Short Interest in Kayne Anderson BDC, Inc. (NYSE:KBDC) Increases By 52.7%

Kayne Anderson BDC, Inc. (NYSE:KBDC) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 109,500 shares, a growth of 52.7% from the February 28th total of 71,700 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 127,400 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of Kayne Anderson BDC

A number of institutional investors have recently bought and sold shares of KBDC. BNP Paribas Financial Markets purchased a new stake in shares of Kayne Anderson BDC during the 3rd quarter worth about $44,000. CIBC Private Wealth Group LLC acquired a new position in Kayne Anderson BDC in the fourth quarter worth approximately $46,000. Cerity Partners LLC bought a new position in Kayne Anderson BDC during the fourth quarter valued at approximately $170,000. Perigon Wealth Management LLC acquired a new stake in Kayne Anderson BDC in the fourth quarter valued at approximately $169,000. Finally, BIP Wealth LLC bought a new stake in Kayne Anderson BDC in the fourth quarter worth approximately $168,000.

Kayne Anderson BDC Stock Performance

Kayne Anderson BDC stock traded down $0.31 during mid-day trading on Monday, hitting $16.20. The company’s stock had a trading volume of 144,953 shares, compared to its average volume of 80,230. Kayne Anderson BDC has a 52-week low of $15.69 and a 52-week high of $17.99. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.66. The firm’s 50 day moving average is $16.98 and its 200 day moving average is $16.62.

Kayne Anderson BDC (NYSE:KBDC) last posted its quarterly earnings results on Monday, March 3rd. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.03). The company had revenue of $56.34 million for the quarter, compared to analyst estimates of $53.01 million. Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. Analysts anticipate 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 will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.88%. The ex-dividend date of this dividend is Monday, March 31st.

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.