Kayne Anderson BDC (NYSE:KBDC) Price Target Raised to $18.00 at Royal Bank of Canada

Kayne Anderson BDC (NYSE:KBDC) had its target price upped by research analysts at Royal Bank of Canada from $17.00 to $18.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 7.85% from the stock’s current price.

Kayne Anderson BDC Stock Performance

Shares of Kayne Anderson BDC stock traded up $0.06 on Monday, hitting $16.69. The company had a trading volume of 12,018 shares, compared to its average volume of 43,861. Kayne Anderson BDC has a 1 year low of $15.69 and a 1 year high of $16.80. The company has a quick ratio of 0.53, a current ratio of 1.36 and a debt-to-equity ratio of 0.66. The stock’s 50 day simple moving average is $16.20.

Institutional Investors Weigh In On Kayne Anderson BDC

An institutional investor recently raised its position in Kayne Anderson BDC stock. Confluence Investment Management LLC increased its holdings in Kayne Anderson BDC, Inc. (NYSE:KBDC) by 15.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,788 shares of the company’s stock after acquiring an additional 13,788 shares during the period. Confluence Investment Management LLC owned about 0.15% of Kayne Anderson BDC worth $1,682,000 at the end of the most recent 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.