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

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

Kayne Anderson BDC Stock Performance

Shares of KBDC traded down $0.13 during trading hours on Tuesday, hitting $14.64. The stock had a trading volume of 223,538 shares, compared to its average volume of 314,068. The firm has a market capitalization of $1.00 billion, a PE ratio of 9.69 and a beta of 0.16. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.46 and a quick ratio of 1.46. Kayne Anderson BDC has a 12 month low of $13.06 and a 12 month high of $17.99. The stock has a fifty day moving average price of $14.94 and a 200 day moving average price of $14.85.

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

Kayne Anderson BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Wednesday, December 31st were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 10.9%. The ex-dividend date was Wednesday, December 31st. Kayne Anderson BDC’s payout ratio is 105.96%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KBDC. Catalina Capital Group LLC purchased a new position in shares of Kayne Anderson BDC during the 4th quarter worth $220,000. Adams Asset Advisors LLC bought a new position in Kayne Anderson BDC in the 4th quarter worth $291,000. Hennion & Walsh Asset Management Inc. lifted its position in Kayne Anderson BDC by 22.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 49,544 shares of the company’s stock valued at $709,000 after purchasing an additional 9,063 shares in the last quarter. Alpine Global Management LLC bought a new stake in Kayne Anderson BDC during the third quarter valued at about $706,000. Finally, Voleon Capital Management LP bought a new stake in Kayne Anderson BDC during the third quarter valued at about $345,000.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Royal Bank Of Canada reduced their price objective on shares of Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. 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. UBS Group decreased their target price 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. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Kayne Anderson BDC from $16.50 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.