A director's $781K open-market purchase at $13.02 is a strong bullish signal, especially given the BDC's typical insider trading patterns. Monitor for any subsequent filings (e.g., additional insider buys, earnings, or NAV updates) that could confirm the director's positive outlook on the portfolio.
Price Chart
Executive Summary
Director James L. Robo purchased 60,000 shares of Kayne Anderson BDC, Inc. (KBDC) at $13.02 per share for a total of $781K in open-market transactions between September 7-14, 2026. This is a material insider buy for a BDC of this size, representing a strong conviction signal from a board member.
Key Financial Metrics
Key Facts
- Director James L. Robo purchased 60,000 shares at $13.02 per share, totaling $781K
- All transactions were open-market purchases (code P) — no 10b5-1 plan indicated
- The purchase represents approximately 0.24% of market cap (estimated $326M), exceeding the 0.1% materiality threshold
- This is a single-insider conviction buy, not part of a cluster
Financial Impact
$781K open-market purchase by a director, representing ~0.24% of market cap
Risk Factors
- Single-insider buys are less informative than C-suite clusters; director purchases carry less weight than CEO/CFO buys
- BDCs are sensitive to credit markets and interest rate changes, which could offset insider conviction
- No other insiders joined the purchase, limiting the signal's breadth
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| INSIDER-BUY Data (Synthetic) | 0001183254-26-000005 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 16d ago | 8-K | $12.45 $12.46 | ▲ +0.08% | ▲ +0.14% | $12.71 (+2.09%) |
Sep 30, 2026 25d ago | Insider Buy | $12.76 $12.67 | ▼ −0.71% | ▼ −1.44% | $12.71 (−0.39%) |
Sep 25, 2026 4w ago | Insider Buy | $13.04 $13.03 | ▼ −0.08% | ▲ +0.67% | $12.71 (−2.53%) |
Sep 23, 2026 4w ago | Insider Buy | $12.99 $13.04 | ▲ +0.38% | ▼ −0.16% | $12.71 (−2.16%) |
Sep 16, 2026 5w ago | Insider Buy | $13.24 $13.07 | ▼ −1.28% | ▼ −1.16% | $12.71 (−4.00%) |
Aug 10, 2026 10w ago | 8-K | $13.75 $13.60 | ▼ −1.09% | ▼ −1.34% | $12.71 (−7.56%) |
Jun 29, 2026 16w ago | 8-K | $13.53 $13.68 | ▲ +1.11% | ▲ +1.24% | $12.71 (−6.06%) |
May 11, 2026 23w ago | 8-K | $15.15 $15.15 | · 0.00% | ▼ −0.54% | $12.71 (−16.11%) |
May 28, 2025 17mo ago | Insider Cluster | $14.07 $14.11 | ▲ +0.32% | ▼ −0.08% | $12.71 (−9.67%) |
US Market Status
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