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

Kayne Anderson BDC, Inc. (NYSE:KBDC) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 109,500 shares, an increase of 52.7% from the February 28th total of 71,700 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 127,400 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On Kayne Anderson BDC

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in Kayne Anderson BDC by 4,201.5% during the 4th quarter. Bank of America Corp DE now owns 989,008 shares of the company’s stock worth $16,358,000 after buying an additional 966,016 shares in the last quarter. Requisite Capital Management LLC purchased a new stake in Kayne Anderson BDC during the fourth quarter worth approximately $5,589,000. Corient Private Wealth LLC purchased a new position in shares of Kayne Anderson BDC in the 4th quarter valued at $4,205,000. Sage Mountain Advisors LLC purchased a new position in shares of Kayne Anderson BDC during the fourth quarter worth about $3,359,000. Finally, Renaissance Technologies LLC increased its position in Kayne Anderson BDC by 584.4% during the fourth quarter. Renaissance Technologies LLC now owns 145,100 shares of the company’s stock worth $2,400,000 after buying an additional 123,900 shares during the period.

Kayne Anderson BDC Stock Performance

Shares of Kayne Anderson BDC stock traded down $0.07 on Tuesday, hitting $16.15. 124,564 shares of the company were exchanged, compared to its average volume of 131,601. The company has a 50-day moving average price of $16.97 and a 200 day moving average price of $16.62. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. Kayne Anderson BDC has a 1-year low of $15.69 and a 1-year high of $17.99.

Kayne Anderson BDC (NYSE:KBDC) last announced its quarterly earnings results on Monday, March 3rd. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. The firm had revenue of $56.34 million for the quarter, compared to analyst estimates of $53.01 million. Research analysts predict that Kayne Anderson BDC will post 2.06 EPS for the current fiscal year.

Kayne Anderson BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.91%.

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.