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

Kayne Anderson BDC, Inc. (NYSE:KBDC) was the recipient of a significant growth in short interest during the month of 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. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 127,400 shares, the days-to-cover ratio is presently 0.9 days.

Kayne Anderson BDC Stock Down 0.4 %

Kayne Anderson BDC stock traded down $0.07 during midday trading on Tuesday, reaching $16.15. 124,564 shares of the stock traded hands, compared to its average volume of 131,601. The stock’s fifty day moving average is $16.97 and its 200-day moving average is $16.62. 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 12 month low of $15.69 and a 12 month high of $17.99.

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

Kayne Anderson BDC Announces Dividend

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. The ex-dividend date is Monday, March 31st. This represents a $1.60 annualized dividend and a dividend yield of 9.91%.

Institutional Inflows and Outflows

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

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.