Short Interest in Kayne Anderson BDC, Inc. (NYSE:KBDC) Rises By 185.4%

Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 11,700 shares, a growth of 185.4% from the October 31st total of 4,100 shares. Based on an average daily volume of 34,400 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada boosted their target price 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 equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Kayne Anderson BDC currently has an average rating of "Moderate Buy" and an average target price of $17.30.

Hedge Funds Weigh In On Kayne Anderson BDC

A number of institutional investors have recently modified their holdings of KBDC. Confluence Investment Management LLC grew its stake in Kayne Anderson BDC by 15.3% in the third quarter. Confluence Investment Management LLC now owns 103,788 shares of the company's stock worth $1,682,000 after purchasing an additional 13,788 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Kayne Anderson BDC by 21.1% during the third quarter. Franklin Resources Inc. now owns 64,680 shares of the company's stock valued at $1,033,000 after buying an additional 11,289 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in shares of Kayne Anderson BDC in the third quarter valued at about $44,000.

Kayne Anderson BDC Trading Up 0.3 %

Shares of NYSE KBDC traded up $0.05 during mid-day trading on Thursday, reaching $16.60. The company had a trading volume of 20,541 shares, compared to its average volume of 47,919. Kayne Anderson BDC has a 52 week low of $15.69 and a 52 week high of $16.80. The stock's 50-day moving average price is $16.24. 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.40 dividend. This is an increase from Kayne Anderson BDC's previous quarterly dividend of $0.10. This represents a $1.60 dividend on an annualized basis and a yield of 9.64%. The ex-dividend date of this dividend is Tuesday, December 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.