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

Kayne Anderson BDC, Inc. (NYSE:KBDC) Director Susan C. Schnabel purchased 2,500 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average price of $16.54 per share, with a total value of $41,350.00. Following the purchase, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Kayne Anderson BDC Stock Performance

Shares of NYSE KBDC opened at $16.43 on Friday. The company has a fifty day moving average of $16.47. 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, Inc. has a fifty-two week low of $15.69 and a fifty-two week high of $17.22.

Kayne Anderson BDC Increases Dividend

The business 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.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada increased 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 report on Monday, November 18th. Two research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.30.

Institutional Investors Weigh In On Kayne Anderson BDC

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in Kayne Anderson BDC during the third quarter valued at approximately $44,000. Franklin Resources Inc. boosted its holdings 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 purchasing an additional 11,289 shares during the period. Finally, Confluence Investment Management LLC boosted its holdings in Kayne Anderson BDC by 15.3% in the 3rd quarter. Confluence Investment Management LLC now owns 103,788 shares of the company’s stock valued at $1,682,000 after purchasing an additional 13,788 shares during the period.

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.