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

Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 109,500 shares, a growth of 52.7% from the February 28th total of 71,700 shares. Based on an average daily volume of 127,400 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the company's stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of KBDC. Confluence Investment Management LLC lifted its stake in Kayne Anderson BDC by 0.6% in the 1st quarter. Confluence Investment Management LLC now owns 110,635 shares of the company's stock worth $1,794,000 after purchasing an additional 678 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Kayne Anderson BDC in the 3rd quarter valued at approximately $44,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Kayne Anderson BDC in the fourth quarter valued at $46,000. Marshall Wace LLP increased its stake in Kayne Anderson BDC by 31.7% during the fourth quarter. Marshall Wace LLP now owns 18,117 shares of the company's stock worth $300,000 after purchasing an additional 4,359 shares during the period. Finally, Citadel Advisors LLC increased its stake in Kayne Anderson BDC by 21.1% during the 4th quarter. Citadel Advisors LLC now owns 56,078 shares of the company's stock worth $928,000 after buying an additional 9,753 shares during the period.

Kayne Anderson BDC Trading Down 1.0 %

Shares of KBDC traded down $0.16 during mid-day trading on Thursday, hitting $16.21. 38,676 shares of the company traded hands, compared to its average volume of 130,618. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.36. Kayne Anderson BDC has a 1-year low of $15.69 and a 1-year high of $17.99. The business has a 50 day moving average of $16.95 and a 200 day moving average of $16.62.

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

Kayne Anderson BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.87%. The ex-dividend date is Monday, March 31st.

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.