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

Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 134,600 shares, an increase of 22.9% from the March 15th total of 109,500 shares. Based on an average trading volume of 148,400 shares, the short-interest ratio is presently 0.9 days. Currently, 0.2% of the company's shares are short sold.

Hedge Funds Weigh In On Kayne Anderson BDC

Several institutional investors have recently made changes to their positions in KBDC. Bank of America Corp DE grew its holdings in Kayne Anderson BDC by 4,201.5% during the 4th quarter. Bank of America Corp DE now owns 989,008 shares of the company's stock worth $16,358,000 after acquiring an additional 966,016 shares in the last quarter. Requisite Capital Management LLC boosted its position in Kayne Anderson BDC by 10.9% during the first quarter. Requisite Capital Management LLC now owns 365,783 shares of the company's stock valued at $6,083,000 after purchasing an additional 35,843 shares in the last quarter. Corient Private Wealth LLC purchased a new position in Kayne Anderson BDC in the fourth quarter valued at about $4,205,000. Sage Mountain Advisors LLC purchased a new position in Kayne Anderson BDC in the fourth quarter valued at about $3,359,000. Finally, Renaissance Technologies LLC raised its holdings in Kayne Anderson BDC by 584.4% in 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 in the last quarter.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods reduced their price objective on Kayne Anderson BDC from $17.00 to $16.50 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. UBS Group lowered their price target on Kayne Anderson BDC from $16.50 to $16.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Kayne Anderson BDC currently has an average rating of "Moderate Buy" and an average price target of $17.00.

Kayne Anderson BDC Stock Performance

Shares of NYSE:KBDC traded up $0.31 on Thursday, hitting $16.35. 64,838 shares of the company's stock were exchanged, compared to its average volume of 91,362. The business's 50 day simple moving average is $16.35 and its two-hundred day simple moving average is $16.53. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.66. Kayne Anderson BDC has a 12 month low of $13.93 and a 12 month high of $17.99.

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

Kayne Anderson BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 9.79%. The ex-dividend date was 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.