Susan C. Schnabel Purchases 2,500 Shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) Stock

Kayne Anderson BDC, Inc. (NYSE:KBDC) Director Susan C. Schnabel purchased 2,500 shares of the stock in a transaction on Wednesday, December 18th. The stock was acquired at an average cost of $16.54 per share, for a total transaction of $41,350.00. Following the acquisition, the director now owns 8,087 shares in the company, valued at approximately $133,758.98. This represents a 44.75 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Kayne Anderson BDC Price Performance

Shares of KBDC stock opened at $16.43 on Friday. The business’s 50-day moving average price is $16.47. Kayne Anderson BDC, Inc. has a 12-month low of $15.69 and a 12-month high of $17.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36.

Kayne Anderson BDC Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.74%. This is a boost from Kayne Anderson BDC’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, December 31st.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upped their price objective on shares of Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Kayne Anderson BDC presently has an average rating of “Moderate Buy” and an average price target of $17.30.

Institutional Trading of Kayne Anderson BDC

Several hedge funds and other institutional investors have recently bought and sold shares of KBDC. Confluence Investment Management LLC raised its stake in shares of Kayne Anderson BDC by 15.3% during the third quarter. Confluence Investment Management LLC now owns 103,788 shares of the company’s stock worth $1,682,000 after acquiring an additional 13,788 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Kayne Anderson BDC during the 3rd quarter valued at $44,000. Finally, Franklin Resources Inc. raised its position in Kayne Anderson BDC by 21.1% in the 3rd quarter. Franklin Resources Inc. now owns 64,680 shares of the company’s stock worth $1,033,000 after purchasing an additional 11,289 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.