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

Kayne Anderson BDC, Inc. (NYSE:KBDC) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 52,200 shares, a growth of 127.0% from the December 31st total of 23,000 shares. Based on an average trading volume of 65,700 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the company’s stock are sold short.

Insider Buying and Selling

In other Kayne Anderson BDC news, Director Susan C. Schnabel bought 2,500 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average price of $16.54 per share, for a total transaction of $41,350.00. Following the purchase, the director now directly owns 8,087 shares of the company’s stock, valued at approximately $133,758.98. This represents a 44.75 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.20% of the stock is currently owned by company insiders.

Institutional Trading of Kayne Anderson BDC

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets bought a new stake in shares of Kayne Anderson BDC during the 3rd quarter valued at about $44,000. Perigon Wealth Management LLC purchased a new stake in Kayne Anderson BDC in the fourth quarter worth about $169,000. Apollon Wealth Management LLC bought a new stake in Kayne Anderson BDC during the 4th quarter valued at approximately $210,000. Magnus Financial Group LLC purchased a new position in shares of Kayne Anderson BDC during the 4th quarter worth approximately $489,000. Finally, Summit Trail Advisors LLC bought a new position in shares of Kayne Anderson BDC in the 4th quarter worth approximately $900,000.

Kayne Anderson BDC Trading Down 0.4 %

KBDC stock traded down $0.06 during mid-day trading on Wednesday, hitting $16.96. 91,533 shares of the stock were exchanged, compared to its average volume of 105,591. The business has a fifty day moving average price of $16.71 and a 200 day moving average price of $16.36. Kayne Anderson BDC has a 12 month low of $15.69 and a 12 month high of $17.28. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66.

Kayne Anderson BDC Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.40 per share. This is a boost from Kayne Anderson BDC’s previous quarterly dividend of $0.10. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.43%. The ex-dividend date was Tuesday, December 31st.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised their target price on Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.