Shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $17.22 and last traded at $17.13, with a volume of 22213 shares. The stock had previously closed at $16.98.
Analysts Set New Price Targets
Separately, Royal Bank of Canada lifted their price objective on Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $17.30.
View Our Latest Stock Report on Kayne Anderson BDC
Kayne Anderson BDC Trading Up 0.1 %
The business's fifty day moving average is $16.42. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66.
Kayne Anderson BDC Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.40 dividend. This is an increase from Kayne Anderson BDC's previous quarterly dividend of $0.10. This represents a $1.60 dividend on an annualized basis and a yield of 9.41%. The ex-dividend date is Tuesday, December 31st.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in KBDC. BNP Paribas Financial Markets bought a new stake in shares of Kayne Anderson BDC in the 3rd quarter worth about $44,000. Franklin Resources Inc. boosted its holdings in shares of Kayne Anderson BDC by 21.1% in 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 period. Finally, Confluence Investment Management LLC increased its position in shares of Kayne Anderson BDC by 15.3% during the 3rd quarter. Confluence Investment Management LLC now owns 103,788 shares of the company's stock valued at $1,682,000 after purchasing an additional 13,788 shares during the last quarter.
About Kayne Anderson BDC
(
Get Free Report)
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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