Short Interest in Kayne Anderson BDC, Inc. (NYSE:KBDC) Expands By 22.9%

Kayne Anderson BDC, Inc. (NYSE:KBDC) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 134,600 shares, a growth of 22.9% from the March 15th total of 109,500 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 148,400 shares, the short-interest ratio is currently 0.9 days.

Kayne Anderson BDC Stock Performance

Shares of KBDC traded down $0.28 during trading hours on Monday, hitting $15.40. The company had a trading volume of 311,028 shares, compared to its average volume of 89,759. Kayne Anderson BDC has a one year low of $13.93 and a one year high of $17.99. The company’s fifty day moving average price is $16.45 and its two-hundred day moving average price is $16.54. 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 (NYSE:KBDC) last released its quarterly earnings results on Monday, March 3rd. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). The firm had revenue of $56.34 million during the quarter, compared to the consensus estimate of $53.01 million. Kayne Anderson BDC had a net margin of 59.80% and a return on equity of 12.65%. Equities research analysts expect that Kayne Anderson BDC will post 2.06 EPS for the current fiscal year.

Kayne Anderson BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.60 annualized dividend and a dividend yield of 10.39%.

Institutional Trading of Kayne Anderson BDC

Institutional investors have recently made changes to their positions in the business. Confluence Investment Management LLC grew its stake in shares of Kayne Anderson BDC by 0.6% during the first quarter. Confluence Investment Management LLC now owns 110,635 shares of the company’s stock worth $1,794,000 after acquiring an additional 678 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of Kayne Anderson BDC during the fourth quarter worth $46,000. Marshall Wace LLP grew its holdings in shares of Kayne Anderson BDC by 31.7% during the fourth quarter. Marshall Wace LLP now owns 18,117 shares of the company’s stock valued at $300,000 after buying an additional 4,359 shares during the last quarter. Magnus Financial Group LLC raised its stake in Kayne Anderson BDC by 32.7% in the 1st quarter. Magnus Financial Group LLC now owns 39,261 shares of the company’s stock worth $637,000 after acquiring an additional 9,684 shares during the last quarter. Finally, Citadel Advisors LLC lifted its position in Kayne Anderson BDC by 21.1% during the 4th quarter. Citadel Advisors LLC now owns 56,078 shares of the company’s stock worth $928,000 after acquiring an additional 9,753 shares during the period.

Wall Street Analyst Weigh In

KBDC has been the topic of several research reports. UBS Group reduced their price objective on Kayne Anderson BDC from $16.50 to $16.00 and set a “neutral” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods decreased their price objective on Kayne Anderson BDC from $17.00 to $16.50 and set a “market perform” rating for the company in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

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.