HOUSTON—Susan Schnabel, a director at Kayne Anderson BDC, Inc. (NYSE:KBDC), recently acquired 2,500 shares of the company’s common stock. The purchase, made on December 18, 2024, was at a price of $16.54 per share, totaling approximately $41,350. Following this transaction, Schnabel now owns 8,087 shares directly. The transaction was reported in a filing with the Securities and Exchange Commission. With a market capitalization of $1.17 billion, Kayne Anderson BDC, Inc. is a business development company based in Houston, Texas. According to InvestingPro, the stock generally trades with low price volatility and is currently trading near its 52-week low, with additional insights available in the comprehensive Pro Research Report covering 1,400+ top stocks.
In other recent news, RBC Capital Markets has upgraded its outlook on Kayne Anderson BDC, raising the price target from $17 to $18 while maintaining an Outperform rating. This adjustment follows a review of the company's third-quarter performance and strategic initiatives. The analyst from RBC Capital highlighted Kayne Anderson BDC's efforts to scale its portfolio and reach targeted leverage. The company's focus on middle-market direct lending, especially in stable or slow-growing markets, was also noted as a wise strategy.
The advisory firm's value-lending philosophy was also praised. Kayne Anderson BDC's attractive dividend yield, which is approximately 10 to 11 percent, was mentioned with the potential for special dividends in 2025. RBC's analysis suggests that investors might see a total return of around 18 percent over the next year, primarily driven by the dividend yield. These are among the recent developments for Kayne Anderson BDC.
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