Kayne Anderson BDC (NYSE:KBDC) Hits New 52-Week High – Should You Buy?

Kayne Anderson BDC, Inc. (NYSE:KBDC)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $17.35 and last traded at $17.28, with a volume of 4997 shares trading hands. The stock had previously closed at $17.21.

Analyst Upgrades and Downgrades

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 research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.30.

Kayne Anderson BDC Stock Performance

The firm has a 50-day moving average of $16.83 and a 200 day moving average of $16.43. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66.

Kayne Anderson BDC Announces Dividend

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

Insider Buying and Selling

In other news, Director Susan C. Schnabel acquired 2,500 shares of Kayne Anderson BDC stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average price of $16.54 per share, for a total transaction of $41,350.00. Following the completion of the transaction, the director now owns 8,087 shares in the company, valued at $133,758.98. The trade was a 44.75 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new stake in shares of Kayne Anderson BDC during the 3rd quarter valued at about $44,000. CIBC Private Wealth Group LLC purchased a new stake in Kayne Anderson BDC during the fourth quarter valued at approximately $46,000. Perigon Wealth Management LLC bought a new position in Kayne Anderson BDC in the fourth quarter worth approximately $169,000. Virtu Financial LLC purchased a new position in shares of Kayne Anderson BDC during the 4th quarter worth $197,000. Finally, Apollon Wealth Management LLC bought a new stake in shares of Kayne Anderson BDC during the 4th quarter valued at $210,000.

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.