Short Interest in Kayne Anderson BDC, Inc. (NYSE:KBDC) Increases By 65.5%

Kayne Anderson BDC, Inc. (NYSE:KBDC) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 23,000 shares, a growth of 65.5% from the November 30th total of 13,900 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 58,500 shares, the short-interest ratio is presently 0.4 days.

Kayne Anderson BDC Stock Down 0.5 %

NYSE:KBDC traded down $0.08 during mid-day trading on Friday, reaching $16.75. 67,747 shares of the company were exchanged, compared to its average volume of 54,876. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.66. Kayne Anderson BDC has a 12 month low of $15.69 and a 12 month high of $17.22. The firm’s fifty day moving average is $16.54.

Kayne Anderson BDC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.40 per share. This is a boost from Kayne Anderson BDC’s previous quarterly dividend of $0.10. This represents a $1.60 annualized dividend and a dividend yield of 9.55%. The ex-dividend date of this dividend is Tuesday, December 31st.

Insider Buying and Selling at Kayne Anderson BDC

In other news, Director Susan C. Schnabel purchased 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average cost of $16.54 per share, with a total value of $41,350.00. Following the acquisition, the director now directly owns 8,087 shares of the company’s stock, valued at approximately $133,758.98. This trade represents a 44.75 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KBDC. Confluence Investment Management LLC boosted its position in Kayne Anderson BDC by 15.3% in the 3rd quarter. Confluence Investment Management LLC now owns 103,788 shares of the company’s stock valued at $1,682,000 after buying an additional 13,788 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Kayne Anderson BDC by 21.1% during the third quarter. Franklin Resources Inc. now owns 64,680 shares of the company’s stock valued at $1,033,000 after acquiring an additional 11,289 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in Kayne Anderson BDC in the third quarter valued at about $44,000.

Analyst Ratings Changes

Separately, Royal Bank of Canada lifted their target price on shares of Kayne Anderson BDC from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $17.30.

Kayne Anderson BDC Company Profile

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.