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

Kayne Anderson BDC, Inc. (NYSE:KBDC) hit a new 52-week high during trading on Thursday . The stock traded as high as $16.80 and last traded at $16.80, with a volume of 12068 shares trading hands. The stock had previously closed at $16.68.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price target on shares of Kayne Anderson BDC in a research note on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.10.

Kayne Anderson BDC Stock Up 0.2 %

The firm’s fifty day simple moving average is $16.20. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.52.

Kayne Anderson BDC (NYSE:KBDC) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. Kayne Anderson BDC had a return on equity of 13.69% and a net margin of 59.80%. The firm had revenue of $52.45 million during the quarter. As a group, sell-side analysts expect that Kayne Anderson BDC, Inc. will post 2.03 EPS for the current fiscal year.

Kayne Anderson BDC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.64%. This is a positive change from Kayne Anderson BDC’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, December 31st.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Kayne Anderson BDC stock. BNP Paribas Financial Markets purchased a new stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,722 shares of the company’s stock, valued at approximately $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.