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

Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 134,300 shares, an increase of 187.6% from the January 31st total of 46,700 shares. Based on an average daily volume of 100,300 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.2% of the shares of the stock are short sold.

Kayne Anderson BDC Price Performance

KBDC traded down $0.60 on Tuesday, reaching $16.42. 405,106 shares of the company's stock were exchanged, compared to its average volume of 71,608. Kayne Anderson BDC has a twelve month low of $15.69 and a twelve month high of $17.99. The stock's fifty day moving average price is $17.01 and its 200-day moving average price is $16.57. 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 (NYSE:KBDC - Get Free Report) last posted its quarterly earnings results on Monday, March 3rd. The company reported $0.48 earnings per share 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 return on equity of 12.65% and a net margin of 59.80%. On average, analysts anticipate that Kayne Anderson BDC will post 2.06 EPS for the current year.

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Kayne Anderson BDC Announces Dividend

The company also recently announced 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. This represents a $1.60 dividend on an annualized basis and a yield of 9.74%. The ex-dividend date of this dividend is Monday, March 31st.

Analysts Set New Price Targets

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

Insider Activity

In related news, Director Susan C. Schnabel bought 2,500 shares of the company's stock in a transaction dated Wednesday, December 18th. The shares were 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 in the company, valued at $133,758.98. This trade represents a 44.75 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.20% of the company's stock.

Hedge Funds Weigh In On Kayne Anderson BDC

A number of institutional investors have recently bought and sold shares of KBDC. Bank of America Corp DE raised its stake in Kayne Anderson BDC by 4,201.5% during the fourth quarter. Bank of America Corp DE now owns 989,008 shares of the company's stock worth $16,358,000 after purchasing an additional 966,016 shares during the period. Requisite Capital Management LLC purchased a new position in Kayne Anderson BDC during the fourth quarter worth about $5,589,000. Corient Private Wealth LLC purchased a new position in Kayne Anderson BDC during the fourth quarter worth about $4,205,000. Sage Mountain Advisors LLC purchased a new position in Kayne Anderson BDC during the fourth quarter worth about $3,359,000. Finally, Renaissance Technologies LLC raised its stake in Kayne Anderson BDC by 584.4% during the fourth quarter. Renaissance Technologies LLC now owns 145,100 shares of the company's stock worth $2,400,000 after purchasing an additional 123,900 shares during the period.

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.