Royal Bank of Canada reissued their outperform rating on shares of Kayne Anderson BDC (NYSE:KBDC – Free Report) 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.
Check Out Our Latest Report on KBDC
Kayne Anderson BDC Stock Performance
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.
See Also
- Five stocks we like better than Kayne Anderson BDC
- Conference Calls and Individual Investors
- This Small Cap Wealth Management Stock Could Provide Big Returns
- Golden Cross Stocks: Pattern, Examples and Charts
- Bumble’s Valuation Hits an All-Time Low, Can Its Fortunes Change?
- Why Are Stock Sectors Important to Successful Investing?
- MarketBeat Week in Review – 8/12 – 8/16
Receive News & Ratings for Kayne Anderson BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kayne Anderson BDC and related companies with MarketBeat.com's FREE daily email newsletter.