Kayne Anderson BDC (NYSE:KBDC – Get Free Report) had its price target raised by Royal Bank of Canada from $17.00 to $18.00 in a report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 10.63% from the stock’s previous close.
Kayne Anderson BDC Stock Performance
NYSE:KBDC opened at $16.27 on Monday. The firm has a 50-day simple moving average of $16.21. Kayne Anderson BDC has a one year low of $15.69 and a one year high of $16.80. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Kayne Anderson BDC stock. BNP Paribas Financial Markets purchased a new position in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,722 shares of the company’s stock, valued at approximately $44,000.
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.
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