Kayne Anderson BDC, Inc. (NYSE:KBDC) Short Interest Down 17.4% in January

Kayne Anderson BDC, Inc. (NYSE:KBDC) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 386,758 shares, a drop of 17.4% from the January 15th total of 468,170 shares. Based on an average daily volume of 263,765 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.6% of the shares of the stock are sold short. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 263,765 shares, the days-to-cover ratio is presently 1.5 days.

Kayne Anderson BDC Trading Down 0.4%

KBDC traded down $0.06 on Monday, reaching $14.01. 365,063 shares of the company traded hands, compared to its average volume of 325,759. The company has a market cap of $958.28 million, a P/E ratio of 9.28 and a beta of 0.16. 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 one year low of $13.06 and a one year high of $17.99. The firm has a fifty day simple moving average of $14.60 and a two-hundred day simple moving average of $14.61.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KBDC. Keefe, Bruyette & Woods decreased their target price on shares of 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. Wells Fargo & Company decreased their price objective on 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. Finally, Royal Bank Of Canada dropped their target price on Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KBDC. Koch Inc. purchased a new position in Kayne Anderson BDC during the 2nd quarter worth $185,887,000. State of Michigan Retirement System purchased a new position in shares of Kayne Anderson BDC during the fourth quarter valued at $94,036,000. Bank of America Corp DE raised its holdings in shares of Kayne Anderson BDC by 180.1% in the second quarter. Bank of America Corp DE now owns 4,596,731 shares of the company’s stock valued at $70,146,000 after acquiring an additional 2,955,661 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of Kayne Anderson BDC by 612.8% in the third quarter. Pathstone Holdings LLC now owns 1,446,054 shares of the company’s stock valued at $19,261,000 after acquiring an additional 1,243,181 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new stake in Kayne Anderson BDC in the fourth quarter worth about $11,804,000.

Kayne Anderson BDC Company Profile

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.