Confluence Investment Management LLC Buys 6,169 Shares of Kayne Anderson BDC, Inc. (NYSE:KBDC)

Confluence Investment Management LLC boosted its position in Kayne Anderson BDC, Inc. (NYSE:KBDC) by 5.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 109,957 shares of the company’s stock after acquiring an additional 6,169 shares during the period. Confluence Investment Management LLC owned 0.15% of Kayne Anderson BDC worth $1,819,000 as of its most recent SEC filing.

Separately, Franklin Resources Inc. grew its position in shares of Kayne Anderson BDC by 21.1% in the third 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 in the last quarter.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised their price objective on shares of Kayne Anderson BDC from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Two equities 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $17.30.

Insider Transactions at Kayne Anderson BDC

In other news, Director Susan C. Schnabel acquired 2,500 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average cost of $16.54 per share, for a total transaction of $41,350.00. Following the acquisition, the director now owns 8,087 shares of the company’s stock, valued at $133,758.98. This trade represents a 44.75 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.20% of the company’s stock.

Kayne Anderson BDC Trading Up 0.9 %

Shares of KBDC opened at $16.69 on Friday. Kayne Anderson BDC, Inc. has a 12-month low of $15.69 and a 12-month high of $17.22. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.66. The firm’s 50-day simple moving average is $16.58.

Kayne Anderson BDC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 9.59%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Kayne Anderson BDC’s previous quarterly dividend of $0.10.

Kayne Anderson BDC Company Profile

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.