Shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) saw an uptick in trading volume on Friday . 26,525 shares were traded during mid-day trading, a decline of 44% from the previous session's volume of 47,757 shares.The stock last traded at $16.70 and had previously closed at $16.60.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada boosted their target price on Kayne Anderson BDC from $17.00 to $18.00 and gave the stock 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $17.30.
Check Out Our Latest Research Report on Kayne Anderson BDC
Kayne Anderson BDC Stock Up 0.9 %
The stock's 50 day moving average is $16.26. 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 Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.40 dividend. This is a positive change from Kayne Anderson BDC's previous quarterly dividend of $0.10. This represents a $1.60 annualized dividend and a dividend yield of 9.55%. The ex-dividend date is Tuesday, December 31st.
Hedge Funds Weigh In On Kayne Anderson BDC
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Confluence Investment Management LLC raised its holdings in Kayne Anderson BDC by 15.3% in the third quarter. Confluence Investment Management LLC now owns 103,788 shares of the company's stock worth $1,682,000 after purchasing an additional 13,788 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Kayne Anderson BDC in the 3rd quarter valued at $44,000. Finally, Franklin Resources Inc. raised its stake in Kayne Anderson BDC by 21.1% during 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.
Kayne Anderson BDC Company Profile
(
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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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