Kayne Anderson BDC (NYSE:KBDC) Sees Large Volume Increase - What's Next?

Shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) saw strong trading volume on Tuesday . 73,841 shares changed hands during mid-day trading, an increase of 36% from the previous session's volume of 54,425 shares.The stock last traded at $16.71 and had previously closed at $16.58.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada increased their target price on shares of 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 given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.30.

Kayne Anderson BDC Price Performance

The company's fifty day moving average price is $16.49. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.66.

Kayne Anderson BDC Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 9.65%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Kayne Anderson BDC's previous quarterly dividend of $0.10.

Insider Buying and Selling at Kayne Anderson BDC

In other Kayne Anderson BDC news, Director Susan C. Schnabel purchased 2,500 shares of the stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of $16.54 per share, for a total transaction of $41,350.00. Following the transaction, the director now directly owns 8,087 shares in the company, valued at $133,758.98. This represents a 44.75 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.20% of the company's stock.

Institutional Trading of Kayne Anderson BDC

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new stake in shares of Kayne Anderson BDC during the third quarter worth about $44,000. Franklin Resources Inc. increased its position in shares of 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 purchasing an additional 11,289 shares during the last quarter. Finally, Confluence Investment Management LLC raised its position in Kayne Anderson BDC by 15.3% during the third quarter. Confluence Investment Management LLC now owns 103,788 shares of the company's stock worth $1,682,000 after acquiring an additional 13,788 shares in the last quarter.

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.