Kayne Anderson BDC (NYSE:KBDC – Get Free Report) had its price target increased by equities research analysts at Royal Bank of Canada from $17.00 to $18.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 10.63% from the company’s previous close.
Kayne Anderson BDC Stock Down 0.7 %
Kayne Anderson BDC stock opened at $16.27 on Monday. The business’s 50-day moving average price is $16.21. Kayne Anderson BDC has a 52 week low of $15.69 and a 52 week 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
An institutional investor recently bought a new position in Kayne Anderson BDC stock. BNP Paribas Financial Markets acquired a new stake in shares of Kayne Anderson BDC, Inc. (NYSE:KBDC – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,722 shares of the company’s stock, valued at approximately $44,000.
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.
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