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

Kayne Anderson BDC, Inc. (NYSE:KBDC) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 506,873 shares, an increase of 31.1% from the January 29th total of 386,758 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 420,335 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 420,335 shares, the short-interest ratio is presently 1.2 days. Currently, 0.8% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in Kayne Anderson BDC during the fourth quarter worth about $336,000. XTX Topco Ltd bought a new position in Kayne Anderson BDC in the 4th quarter valued at $1,290,000. VARCOV Co. purchased a new stake in shares of Kayne Anderson BDC during the 4th quarter valued at $259,000. Quadrature Capital Ltd raised its stake in shares of Kayne Anderson BDC by 41.1% during the 4th quarter. Quadrature Capital Ltd now owns 31,976 shares of the company’s stock worth $458,000 after purchasing an additional 9,317 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Kayne Anderson BDC by 206.3% in the 4th quarter. Millennium Management LLC now owns 254,429 shares of the company’s stock worth $3,643,000 after buying an additional 171,354 shares during the last quarter.

Kayne Anderson BDC Trading Up 1.8%

KBDC traded up $0.24 during trading on Monday, reaching $13.66. 448,225 shares of the stock traded hands, compared to its average volume of 425,329. The stock has a market capitalization of $934.29 million, a PE ratio of 9.05 and a beta of 0.16. The stock’s 50-day moving average is $14.31 and its 200 day moving average is $14.51. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.00. Kayne Anderson BDC has a 12 month low of $13.06 and a 12 month high of $17.38.

Kayne Anderson BDC (NYSE:KBDC) last posted its quarterly earnings results on Monday, March 2nd. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.09). Kayne Anderson BDC had a return on equity of 10.40% and a net margin of 46.55%.The business had revenue of ($25.53) million for the quarter, compared to the consensus estimate of $56.48 million. Equities analysts anticipate that Kayne Anderson BDC will post 2.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KBDC. Wells Fargo & Company reduced their price target on shares of Kayne Anderson BDC from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 12th. Keefe, Bruyette & Woods reduced their price objective on Kayne Anderson BDC from $16.50 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, November 13th. Finally, Royal Bank Of Canada cut their price target on Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Kayne Anderson BDC has an average rating of “Moderate Buy” and an average price target of $15.50.

About Kayne Anderson BDC

Kayne Anderson BDC, Inc (NYSE: KBDC) is a closed-end, non-diversified management investment company structured as a business development company under the Investment Company Act of 1940. The firm focuses on providing bespoke financing solutions to U.S. middle-market companies, offering first-lien and second-lien secured loans, unitranche facilities, mezzanine debt and selected equity co-investments. KBDC targets businesses with EBITDA profiles generally ranging from $10 million to $100 million, aiming to generate attractive income and potential capital appreciation for shareholders.

The company’s portfolio spans a variety of sectors, including healthcare, technology, energy services, consumer products and industrials.