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 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.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upped 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 investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Kayne Anderson BDC has an average rating of “Moderate Buy” and an average target price of $17.30.

Kayne Anderson BDC Trading Down 0.5 %

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 company has a 50-day simple moving average of $16.91 and a two-hundred day simple moving average of $16.48.

Kayne Anderson BDC Dividend Announcement

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

Insiders Place Their Bets

In other Kayne Anderson BDC news, Director Susan C. Schnabel purchased 2,500 shares of the stock in a transaction dated 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 completion of the acquisition, the director now owns 8,087 shares of the company’s stock, valued at approximately $133,758.98. This trade represents a 44.75 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KBDC. Bank of America Corp DE increased its holdings in shares of Kayne Anderson BDC by 4,201.5% during the fourth quarter. Bank of America Corp DE now owns 989,008 shares of the company’s stock valued at $16,358,000 after purchasing an additional 966,016 shares during the period. Requisite Capital Management LLC acquired a new position in shares of Kayne Anderson BDC during the fourth quarter valued at $5,589,000. Corient Private Wealth LLC acquired a new position in shares of Kayne Anderson BDC during the fourth quarter valued at $4,205,000. Sage Mountain Advisors LLC acquired a new position in shares of Kayne Anderson BDC during the fourth quarter valued at $3,359,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Kayne Anderson BDC by 584.4% during the fourth quarter. Renaissance Technologies LLC now owns 145,100 shares of the company’s stock valued at $2,400,000 after purchasing 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.