Kayne Anderson BDC (NYSE:KBDC) Reaches New 52-Week High – What’s Next?

Shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $17.85 and last traded at $17.85, with a volume of 20516 shares trading hands. The stock had previously closed at $17.62.

Analysts Set New Price Targets

Separately, Royal Bank of Canada increased their target price on Kayne Anderson BDC from $17.00 to $18.00 and gave the company an “outperform” rating in a research note 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.30.

Kayne Anderson BDC Stock Up 1.7 %

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 business has a fifty day moving average of $16.90 and a 200 day moving average of $16.48.

Kayne Anderson BDC Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 3rd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 3rd.

Insider Activity at Kayne Anderson BDC

In related news, Director Susan C. Schnabel purchased 2,500 shares of the business’s stock in a transaction that occurred 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 acquisition, the director now owns 8,087 shares in the company, valued at approximately $133,758.98. This trade represents a 44.75 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.20% of the stock is currently owned by company insiders.

Institutional Trading of Kayne Anderson BDC

Several hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in shares of Kayne Anderson BDC by 4,201.5% in the 4th quarter. Bank of America Corp DE now owns 989,008 shares of the company’s stock worth $16,358,000 after purchasing an additional 966,016 shares during the last quarter. Requisite Capital Management LLC bought a new stake in shares of Kayne Anderson BDC in the 4th quarter worth approximately $5,589,000. Corient Private Wealth LLC bought a new stake in shares of Kayne Anderson BDC in the 4th quarter worth approximately $4,205,000. Sage Mountain Advisors LLC bought a new stake in shares of Kayne Anderson BDC in the 4th quarter worth approximately $3,359,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Kayne Anderson BDC by 584.4% in the 4th quarter. Renaissance Technologies LLC now owns 145,100 shares of the company’s stock worth $2,400,000 after purchasing an additional 123,900 shares during the last quarter.

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.