Kayne Anderson BDC, Inc. (NYSE:KBDC) Short Interest Down 74.5% in October

Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 4,100 shares, a decrease of 74.5% from the September 30th total of 16,100 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 28,300 shares, the days-to-cover ratio is currently 0.1 days.

Kayne Anderson BDC Stock Down 0.1 %

Shares of Kayne Anderson BDC stock traded down $0.01 during midday trading on Friday, reaching $16.35. 17,761 shares of the company's stock traded hands, compared to its average volume of 24,005. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. Kayne Anderson BDC has a 52 week low of $15.69 and a 52 week high of $16.62. The firm has a 50 day moving average of $16.13.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $52.45 million for the quarter. Kayne Anderson BDC had a return on equity of 11.79% and a net margin of 52.29%. Sell-side analysts forecast that Kayne Anderson BDC will post 2.03 earnings per share for the current fiscal year.

Kayne Anderson BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.40 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.60 dividend on an annualized basis and a yield of 9.79%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada restated an "outperform" rating and set a $17.00 price target on shares of Kayne Anderson BDC in a report on Thursday, August 15th. 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.com, Kayne Anderson BDC currently has a consensus rating of "Moderate Buy" and an average price target of $17.10.

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.

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