Kayne Anderson BDC, Inc. (NYSE:KBDC) Director Buys $41,350.00 in Stock

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

Kayne Anderson BDC Stock Up 1.2 %

Shares of Kayne Anderson BDC stock opened at $16.63 on Friday. The firm has a 50-day moving average of $16.48. 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 paid a $0.40 dividend. This is an increase from Kayne Anderson BDC’s previous quarterly dividend of $0.10. This represents a $1.60 annualized dividend and a yield of 9.62%. The ex-dividend date is Tuesday, December 31st.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lifted their price target 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 investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.30.

Hedge Funds Weigh In On Kayne Anderson BDC

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

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.