). The purchase occurs when the stock trades 11.2% below its 52-week high of $17.92, though it is up 0.3% over the past 30 days and down 8.4% over 90 days. His prior buy at KBDC on 2024-05-22 delivered a 90-day return of -3.7%. Across his broader open-market trading history, his 5 prior buys have averaged -19.0% returns over 90 days with a 0% win rate at the 90-day mark. The company trades at a P/E of 8.94 with $22.2M in net income and a $1.1B market cap. Without additional context on timing constraints or market conditions, the modest purchase size relative to existing holdings and the pattern of negative outcomes on his prior open-market purchases warrant monitoring of the stock's subsequent performance.

2025-05-23
high
344,465 shares
$5,470,388
@ $15.88
Significance 6/10

Director Rabil Albert sold 344,465 shares (73.9% of holdings) for $5,470,388 across 6 sales in two days at $15.88–$15.90

Director Rabil Albert executed 6 separate sales totaling 344,465 shares for $5,470,388.00 over May 22–23, 2025, reducing his stake from 466,151 shares to 121,686 shares—a reduction of 73.9% of pre-transaction holdings. The sales occurred at prices (blended average $15.88) near the current price of $15.62, which sits 12.8% below the 52-week high of $17.92. The company trades at a P/E of 8.78 with net income of $22,215,000.00 and a market cap of $1,107,197,692.70. The substantial scale of this liquidation—nearly three-quarters of his holdings divested in rapid succession—merits monitoring alongside the stock's 10.2% decline over the past 90 days and current valuation context.

March 2025
2025-03-06
high
5,000 shares
$81,995
@ $16.40
Significance 7/10

Director Schnabel buys 5,000 KBDC shares at $16.40; position grows to 13,120 shares (+61.6%); stock down 10.3% YTD.

Director Susan C. Schnabel purchased 5,000 shares at $16.40 on 2025-03-05, expanding her stake by 61.6% to 13,120 shares total. This marks her fifth open-market buy at KBDC, extending a pattern: all four prior same-ticker purchases showed positive 90-day returns, with three of three measurable outcomes achieving gains ranging from 0.8% to 3.8%. Her cross-ticker track record reinforces consistency, with 4 prior buys averaging +2.2% over 90 days at a 100% win rate. The transaction occurs with the stock trading at $16.07 currently, down 10.3% from its 52-week high of $17.92 and down 7.3% over the past month, suggesting the purchase came amid near-term weakness. KBDC fundamentals remain supportive: net income of $37,556,000 and a P/E of 6.56 on a market cap of $1,141,929,202 indicate a profitable, undervalued profile typical of closed-end funds. The magnitude of this accumulation—adding 61.6% to prior holdings—combined with the historical pattern of well-timed entry points, warrants attention to whether this signals conviction at an inflection point or continued disciplined accumulation.

December 2024
2024-12-19
high
2,500 shares
$41,350
@ $16.54
Significance 7/10

KBDC Director Schnabel purchases 2,500 shares at $16.54 on 12/18/24, raising holdings 44.7% to 8,087 shares.

Director Susan C. Schnabel purchased 2,500 shares of KBDC at $16.54 on December 18, 2024, increasing her holdings by 44.7% from 5,587 to 8,087 shares. This represents a material increase in her personal position at a price near the 52-week range. Her prior three purchases at KBDC (on 2024-09-18, 2024-08-23, and 2024-08-22) all achieved positive 90-day returns of +3.8%, +2.2%, and +0.8% respectively, establishing a pattern of 100% success across the same ticker. The company's fundamentals are stable with a P/E of 9.78 and market cap of $1,166,959,003.73. The timing and repetition of accumulation at this ticker warrant investor attention, particularly given the consistency of favorable outcomes following her prior purchases.

September 2024
2024-09-20
medium
472 shares
$7,561
@ $16.02
Significance 4/10

KBDC Director Schnabel buys 472 shares at $16.02; third consecutive open-market purchase in 27 days, bringing holdings to 5,587 shares.

Director Susan C Schnabel purchased 472 shares of Kayne Anderson BDC at $16.02 on 2024-09-18, increasing her holdings by 9.2% to 5,587 shares. This represents her third consecutive open-market purchase within 27 days, following acquisitions on 2024-08-23 and 2024-08-22 at the same ticker. The purchase occurred at a price -1.9% from the 52-week high of $16.55, near recent valuation levels. The company trades at a P/E of 12.12 with a market cap of $1,154,559,268.24, suggesting a mature financial company. The repeated purchasing pattern and elevated dollar commitment across three discrete transactions warrants attention to whether this reflects a systematic accumulation strategy or operational trading activity.

August 2024
2024-08-23
medium
5,115 shares
$81,990
@ $16.03
Significance 5/10

Director Susan C. Schnabel purchases 5,115 shares at blended avg. $16.03 for $81,990.00 at KBDC

Susan C. Schnabel, a Director, completed 2 separate purchases totaling 5,115 shares for $81,990.00 on consecutive days (August 22–23, 2024) at prices of $16.03 and $16.00, establishing her first position in KBDC. The company trades at $16.37 with a P/E of 12.22 and market cap of $1,163,801,429.87, suggesting a relatively valued mid-cap BDC. The purchases occurred near the mid-point of the 52-week range ($15.70–$16.55) with modest near-term momentum (+1.0% over 30 days, +1.7% over 90 days). The initial nature of the stake and the modest position size relative to the company's $1.2B market cap provide limited directional signal on its own; the absence of prior holdings and the two-day purchase window merit monitoring to determine whether this reflects sustained positioning or a discrete commitment.

July 2024
2024-07-22
low
13,000 shares
$209,847
@ $16.14
Significance 3/10

Director Joliet Mariel A purchases 13,000 shares of KBDC at $16.14; first position

Joliet Mariel A, a director at Kayne Anderson BDC, Inc., made an initial purchase of 13,000 shares at $16.14 on July 19, 2024, representing her first equity position in the company. The transaction occurred near the middle of the 52-week trading range of $15.91–$16.55, just 2.2% below the 52-week high, and the stock has remained relatively stable with only a 1.0% decline over the 30 days following the purchase. The company trades at a P/E of 12.35 with net income of $27,755,000.00, indicating a fundamentally sound business profile that may have motivated the director's entry-level accumulation.

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