Kayne Anderson BDC (NYSE:KBDC) Hits New 1-Year High – What’s Next?

Kayne Anderson BDC, Inc. (NYSE:KBDC)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $17.28 and last traded at $17.19, with a volume of 11686 shares. The stock had previously closed at $17.19.

Analyst Ratings Changes

Separately, Royal Bank of Canada lifted their target price on Kayne Anderson BDC from $17.00 to $18.00 and gave the stock 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 given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus 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 business has a fifty day simple moving average of $16.68 and a two-hundred day simple moving average of $16.34.

Kayne Anderson BDC Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.60 annualized dividend and a dividend yield of 9.36%. This is a positive change from Kayne Anderson BDC’s previous quarterly dividend of $0.10.

Insider Activity

In other Kayne Anderson BDC news, Director Susan C. Schnabel acquired 2,500 shares of the business’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 directly owns 8,087 shares in the company, valued at approximately $133,758.98. The trade was a 44.75 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Kayne Anderson BDC

A number of hedge funds have recently modified their holdings of the business. Requisite Capital Management LLC bought a new stake in shares of Kayne Anderson BDC during the 4th quarter valued at $5,589,000. Confluence Investment Management LLC boosted its holdings in Kayne Anderson BDC by 5.9% in the 4th 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 bought a new position in Kayne Anderson BDC in the 4th quarter worth $1,591,000. Franklin Resources Inc. boosted its holdings in Kayne Anderson BDC by 21.1% in the 3rd quarter. Franklin Resources Inc. now owns 64,680 shares of the company’s stock worth $1,033,000 after buying an additional 11,289 shares during the period. Finally, Magnus Financial Group LLC bought a new position in Kayne Anderson BDC in the 4th quarter worth $489,000.

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.