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

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

Analysts Set New Price Targets

Separately, Royal Bank of Canada lifted their price target on Kayne Anderson BDC from $17.00 to $18.00 and gave the company 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $17.30.

Kayne Anderson BDC Price Performance

The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a 50 day moving average price of $16.90 and a two-hundred day moving average price 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 given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 3rd.

Insider Activity at Kayne Anderson BDC

In other news, Director Susan C. Schnabel bought 2,500 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of $16.54 per share, with a total value of $41,350.00. Following the transaction, the director now directly owns 8,087 shares in the company, valued at approximately $133,758.98. This trade represents a 44.75 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in shares of Kayne Anderson BDC during the 3rd quarter valued at about $44,000. CIBC Private Wealth Group LLC bought a new stake in Kayne Anderson BDC during the 4th quarter valued at approximately $46,000. Marshall Wace LLP boosted its stake in Kayne Anderson BDC by 31.7% during the 4th quarter. Marshall Wace LLP now owns 18,117 shares of the company’s stock valued at $300,000 after purchasing an additional 4,359 shares during the period. Confluence Investment Management LLC boosted its stake in Kayne Anderson BDC by 5.9% during the 4th quarter. Confluence Investment Management LLC now owns 109,957 shares of the company’s stock valued at $1,819,000 after purchasing an additional 6,169 shares during the period. Finally, Citadel Advisors LLC lifted its position in shares of Kayne Anderson BDC by 21.1% in the 4th quarter. Citadel Advisors LLC now owns 56,078 shares of the company’s stock worth $928,000 after acquiring an additional 9,753 shares during the period.

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.