Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $16.80 and last traded at $16.80, with a volume of 12068 shares trading hands. The stock had previously closed at $16.68.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada reissued an "outperform" rating and issued a $17.00 target price on shares of Kayne Anderson BDC in a research note on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Kayne Anderson BDC currently has an average rating of "Moderate Buy" and an average price target of $17.10.
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Kayne Anderson BDC Stock Down 0.8 %
The business has a 50 day moving average price of $16.18. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.53.
Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. Kayne Anderson BDC had a net margin of 52.29% and a return on equity of 11.79%. The company had revenue of $52.45 million for the quarter. As a group, analysts forecast that Kayne Anderson BDC, Inc. will post 2.03 earnings per share for the current fiscal year.
Kayne Anderson BDC Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.42%. The ex-dividend date is Thursday, December 5th.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Kayne Anderson BDC stock. Confluence Investment Management LLC grew its position in Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) by 15.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 103,788 shares of the company's stock after buying an additional 13,788 shares during the period. Confluence Investment Management LLC owned 0.15% of Kayne Anderson BDC worth $1,682,000 at the end of the most recent quarter.
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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