Kayne Anderson BDC (NYSE:KBDC) Sets New 1-Year High – Here’s What Happened

Kayne Anderson BDC, Inc. (NYSE:KBDC)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $17.35 and last traded at $17.28, with a volume of 4997 shares traded. The stock had previously closed at $17.21.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lifted their price objective 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 equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.30.

Kayne Anderson BDC Stock Performance

The business has a 50 day moving average of $16.81 and a 200-day moving average of $16.42. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.36.

Kayne Anderson BDC Announces Dividend

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

Insider Activity

In other Kayne Anderson BDC news, Director Susan C. Schnabel acquired 2,500 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average price 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 approximately $133,758.98. This represents a 44.75 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.20% of the stock is owned by company insiders.

Institutional Trading of Kayne Anderson BDC

A number of large investors have recently modified their holdings of KBDC. BNP Paribas Financial Markets bought a new stake in Kayne Anderson BDC during the third quarter worth about $44,000. Perigon Wealth Management LLC bought a new stake in Kayne Anderson BDC in the 4th quarter worth approximately $169,000. Apollon Wealth Management LLC purchased a new stake in Kayne Anderson BDC in the fourth quarter worth approximately $210,000. Magnus Financial Group LLC bought a new position in Kayne Anderson BDC during the fourth quarter valued at approximately $489,000. Finally, Summit Trail Advisors LLC purchased a new position in shares of Kayne Anderson BDC during the fourth 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.