Kayne Anderson BDC, Inc. (NYSE:KBDC) Director Susan C. Schnabel Acquires 2,500 Shares

Kayne Anderson BDC, Inc. (NYSE:KBDC) Director Susan C. Schnabel bought 2,500 shares of the stock in a transaction dated 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 owns 8,087 shares of the company’s stock, valued at $133,758.98. This represents a 44.75 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Kayne Anderson BDC Price Performance

Shares of NYSE:KBDC remained flat at $16.43 during trading on Thursday. 123,667 shares of the stock traded hands, compared to its average volume of 53,279. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.36. The company’s fifty day simple moving average is $16.46. Kayne Anderson BDC, Inc. has a 12 month low of $15.69 and a 12 month high of $17.22.

Kayne Anderson BDC Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 9.74%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Kayne Anderson BDC’s previous quarterly dividend of $0.10.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada increased their price objective 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 given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Kayne Anderson BDC presently has a consensus rating of “Moderate Buy” and an average target price of $17.30.

Institutional Trading of Kayne Anderson BDC

Several institutional investors and hedge funds have recently made changes to their positions in KBDC. Confluence Investment Management LLC boosted its position in shares of Kayne Anderson BDC by 15.3% in the 3rd quarter. Confluence Investment Management LLC now owns 103,788 shares of the company’s stock worth $1,682,000 after purchasing an additional 13,788 shares during the last quarter. Franklin Resources Inc. lifted its stake in Kayne Anderson BDC by 21.1% in 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 period. Finally, BNP Paribas Financial Markets bought a new position in Kayne Anderson BDC during the third quarter worth about $44,000.

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.