Kayne Anderson BDC, Inc. (NYSE:KBDC) Short Interest Up 187.6% in February

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

Analyst Ratings Changes

Separately, Royal Bank of Canada increased their price objective on shares of Kayne Anderson BDC from $17.00 to $18.00 and gave the company 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 given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.30.

Kayne Anderson BDC Trading Up 0.5 %

Shares of NYSE:KBDC traded up $0.09 during midday trading on Friday, reaching $17.32. 72,966 shares of the company’s stock traded hands, compared to its average volume of 107,332. 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 has a one year low of $15.69 and a one year high of $17.99. The stock has a 50 day moving average of $16.99 and a 200 day moving average of $16.54.

Kayne Anderson BDC Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, March 18th. Shareholders 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.

Insiders Place Their Bets

In related news, Director Susan C. Schnabel bought 2,500 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were acquired at an average cost of $16.54 per share, with a total value of $41,350.00. Following the completion of the acquisition, the director now owns 8,087 shares of the company’s stock, valued at $133,758.98. The trade was a 44.75 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of Kayne Anderson BDC

A number of institutional investors have recently made changes to their positions in KBDC. BNP Paribas Financial Markets bought a new position in Kayne Anderson BDC during the third quarter valued at approximately $44,000. CIBC Private Wealth Group LLC bought a new position in shares of Kayne Anderson BDC during the 4th quarter valued at $46,000. BIP Wealth LLC purchased a new position in shares of Kayne Anderson BDC in the 4th quarter worth $168,000. Perigon Wealth Management LLC bought a new stake in shares of Kayne Anderson BDC in the fourth quarter worth $169,000. Finally, Cerity Partners LLC purchased a new stake in Kayne Anderson BDC during the fourth quarter valued at $170,000.

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.