Kayne Anderson BDC (NYSE:KBDC) Sees Large Volume Increase - Should You Buy?

Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) saw an uptick in trading volume on Monday . 271,318 shares were traded during trading, an increase of 261% from the previous session's volume of 75,135 shares.The stock last traded at $16.45 and had previously closed at $16.39.

Wall Street Analyst Weigh In

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 research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Kayne Anderson BDC currently has a consensus rating of "Moderate Buy" and an average target price of $17.30.

Kayne Anderson BDC Trading Down 0.2 %

The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average price of $16.96 and a 200 day moving average price of $16.58.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last issued its quarterly earnings data on Monday, March 3rd. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.03). The company had revenue of $56.34 million during the quarter, compared to the consensus estimate of $53.01 million. Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. On average, analysts predict that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current year.

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Kayne Anderson BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.40 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.71%.

Insider Buying and Selling

In related news, Director Susan C. Schnabel bought 2,500 shares of the company's stock in a transaction on Wednesday, December 18th. The shares were acquired at an average price of $16.54 per share, with a total value of $41,350.00. Following the transaction, the director now owns 8,087 shares of the company's stock, valued at $133,758.98. The trade was a 44.75 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kayne Anderson BDC

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new position in shares of Kayne Anderson BDC during the third quarter valued at approximately $44,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Kayne Anderson BDC during the fourth quarter worth approximately $46,000. Cerity Partners LLC acquired a new position in Kayne Anderson BDC in the 4th quarter valued at $170,000. Perigon Wealth Management LLC purchased a new position in Kayne Anderson BDC in the 4th quarter valued at $169,000. Finally, BIP Wealth LLC acquired a new stake in Kayne Anderson BDC during the 4th quarter worth $168,000.

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.