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

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

Kayne Anderson BDC Trading Up 0.9 %

Shares of KBDC traded up $0.16 during mid-day trading on Friday, reaching $17.39. The stock had a trading volume of 87,664 shares, compared to its average volume of 107,727. Kayne Anderson BDC has a 12 month low of $15.69 and a 12 month high of $17.99. The business has a fifty day moving average of $17.00 and a 200 day moving average of $16.56. 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 Announces Dividend

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

Insider Buying and Selling

In other Kayne Anderson BDC news, Director Susan C. Schnabel purchased 2,500 shares of the stock in a transaction on Wednesday, December 18th. The shares were purchased at an average price of $16.54 per share, with a total value of $41,350.00. Following the acquisition, the director now directly owns 8,087 shares in the company, valued at approximately $133,758.98. The trade was a 44.75 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kayne Anderson BDC

Hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new stake in shares of Kayne Anderson BDC in the third quarter valued at $44,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Kayne Anderson BDC in the fourth quarter valued at $46,000. Cerity Partners LLC purchased a new stake in shares of Kayne Anderson BDC in the fourth quarter valued at $170,000. Perigon Wealth Management LLC bought a new position in shares of Kayne Anderson BDC in the fourth quarter worth about $169,000. Finally, BIP Wealth LLC bought a new position in shares of Kayne Anderson BDC in the fourth quarter worth about $168,000.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised their price target on Kayne Anderson BDC from $17.00 to $18.00 and gave the company 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. Based on data from MarketBeat, Kayne Anderson BDC currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.30.

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.