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

Kayne Anderson BDC, Inc. (NYSE:KBDCGet Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 52,200 shares, an increase of 127.0% from the December 31st total of 23,000 shares. Based on an average daily trading volume, of 65,700 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the company are sold short.

Insider Buying and Selling

In related news, Director Susan C. Schnabel purchased 2,500 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of $16.54 per share, for a total transaction of $41,350.00. Following the transaction, the director now owns 8,087 shares of the company’s stock, valued at $133,758.98. This represents a 44.75 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 3.20% of the stock is owned by company insiders.

Institutional Trading of Kayne Anderson BDC

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

Kayne Anderson BDC Trading Up 1.3 %

KBDC traded up $0.22 on Friday, hitting $17.30. The company had a trading volume of 26,645 shares, compared to its average volume of 100,671. The company’s fifty day moving average price is $16.73 and its 200 day moving average price is $16.36. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.66. Kayne Anderson BDC has a 1-year low of $15.69 and a 1-year high of $17.28.

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 $0.40 dividend. This is an increase from Kayne Anderson BDC’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.60 annualized dividend and a dividend yield of 9.25%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lifted their price target on Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Kayne Anderson BDC has an average rating of “Moderate Buy” and an average price target of $17.30.

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Kayne Anderson BDC Company Profile

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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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