Royal Bank of Canada Issues Positive Forecast for Kayne Anderson BDC (NYSE:KBDC) Stock Price

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

Kayne Anderson BDC Price Performance

NYSE KBDC traded up $0.06 during mid-day trading on Monday, reaching $16.69. 12,018 shares of the stock were exchanged, compared to its average volume of 43,861. 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 company has a 50 day moving average of $16.20. Kayne Anderson BDC has a one year low of $15.69 and a one year high of $16.80.

Institutional Trading of Kayne Anderson BDC

An institutional investor recently bought a new position in Kayne Anderson BDC stock. BNP Paribas Financial Markets purchased a new stake in Kayne Anderson BDC, Inc. (NYSE:KBDC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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.