Kayne Anderson BDC (NYSE:KBDC) Sets New 12-Month High – Here’s What Happened

Shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) reached a new 52-week high on Thursday . The company traded as high as $16.80 and last traded at $16.80, with a volume of 12068 shares. The stock had previously closed at $16.68.

Analyst Upgrades and Downgrades

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

Kayne Anderson BDC Trading Up 0.4 %

The company’s 50-day moving average price is $16.18. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.53.

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

Kayne Anderson BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, December 5th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.39%. The ex-dividend date is Thursday, December 5th.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Kayne Anderson BDC stock. BNP Paribas Financial Markets bought a new position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,722 shares of the company’s stock, valued at approximately $44,000.

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.