Franklin Resources Inc. Acquires 11,289 Shares of Kayne Anderson BDC, Inc. (NYSE:KBDC)

Franklin Resources Inc. increased its holdings in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC) by 21.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,680 shares of the company’s stock after buying an additional 11,289 shares during the period. Franklin Resources Inc. owned 0.09% of Kayne Anderson BDC worth $1,033,000 at the end of the most recent quarter.

Separately, BNP Paribas Financial Markets bought a new stake in shares of Kayne Anderson BDC during the 3rd quarter valued at $44,000.

Insider Buying and Selling at Kayne Anderson BDC

In related news, Director Susan C. Schnabel purchased 2,500 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were purchased at an average price of $16.54 per share, with a total value of $41,350.00. Following the completion of the purchase, the director now owns 8,087 shares in the company, valued at $133,758.98. This represents a 44.75 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.20% of the company’s stock.

Kayne Anderson BDC Price Performance

Shares of NYSE KBDC opened at $16.75 on Friday. Kayne Anderson BDC, Inc. has a twelve month low of $15.69 and a twelve month high of $17.22. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The stock’s fifty day moving average price is $16.54.

Kayne Anderson BDC Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from Kayne Anderson BDC’s previous quarterly dividend of $0.10. This represents a $1.60 annualized dividend and a yield of 9.55%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised their price target on Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.30.

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.