Kayne Anderson BDC (NYSE:KBDC) Sees Strong Trading Volume – Should You Buy?

Kayne Anderson BDC, Inc. (NYSE:KBDC) saw unusually-high trading volume on Monday . Approximately 271,318 shares were traded during trading, an increase of 261% from the previous session’s volume of 75,135 shares.The stock last traded at $16.45 and had previously closed at $16.39.

Analyst Ratings Changes

Separately, Royal Bank of Canada upped their target price on shares of Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Two equities research 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.30.

Kayne Anderson BDC Stock Up 0.5 %

The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average price of $16.98 and a 200-day moving average price of $16.57.

Kayne Anderson BDC (NYSE:KBDC) last announced its earnings results on Monday, March 3rd. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). Kayne Anderson BDC had a net margin of 59.80% and a return on equity of 12.65%. The company had revenue of $56.34 million during the quarter, compared to analysts’ expectations of $53.01 million. On average, equities analysts forecast that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current year.

Kayne Anderson BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.40 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.60 annualized dividend and a yield of 9.71%.

Insider Activity at Kayne Anderson BDC

In other news, Director Susan C. Schnabel bought 2,500 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price of $16.54 per share, with a total value of $41,350.00. Following the completion of the purchase, the director now directly owns 8,087 shares in the company, valued at $133,758.98. This represents a 44.75 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets purchased a new position in Kayne Anderson BDC in the 3rd quarter worth $44,000. Franklin Resources Inc. grew its stake in shares of Kayne Anderson BDC by 21.1% during the third quarter. Franklin Resources Inc. now owns 64,680 shares of the company’s stock valued at $1,033,000 after buying an additional 11,289 shares during the last quarter. Confluence Investment Management LLC increased its holdings in shares of Kayne Anderson BDC by 5.9% in the fourth quarter. Confluence Investment Management LLC now owns 109,957 shares of the company’s stock worth $1,819,000 after buying an additional 6,169 shares during the period. HB Wealth Management LLC bought a new stake in shares of Kayne Anderson BDC in the 4th quarter valued at about $1,591,000. Finally, Magnus Financial Group LLC purchased a new stake in Kayne Anderson BDC during the 4th quarter valued at about $489,000.

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.