Kayne Anderson BDC, Inc. (NYSE:KBDC) Short Interest Update

Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 71,700 shares, a drop of 46.6% from the February 13th total of 134,300 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 119,600 shares, the days-to-cover ratio is currently 0.6 days.

Kayne Anderson BDC Stock Up 0.3 %

Kayne Anderson BDC stock traded up $0.06 during trading on Tuesday, reaching $16.80. The company had a trading volume of 200,976 shares, compared to its average volume of 78,616. The firm's 50-day simple moving average is $16.96 and its 200 day simple moving average is $16.59. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36. Kayne Anderson BDC has a 1-year low of $15.69 and a 1-year high of $17.99.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last announced its earnings results on Monday, March 3rd. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.03). Kayne Anderson BDC had a net margin of 59.80% and a return on equity of 12.65%. The company had revenue of $56.34 million during the quarter, compared to analyst estimates of $53.01 million. Sell-side analysts forecast that Kayne Anderson BDC will post 2.06 EPS for the current year.

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Kayne Anderson BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.60 annualized dividend and a yield of 9.53%.

Insider Transactions at Kayne Anderson BDC

In other news, Director Susan C. Schnabel purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average cost of $16.54 per share, with a total value of $41,350.00. Following the completion of the acquisition, the director now owns 8,087 shares of the company's stock, valued at approximately $133,758.98. This represents a 44.75 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.20% of the company's stock.

Hedge Funds Weigh In On Kayne Anderson BDC

A number of hedge funds have recently made changes to their positions in KBDC. BNP Paribas Financial Markets purchased a new stake in shares of Kayne Anderson BDC during the third quarter worth approximately $44,000. CIBC Private Wealth Group LLC purchased a new stake in Kayne Anderson BDC during the 4th quarter valued at about $46,000. Cerity Partners LLC purchased a new stake in shares of Kayne Anderson BDC in the fourth quarter valued at approximately $170,000. Perigon Wealth Management LLC purchased a new position in Kayne Anderson BDC during the fourth quarter worth approximately $169,000. Finally, BIP Wealth LLC acquired a new position in Kayne Anderson BDC during the fourth quarter worth $168,000.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada increased their target price on shares of Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Kayne Anderson BDC has a consensus rating of "Moderate Buy" and an average target price of $17.30.

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.