Kayne Anderson BDC, Inc. (NYSE:KBDC) Short Interest Update

by · The Cerbat Gem

Kayne Anderson BDC, Inc. (NYSE:KBDC – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 16,100 shares, a growth of 182.5% from the September 15th total of 5,700 shares. Based on an average trading volume of 30,800 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.

Insiders Place Their Bets

In other news, Director Mariel A. Joliet bought 13,000 shares of the stock in a transaction on Friday, July 19th. The shares were purchased at an average price of $16.14 per share, for a total transaction of $209,820.00. Following the completion of the purchase, the director now directly owns 13,000 shares of the company’s stock, valued at $209,820. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Bank of America assumed coverage on Kayne Anderson BDC in a report on Monday, June 17th. They set a “buy” rating and a $17.50 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 target price on shares of Kayne Anderson BDC in a research report on Thursday, August 15th. Keefe, Bruyette & Woods raised Kayne Anderson BDC to a “hold” rating and set a $17.00 price target on the stock in a research report on Monday, June 17th. Wells Fargo & Company raised Kayne Anderson BDC to a “strong-buy” rating and set a $17.00 price objective for the company in a research report on Monday, June 17th. Finally, UBS Group raised Kayne Anderson BDC to a “hold” rating and set a $17.00 target price on the stock in a report on Monday, June 17th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $17.10.

Read Our Latest Stock Report on Kayne Anderson BDC

Kayne Anderson BDC Price Performance

KBDC stock traded up $0.05 during trading on Friday, hitting $16.04. The company had a trading volume of 13,231 shares, compared to its average volume of 47,736. The firm’s fifty day moving average is $16.10. Kayne Anderson BDC has a fifty-two week low of $15.69 and a fifty-two week high of $16.62. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.53 and a quick ratio of 0.53.

Kayne Anderson BDC (NYSE:KBDC – Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The firm had revenue of $52.45 million for the quarter. Kayne Anderson BDC had a net margin of 52.29% and a return on equity of 11.79%. On average, analysts expect that Kayne Anderson BDC will post 2.03 earnings per share for the current fiscal year.

Kayne Anderson BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, September 30th. This represents a $1.60 annualized dividend and a yield of 9.98%.

Kayne Anderson BDC Company Profile

(Get Free Report)

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.

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