Kayne Anderson BDC, Inc. (NYSE:KBDC) Short Interest Down 15.9% in January

Kayne Anderson BDC, Inc. (NYSE:KBDC) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 468,170 shares, a decrease of 15.9% from the December 31st total of 556,720 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 324,621 shares, the short-interest ratio is currently 1.4 days. Based on an average daily volume of 324,621 shares, the short-interest ratio is currently 1.4 days. Approximately 0.7% of the company’s stock are sold short.

Institutional Trading of Kayne Anderson BDC

Several hedge funds and other institutional investors have recently bought and sold shares of KBDC. Security National Bank boosted its holdings in shares of Kayne Anderson BDC by 205.4% during the third quarter. Security National Bank now owns 5,057 shares of the company’s stock worth $67,000 after purchasing an additional 3,401 shares during the period. Osaic Holdings Inc. increased its holdings in Kayne Anderson BDC by 70.9% during the 2nd quarter. Osaic Holdings Inc. now owns 10,268 shares of the company’s stock valued at $157,000 after purchasing an additional 4,261 shares during the period. Acadian Asset Management LLC raised its position in 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 purchasing an additional 8,343 shares during the last quarter. Brevan Howard Capital Management LP purchased a new stake in Kayne Anderson BDC in the 3rd quarter worth approximately $156,000. Finally, Balentine LLC bought a new stake in shares of Kayne Anderson BDC in the 2nd quarter worth approximately $182,000.

Analyst Upgrades and Downgrades

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

Kayne Anderson BDC Trading Down 2.0%

Shares of Kayne Anderson BDC stock opened at $13.73 on Wednesday. The company’s 50-day moving average price is $14.84 and its 200-day moving average price is $14.72. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.00. Kayne Anderson BDC has a 12-month low of $13.06 and a 12-month high of $17.99. The company has a market cap of $939.41 million, a price-to-earnings ratio of 9.10 and a beta of 0.16.

Kayne Anderson BDC (NYSE:KBDC) last released its quarterly earnings results on Monday, November 10th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. The firm had revenue of $61.37 million for the quarter, compared to analysts’ expectations of $53.97 million. Kayne Anderson BDC had a net margin of 46.55% and a return on equity of 10.40%. On average, equities analysts expect that Kayne Anderson BDC will post 2.06 earnings per share for the current fiscal year.

Kayne Anderson BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.60 annualized dividend and a yield of 11.6%. Kayne Anderson BDC’s payout ratio is 105.96%.

Kayne Anderson BDC Company Profile

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.