Kayne Anderson BDC, Inc. (NYSE:KBDC) Short Interest Up 185.4% in November

Kayne Anderson BDC, Inc. (NYSE:KBDC) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 11,700 shares, a growth of 185.4% from the October 31st total of 4,100 shares. Based on an average daily volume of 34,400 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

Kayne Anderson BDC Trading Up 0.3 %

Kayne Anderson BDC stock opened at $16.60 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36. Kayne Anderson BDC has a fifty-two week low of $15.69 and a fifty-two week high of $16.80. The firm has a 50 day moving average of $16.23.

Kayne Anderson BDC Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 9.64%. The ex-dividend date is Tuesday, December 31st. This is a boost from Kayne Anderson BDC’s previous quarterly dividend of $0.10.

Institutional Investors Weigh In On Kayne Anderson BDC

Several large investors have recently added to or reduced their stakes in the business. Confluence Investment Management LLC grew its stake in Kayne Anderson BDC by 15.3% during the 3rd quarter. Confluence Investment Management LLC now owns 103,788 shares of the company’s stock worth $1,682,000 after purchasing an additional 13,788 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Kayne Anderson BDC in the 3rd quarter valued at about $44,000. Finally, Franklin Resources Inc. grew its position 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 worth $1,033,000 after buying an additional 11,289 shares in the last quarter.

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.