Kayne Anderson BDC, Inc. (NYSE:KBDC) Short Interest Up 64.2% in September

Kayne Anderson BDC, Inc. (NYSE:KBDC) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 392,300 shares, a growth of 64.2% from the September 15th total of 238,900 shares. Based on an average daily trading volume, of 250,100 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.8% of the shares of the company are sold short. Currently, 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 250,100 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On Kayne Anderson BDC

Large investors have recently added to or reduced their stakes in the business. Cerity Partners LLC boosted its stake in Kayne Anderson BDC by 628.4% during the first quarter. Cerity Partners LLC now owns 73,073 shares of the company’s stock valued at $1,185,000 after buying an additional 63,041 shares during the period. HighTower Advisors LLC bought a new stake in Kayne Anderson BDC during the first quarter valued at $269,000. Accelerate Investment Advisors LLC boosted its stake in Kayne Anderson BDC by 50.0% during the second quarter. Accelerate Investment Advisors LLC now owns 62,743 shares of the company’s stock valued at $957,000 after buying an additional 20,915 shares during the period. Requisite Capital Management LLC boosted its stake in Kayne Anderson BDC by 130.4% during the second quarter. Requisite Capital Management LLC now owns 842,721 shares of the company’s stock valued at $13,197,000 after buying an additional 476,938 shares during the period. Finally, Merit Financial Group LLC bought a new stake in Kayne Anderson BDC during the second quarter valued at $26,525,000.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. 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. Keefe, Bruyette & Woods raised Kayne Anderson BDC from a “market perform” rating to an “outperform” rating and set a $16.50 target price for the company in a research report on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.13.

Kayne Anderson BDC Price Performance

Kayne Anderson BDC stock opened at $14.07 on Friday. Kayne Anderson BDC has a one year low of $13.06 and a one year high of $17.99. The business has a fifty day moving average price of $14.37 and a 200-day moving average price of $15.26. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market capitalization of $992.71 million, a P/E ratio of 8.32 and a beta of 0.14.

Kayne Anderson BDC (NYSE:KBDC) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Kayne Anderson BDC had a return on equity of 10.90% and a net margin of 52.99%.The company had revenue of $57.30 million during the quarter, compared to the consensus estimate of $49.37 million. As a group, equities research analysts forecast that Kayne Anderson BDC will post 2.06 EPS for the current year.

Kayne Anderson BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Kayne Anderson BDC’s dividend payout ratio (DPR) is presently 94.67%.

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.