Kayne Anderson BDC (NYSE:KBDC - Free Report) had its target price increased by Royal Bank of Canada from $17.00 to $18.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has an outperform rating on the stock.
Kayne Anderson BDC Stock Down 1.0 %
Shares of KBDC traded down $0.17 during mid-day trading on Monday, reaching $16.46. The company had a trading volume of 229,966 shares, compared to its average volume of 45,618. Kayne Anderson BDC has a 52-week low of $15.69 and a 52-week high of $16.80. The company has a quick ratio of 0.53, a current ratio of 1.36 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average price of $16.20.
Kayne Anderson BDC Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.60 dividend on an annualized basis and a yield of 9.72%. This is an increase from Kayne Anderson BDC's previous quarterly dividend of $0.10.
Hedge Funds Weigh In On Kayne Anderson BDC
A hedge fund recently bought a new stake in Kayne Anderson BDC stock. BNP Paribas Financial Markets purchased a new position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,722 shares of the company's stock, valued at approximately $44,000.
About Kayne Anderson BDC
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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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