Short Interest in Kayne Anderson BDC, Inc. (NYSE:KBDC) Increases By 53.1%

Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 46,700 shares, a growth of 53.1% from the January 15th total of 30,500 shares. Based on an average daily trading volume, of 89,600 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company's stock are sold short.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised their target price on shares of Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $17.30.

Insider Buying and Selling at Kayne Anderson BDC

In other Kayne Anderson BDC news, Director Susan C. Schnabel purchased 2,500 shares of Kayne Anderson BDC stock in a transaction dated Wednesday, December 18th. The shares were bought at an average cost of $16.54 per share, for a total transaction of $41,350.00. Following the transaction, the director now owns 8,087 shares in the company, valued at $133,758.98. This represents a 44.75 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets bought a new position in Kayne Anderson BDC in the 3rd quarter valued at about $44,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Kayne Anderson BDC in the 4th quarter worth approximately $46,000. BIP Wealth LLC acquired a new stake in shares of Kayne Anderson BDC in the 4th quarter worth approximately $168,000. Perigon Wealth Management LLC bought a new position in shares of Kayne Anderson BDC in the fourth quarter valued at approximately $169,000. Finally, Cerity Partners LLC acquired a new position in shares of Kayne Anderson BDC during the fourth quarter valued at approximately $170,000.

Kayne Anderson BDC Stock Performance

Shares of KBDC traded down $0.39 during mid-day trading on Wednesday, reaching $17.54. 285,075 shares of the company's stock traded hands, compared to its average volume of 99,246. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.36. The business's 50-day moving average price is $16.91 and its 200-day moving average price is $16.48. Kayne Anderson BDC has a 12 month low of $15.69 and a 12 month high of $17.99.

Kayne Anderson BDC Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 3rd.

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.