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

Shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) hit a new 52-week high on Tuesday . The stock 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.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.30.

Kayne Anderson BDC Price Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a 50-day moving average of $16.91 and a two-hundred day moving average of $16.48.

Kayne Anderson BDC Announces Dividend

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

Insider Activity at Kayne Anderson BDC

In other Kayne Anderson BDC news, Director Susan C. Schnabel acquired 2,500 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of $16.54 per share, for a total transaction of $41,350.00. Following the transaction, the director now owns 8,087 shares of the company’s stock, valued at $133,758.98. The trade was a 44.75 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kayne Anderson BDC

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in Kayne Anderson BDC by 4,201.5% during the 4th quarter. Bank of America Corp DE now owns 989,008 shares of the company’s stock worth $16,358,000 after acquiring an additional 966,016 shares during the period. Requisite Capital Management LLC acquired a new stake in Kayne Anderson BDC during the 4th quarter worth about $5,589,000. Corient Private Wealth LLC acquired a new stake in Kayne Anderson BDC during the 4th quarter worth about $4,205,000. Sage Mountain Advisors LLC acquired a new stake in Kayne Anderson BDC during the 4th quarter worth about $3,359,000. Finally, Renaissance Technologies LLC boosted its position in Kayne Anderson BDC by 584.4% during the 4th quarter. Renaissance Technologies LLC now owns 145,100 shares of the company’s stock worth $2,400,000 after acquiring an additional 123,900 shares during the 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.