Kayne Anderson BDC, Inc. (NYSE:KBDC) Director Mariel A. Joliet Purchases 13,000 Shares

Kayne Anderson BDC, Inc. (NYSE:KBDC) Director Mariel A. Joliet acquired 13,000 shares of Kayne Anderson BDC stock in a transaction dated Friday, July 19th. The shares were acquired at an average price of $16.14 per share, with a total value of $209,820.00. Following the completion of the transaction, the director now owns 13,000 shares of the company’s stock, valued at approximately $209,820. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Kayne Anderson BDC Stock Performance

Kayne Anderson BDC stock opened at $16.18 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.16 and a current ratio of 0.16. Kayne Anderson BDC, Inc. has a 12 month low of $15.75 and a 12 month high of $16.62.

Kayne Anderson BDC Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.40 per share. This represents a dividend yield of 9.79%. The ex-dividend date of this dividend was Friday, June 28th.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company upgraded Kayne Anderson BDC to a “strong-buy” rating and set a $17.00 price objective for the company in a research report on Monday, June 17th. UBS Group raised Kayne Anderson BDC to a “hold” rating and set a $17.00 target price on the stock in a report on Monday, June 17th. Bank of America began coverage on Kayne Anderson BDC in a report on Monday, June 17th. They set a “buy” rating and a $17.50 target price on the stock. Royal Bank of Canada raised Kayne Anderson BDC to a “moderate buy” rating and set a $17.00 price target on the stock in a report on Monday, June 17th. Finally, Keefe, Bruyette & Woods raised Kayne Anderson BDC to a “hold” rating and set a $17.00 price target on the stock in a report on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Kayne Anderson BDC has a consensus rating of “Moderate Buy” and an average target price of $17.10.

Kayne Anderson BDC Company Profile

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.