Kayne Anderson BDC, Inc. (NYSE:KBDC) Sees Large Growth in Short Interest

Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 52,200 shares, a growth of 127.0% from the December 31st total of 23,000 shares. Based on an average daily trading volume, of 65,700 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the company's shares are sold short.

Insiders Place Their Bets

In other Kayne Anderson BDC news, Director Susan C. Schnabel bought 2,500 shares of the company's stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price of $16.54 per share, for a total transaction of $41,350.00. Following the completion of the transaction, the director now directly owns 8,087 shares of the company's stock, valued at approximately $133,758.98. This represents a 44.75 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets purchased a new stake in shares of Kayne Anderson BDC in the 3rd quarter worth approximately $44,000. Perigon Wealth Management LLC bought a new position in Kayne Anderson BDC in the fourth quarter worth approximately $169,000. Apollon Wealth Management LLC purchased a new stake in Kayne Anderson BDC during the fourth quarter worth $210,000. Magnus Financial Group LLC bought a new stake in Kayne Anderson BDC during the 4th quarter valued at $489,000. Finally, Summit Trail Advisors LLC purchased a new position in shares of Kayne Anderson BDC in the 4th quarter valued at $900,000.

Kayne Anderson BDC Price Performance

NYSE KBDC traded up $0.22 on Friday, reaching $17.30. 70,094 shares of the stock traded hands, compared to its average volume of 95,062. Kayne Anderson BDC has a 12 month low of $15.69 and a 12 month high of $17.32. The company has a fifty day moving average price of $16.75 and a 200-day moving average price of $16.37. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66.

Kayne Anderson BDC Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 3rd will be issued a $0.10 dividend. The ex-dividend date is Monday, March 3rd.

Analyst Ratings Changes

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