Kayne Anderson BDC (NYSE:KBDC) Reaches New 52-Week High – What’s Next?

Kayne Anderson BDC, Inc. (NYSE:KBDC)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $18.00 and last traded at $17.12, with a volume of 206 shares. The stock had previously closed at $17.30.

Analysts Set New Price Targets

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

Kayne Anderson BDC Stock Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36. The company’s fifty day moving average is $16.78 and its 200-day moving average is $16.39.

Kayne Anderson BDC Dividend Announcement

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

Insider Activity at Kayne Anderson BDC

In other Kayne Anderson BDC news, Director Susan C. Schnabel bought 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average cost of $16.54 per share, for a total transaction of $41,350.00. Following the completion of the transaction, the director now owns 8,087 shares of the company’s stock, valued at $133,758.98. This represents a 44.75 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Requisite Capital Management LLC bought a new position in Kayne Anderson BDC in the 4th quarter worth $5,589,000. Confluence Investment Management LLC raised its stake in shares of Kayne Anderson BDC by 5.9% in the fourth quarter. Confluence Investment Management LLC now owns 109,957 shares of the company’s stock worth $1,819,000 after buying an additional 6,169 shares during the period. HB Wealth Management LLC purchased a new position in shares of Kayne Anderson BDC during the 4th quarter valued at about $1,591,000. Franklin Resources Inc. grew its stake in shares of Kayne Anderson BDC by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 64,680 shares of the company’s stock valued at $1,033,000 after acquiring an additional 11,289 shares during the period. Finally, Summit Trail Advisors LLC purchased a new stake in Kayne Anderson BDC in the 4th quarter worth approximately $900,000.

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.