Kayne Anderson BDC, Inc. (NYSE:KBDC) Short Interest Down 66.5% in September

Kayne Anderson BDC, Inc. (NYSE:KBDC) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 5,700 shares, a drop of 66.5% from the August 31st total of 17,000 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 34,800 shares, the days-to-cover ratio is presently 0.2 days.

Kayne Anderson BDC Stock Up 0.9 %

Shares of NYSE:KBDC traded up $0.14 on Thursday, hitting $16.15. The stock had a trading volume of 16,006 shares, compared to its average volume of 50,640. Kayne Anderson BDC has a twelve month low of $15.69 and a twelve month high of $16.62. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.53. The company has a 50 day moving average of $16.13.

Kayne Anderson BDC (NYSE:KBDC) last issued its earnings results on Tuesday, August 13th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. Kayne Anderson BDC had a net margin of 52.29% and a return on equity of 11.79%. The company had revenue of $52.45 million for the quarter. Equities research analysts predict 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 will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.40 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.60 annualized dividend and a dividend yield of 9.91%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of Kayne Anderson BDC to a “hold” rating and set a $17.00 price objective on the stock 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 price target on the stock in a research note on Monday, June 17th. Bank of America initiated coverage on shares of Kayne Anderson BDC in a research note on Monday, June 17th. They set a “buy” rating and a $17.50 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 price target on shares of Kayne Anderson BDC in a research note on Thursday, August 15th. Finally, Wells Fargo & Company upgraded shares of Kayne Anderson BDC to a “strong-buy” rating and set a $17.00 price target on the stock in a research note on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.10.

Insider Activity

In related news, Director Mariel A. Joliet acquired 13,000 shares of the stock in a transaction dated 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 purchase, the director now owns 13,000 shares in the company, valued at approximately $209,820. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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.