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

Kayne Anderson BDC, Inc. (NYSE:KBDC) was the target of a large increase in short interest in 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. Based on an average trading volume of 127,400 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the shares of the stock are short sold.

Kayne Anderson BDC Trading Down 1.9 %

NYSE:KBDC 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. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a fifty day moving average of $16.98 and a 200-day moving average of $16.62. Kayne Anderson BDC has a fifty-two week low of $15.69 and a fifty-two week high of $17.99.

Kayne Anderson BDC (NYSE:KBDC) last posted its 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). Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. The company had revenue of $56.34 million for the quarter, compared to the consensus estimate of $53.01 million. On average, equities research analysts expect that Kayne Anderson BDC will post 2.06 EPS for the current year.

Kayne Anderson BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 9.88%. The ex-dividend date is Monday, March 31st.

Institutional Investors Weigh In On Kayne Anderson BDC

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in Kayne Anderson BDC during the third quarter worth about $44,000. CIBC Private Wealth Group LLC acquired a new position in shares of Kayne Anderson BDC in the 4th quarter worth approximately $46,000. Cerity Partners LLC bought a new stake in Kayne Anderson BDC during the 4th quarter worth approximately $170,000. Perigon Wealth Management LLC acquired a new stake in Kayne Anderson BDC during the 4th quarter valued at $169,000. Finally, BIP Wealth LLC bought a new position in Kayne Anderson BDC in the 4th quarter valued at $168,000.

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.