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

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KBDC. Wells Fargo & Company lowered their price target on shares of 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 dropped their target price on shares of Kayne Anderson BDC from $16.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Royal Bank Of Canada decreased their price target on Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Finally, Keefe, Bruyette & Woods cut their target price 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. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.50.

Institutional Trading of Kayne Anderson BDC

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Security National Bank lifted its holdings in shares of Kayne Anderson BDC by 205.4% in the third quarter. Security National Bank now owns 5,057 shares of the company’s stock valued at $67,000 after purchasing an additional 3,401 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in Kayne Anderson BDC during the 3rd quarter worth $156,000. Osaic Holdings Inc. raised its holdings 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 valued at $157,000 after purchasing an additional 4,261 shares during the last quarter. Centiva Capital LP bought a new position in shares of Kayne Anderson BDC during the third quarter valued at about $172,000. Finally, Acadian Asset Management LLC boosted its holdings in Kayne Anderson BDC by 341.2% during the first quarter. Acadian Asset Management LLC now owns 10,788 shares of the company’s stock worth $173,000 after purchasing an additional 8,343 shares during the last quarter.

Kayne Anderson BDC Stock Down 2.0%

Shares of KBDC traded down $0.29 during trading hours on Tuesday, hitting $13.73. The stock had a trading volume of 390,502 shares, compared to its average volume of 302,676. Kayne Anderson BDC has a 1-year low of $13.06 and a 1-year high of $17.99. The firm has a market capitalization of $939.41 million, a P/E ratio of 9.10 and a beta of 0.16. The firm has a 50 day simple moving average of $14.84 and a 200-day simple moving average of $14.72. 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 (NYSE:KBDC) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $61.37 million for the quarter, compared to the consensus estimate of $53.97 million. Kayne Anderson BDC had a return on equity of 10.40% and a net margin of 46.55%. Sell-side analysts predict that Kayne Anderson BDC will post 2.06 EPS for the current fiscal 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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date was Wednesday, December 31st. Kayne Anderson BDC’s dividend payout ratio is currently 105.96%.

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.