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

Kayne Anderson BDC, Inc. (NYSE:KBDC) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 556,720 shares, a drop of 20.3% from the December 15th total of 698,139 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 502,659 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily trading volume, of 502,659 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.8% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Security National Bank grew its stake in shares of Kayne Anderson BDC by 205.4% during the 3rd quarter. Security National Bank now owns 5,057 shares of the company’s stock valued at $67,000 after acquiring an additional 3,401 shares during the period. Brevan Howard Capital Management LP bought a new position in shares of Kayne Anderson BDC in the third quarter worth approximately $156,000. Osaic Holdings Inc. increased its stake in shares of Kayne Anderson BDC by 70.9% in the second quarter. Osaic Holdings Inc. now owns 10,268 shares of the company’s stock worth $157,000 after purchasing an additional 4,261 shares in the last quarter. Centiva Capital LP bought a new stake in shares of Kayne Anderson BDC during the 3rd quarter valued at $172,000. Finally, Acadian Asset Management LLC lifted its stake in shares of Kayne Anderson BDC by 341.2% during the 1st quarter. Acadian Asset Management LLC now owns 10,788 shares of the company’s stock valued at $173,000 after buying an additional 8,343 shares in the last quarter.

Kayne Anderson BDC Stock Down 2.6%

Kayne Anderson BDC stock opened at $14.80 on Friday. The stock has a market cap of $1.01 billion, a PE ratio of 9.80 and a beta of 0.16. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a fifty day moving average of $14.93 and a 200 day moving average of $14.86. Kayne Anderson BDC has a one year low of $13.06 and a one year high of $17.99.

Kayne Anderson BDC (NYSE:KBDC) last released its quarterly earnings results on Monday, November 10th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The firm had revenue of $61.37 million during the quarter, compared to analyst estimates of $53.97 million. Kayne Anderson BDC had a net margin of 46.55% and a return on equity of 10.40%. As a group, sell-side analysts predict that Kayne Anderson BDC will post 2.06 EPS for the current year.

Kayne Anderson BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 10.8%. The ex-dividend date was Wednesday, December 31st. Kayne Anderson BDC’s dividend payout ratio is 105.96%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KBDC shares. UBS Group reduced their price objective on Kayne Anderson BDC from $16.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods lowered their price objective on Kayne Anderson BDC from $16.50 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, November 13th. Wells Fargo & Company reduced their target price on Kayne Anderson BDC from $16.00 to $15.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th. Finally, Royal Bank Of Canada lowered their price target on Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.50.

About Kayne Anderson BDC

Kayne Anderson BDC, Inc (NYSE: KBDC) is a closed-end, non-diversified management investment company structured as a business development company under the Investment Company Act of 1940. The firm focuses on providing bespoke financing solutions to U.S. middle-market companies, offering first-lien and second-lien secured loans, unitranche facilities, mezzanine debt and selected equity co-investments. KBDC targets businesses with EBITDA profiles generally ranging from $10 million to $100 million, aiming to generate attractive income and potential capital appreciation for shareholders.

The company’s portfolio spans a variety of sectors, including healthcare, technology, energy services, consumer products and industrials.