Kayne Anderson BDC (NYSE:KBDC) Reaches New 12-Month High – Still a Buy?

Shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) reached a new 52-week high on Wednesday . The company traded as high as $16.67 and last traded at $16.65, with a volume of 72808 shares trading hands. The stock had previously closed at $16.30.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 price objective on shares of Kayne Anderson BDC in a research note on Thursday, August 15th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Kayne Anderson BDC currently has an average rating of “Moderate Buy” and a consensus price target of $17.10.

Kayne Anderson BDC Stock Up 2.1 %

The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average of $16.13.

Kayne Anderson BDC (NYSE:KBDC) last issued its earnings results on Tuesday, August 13th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $52.45 million during the quarter. Kayne Anderson BDC had a net margin of 52.29% and a return on equity of 11.79%. As a group, analysts anticipate that Kayne Anderson BDC, Inc. will post 2.03 earnings per share for the current year.

Kayne Anderson BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.40 per share. The ex-dividend date was Monday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.61%.

Hedge Funds Weigh In On Kayne Anderson BDC

A hedge fund recently raised its stake in Kayne Anderson BDC stock. Confluence Investment Management LLC grew its position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) by 15.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 103,788 shares of the company’s stock after acquiring an additional 13,788 shares during the quarter. Confluence Investment Management LLC owned about 0.15% of Kayne Anderson BDC worth $1,682,000 at the end of the most recent reporting period.

Kayne Anderson BDC Company Profile

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.