Kayne Anderson BDC, Inc. (NYSE:KBDC) Short Interest Up 1,341.2% in August

Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) saw a significant increase in short interest in August. As of August 15th, there was short interest totalling 24,500 shares, an increase of 1,341.2% from the July 31st total of 1,700 shares. Based on an average trading volume of 62,000 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company's shares are short sold.

Analyst Ratings Changes

KBDC has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $17.00 price target on shares of Kayne Anderson BDC in a research note on Thursday, August 15th. Wells Fargo & Company upgraded Kayne Anderson BDC to a "strong-buy" rating and set a $17.00 price objective for the company in a research note on Monday, June 17th. Keefe, Bruyette & Woods upgraded Kayne Anderson BDC to a "hold" rating and set a $17.00 price objective for the company in a research note on Monday, June 17th. UBS Group upgraded shares of Kayne Anderson BDC to a "hold" rating and set a $17.00 target price for the company in a research note on Monday, June 17th. Finally, Bank of America initiated coverage on Kayne Anderson BDC in a research report on Monday, June 17th. They set a "buy" rating and a $17.50 price target on the stock. Two investment 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.10.

Insider Buying and Selling

In other news, Director Mariel A. Joliet acquired 13,000 shares of the business's stock in a transaction on Friday, July 19th. The shares were acquired at an average price of $16.14 per share, for a total transaction of $209,820.00. Following the completion of the transaction, the director now directly owns 13,000 shares of the company's stock, valued at approximately $209,820. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Kayne Anderson BDC Trading Up 0.4 %

Shares of NYSE KBDC traded up $0.07 during midday trading on Tuesday, hitting $16.22. The company's stock had a trading volume of 17,896 shares, compared to its average volume of 61,242. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.16 and a current ratio of 0.16. Kayne Anderson BDC has a 1 year low of $15.69 and a 1 year high of $16.62. The company's fifty day moving average price is $16.12.

Kayne Anderson BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 9.86%. The ex-dividend date of this dividend is Monday, September 30th.

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.