Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $17.35 and last traded at $17.28, with a volume of 4997 shares changing hands. The stock had previously closed at $17.21.
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada increased their price objective 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 research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.30.
Check Out Our Latest Analysis on KBDC
Kayne Anderson BDC Price Performance
The stock has a fifty day moving average price of $16.84 and a 200 day moving average price of $16.44. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36.
Kayne Anderson BDC Dividend Announcement
The business 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 is Monday, March 3rd.
Insider Transactions at Kayne Anderson BDC
In related news, Director Susan C. Schnabel purchased 2,500 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average cost of $16.54 per share, with a total value of $41,350.00. Following the completion of the acquisition, the director now directly 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.20% of the company's stock.
Institutional Investors Weigh In On Kayne Anderson BDC
A number of institutional investors and hedge funds have recently made changes to their positions in KBDC. BNP Paribas Financial Markets purchased a new stake in shares of Kayne Anderson BDC in the third quarter worth $44,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Kayne Anderson BDC in the fourth quarter worth $46,000. Perigon Wealth Management LLC purchased a new stake in shares of Kayne Anderson BDC in the fourth quarter worth $169,000. Cerity Partners LLC purchased a new stake in shares of Kayne Anderson BDC in the fourth quarter worth $170,000. Finally, Accredited Investors Inc. purchased a new stake in shares of Kayne Anderson BDC in the fourth quarter worth $196,000.
About Kayne Anderson BDC
(
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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.
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