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

Kayne Anderson BDC, Inc. (NYSE:KBDC) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 11,700 shares, an increase of 185.4% from the October 31st total of 4,100 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 34,400 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada increased their price target on shares of Kayne Anderson BDC from $17.00 to $18.00 and gave the company an “outperform” rating in a research note 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.30.

Kayne Anderson BDC Price Performance

Shares of NYSE:KBDC opened at $16.75 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36. Kayne Anderson BDC has a 1-year low of $15.69 and a 1-year high of $16.80. The stock’s 50-day moving average price is $16.25.

Kayne Anderson BDC Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.55%. This is an increase from Kayne Anderson BDC’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, December 31st.

Hedge Funds Weigh In On Kayne Anderson BDC

A number of hedge funds and other institutional investors have recently bought and sold shares of KBDC. Confluence Investment Management LLC raised its position in shares of Kayne Anderson BDC by 15.3% during the 3rd quarter. Confluence Investment Management LLC now owns 103,788 shares of the company’s stock valued at $1,682,000 after acquiring an additional 13,788 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Kayne Anderson BDC during the third quarter worth $44,000. Finally, Franklin Resources Inc. increased its holdings in Kayne Anderson BDC by 21.1% in the third quarter. Franklin Resources Inc. now owns 64,680 shares of the company’s stock valued at $1,033,000 after purchasing an additional 11,289 shares during the last quarter.

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.