Kayne Anderson BDC (NYSE:KBDC) Reaches New 12-Month High – Here’s Why

Shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) hit a new 52-week high on Monday . The stock traded as high as $18.00 and last traded at $17.12, with a volume of 206 shares trading hands. The stock had previously closed at $17.30.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised their target price on shares of Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kayne Anderson BDC presently has a consensus rating of “Moderate Buy” and an average target price of $17.30.

Kayne Anderson BDC Price Performance

The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The business has a 50-day simple moving average of $16.78 and a 200 day simple moving average of $16.39.

Kayne Anderson BDC Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 3rd will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, March 3rd.

Insider Activity at Kayne Anderson BDC

In other news, Director Susan C. Schnabel bought 2,500 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average price of $16.54 per share, with a total value of $41,350.00. Following the transaction, the director now owns 8,087 shares of the company’s stock, valued at approximately $133,758.98. The trade was a 44.75 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kayne Anderson BDC

Several hedge funds have recently bought and sold shares of KBDC. BNP Paribas Financial Markets purchased a new stake in shares of Kayne Anderson BDC in the third quarter worth $44,000. Perigon Wealth Management LLC purchased a new stake in Kayne Anderson BDC during the 4th quarter valued at about $169,000. Apollon Wealth Management LLC bought a new stake in Kayne Anderson BDC during the 4th quarter valued at about $210,000. Magnus Financial Group LLC purchased a new position in Kayne Anderson BDC in the fourth quarter worth about $489,000. Finally, Summit Trail Advisors LLC bought a new position in shares of Kayne Anderson BDC in the fourth quarter worth approximately $900,000.

About Kayne Anderson BDC

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.