Insider Buying: Kayne Anderson BDC, Inc. (NYSE:KBDC) Director Purchases $209,820.00 in Stock

Kayne Anderson BDC, Inc. (NYSE:KBDC) Director Mariel A. Joliet purchased 13,000 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were purchased at an average cost of $16.14 per share, for a total transaction of $209,820.00. Following the transaction, the director now directly owns 13,000 shares in the company, valued at $209,820. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Kayne Anderson BDC Stock Performance

KBDC opened at $16.20 on Thursday. Kayne Anderson BDC, Inc. has a one year low of $15.75 and a one year high of $16.62. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.16 and a quick ratio of 0.16.

Kayne Anderson BDC Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a yield of 9.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Bank of America began coverage on shares of Kayne Anderson BDC in a report on Monday, June 17th. They set a “buy” rating and a $17.50 price objective on the stock. UBS Group raised shares of Kayne Anderson BDC to a “hold” rating and set a $17.00 price objective for the company in a report on Monday, June 17th. Royal Bank of Canada raised shares of Kayne Anderson BDC to a “moderate buy” rating and set a $17.00 target price on the stock in a report on Monday, June 17th. Keefe, Bruyette & Woods raised Kayne Anderson BDC to a “hold” rating and set a $17.00 price target for the company in a report on Monday, June 17th. Finally, Wells Fargo & Company upgraded Kayne Anderson BDC to a “strong-buy” rating and set a $17.00 price objective on the stock in a research note on Monday, June 17th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Kayne Anderson BDC currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.10.

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.