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

Kayne Anderson BDC, Inc. (NYSE:KBDC) shares 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 changing hands. The stock had previously closed at $17.30.

Analyst Ratings Changes

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

Kayne Anderson BDC Stock Down 0.7 %

The stock’s 50 day simple moving average is $16.75 and its two-hundred day simple moving average is $16.37. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66.

Kayne Anderson BDC Dividend Announcement

The business also recently announced 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.

Insiders Place Their Bets

In other Kayne Anderson BDC news, Director Susan C. Schnabel purchased 2,500 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were acquired 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 approximately $133,758.98. The trade was a 44.75 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.20% of the company’s stock.

Institutional Trading of Kayne Anderson BDC

Hedge funds have recently bought and sold shares of the stock. Requisite Capital Management LLC purchased a new stake in Kayne Anderson BDC in the 4th quarter worth $5,589,000. Franklin Resources Inc. increased its holdings in shares of 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 last quarter. Magnus Financial Group LLC bought a new stake in shares of Kayne Anderson BDC in the 4th quarter worth about $489,000. HB Wealth Management LLC bought a new stake in shares of Kayne Anderson BDC in the 4th quarter worth about $1,591,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Kayne Anderson BDC in the 3rd quarter worth about $44,000.

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.