Kayne Anderson BDC (NYSE:KBDC) Rating Reiterated by Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Kayne Anderson BDC (NYSE:KBDC) in a report published on Thursday, Benzinga reports. The firm currently has a $17.00 target price on the stock.

KBDC has been the topic of several other reports. UBS Group raised shares of Kayne Anderson BDC to a hold rating and set a $17.00 price objective on the stock in a research note on Monday, June 17th. Bank of America began coverage on shares of Kayne Anderson BDC in a research note on Monday, June 17th. They issued a buy rating and a $17.50 price objective on the stock. Wells Fargo & Company raised shares of Kayne Anderson BDC to a strong-buy rating and set a $17.00 price objective on the stock in a research note on Monday, June 17th. Finally, Keefe, Bruyette & Woods raised shares of Kayne Anderson BDC to a hold rating and set a $17.00 price objective on the stock in a research note on Monday, June 17th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $17.10.

Kayne Anderson BDC Stock Performance

KBDC stock opened at $16.20 on Thursday. Kayne Anderson BDC has a 12 month low of $15.69 and a 12 month high of $16.62. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.16 and a current ratio of 0.16.

Kayne Anderson BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.88%.

Insider Transactions at Kayne Anderson BDC

In related news, Director Mariel A. Joliet purchased 13,000 shares of the stock in a transaction dated Friday, July 19th. The shares were acquired at an average cost of $16.14 per share, with a total value of $209,820.00. Following the purchase, the director now directly owns 13,000 shares in the company, valued at approximately $209,820. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

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.