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

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

Institutional Trading of Kayne Anderson BDC

A number of hedge funds and other institutional investors have recently bought and sold shares of KBDC. Price T Rowe Associates Inc. MD purchased a new stake in shares of Kayne Anderson BDC during the fourth quarter valued at $331,000. Advisory Services Network LLC lifted its holdings in Kayne Anderson BDC by 16.0% during the 4th quarter. Advisory Services Network LLC now owns 10,206 shares of the company’s stock valued at $146,000 after buying an additional 1,407 shares in the last quarter. Legacy Wealth Advisors LLC bought a new stake in Kayne Anderson BDC during the 4th quarter valued at about $846,000. Russell Investments Group Ltd. purchased a new stake in Kayne Anderson BDC in the 4th quarter valued at about $2,781,000. Finally, Royal Bank of Canada grew its stake in Kayne Anderson BDC by 97.6% in the 4th quarter. Royal Bank of Canada now owns 41,497 shares of the company’s stock worth $594,000 after acquiring an additional 20,495 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KBDC shares. Keefe, Bruyette & Woods decreased 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. Wells Fargo & Company cut their target price 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 decreased their price target on Kayne Anderson BDC from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Kayne Anderson BDC has an average rating of “Moderate Buy” and an average target price of $15.50.

Kayne Anderson BDC Trading Down 0.8%

Shares of KBDC traded down $0.11 during mid-day trading on Tuesday, reaching $13.86. 348,581 shares of the company’s stock traded hands, compared to its average volume of 325,759. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.46 and a quick ratio of 1.46. The stock’s 50-day moving average is $14.58 and its two-hundred day moving average is $14.60. Kayne Anderson BDC has a 12 month low of $13.06 and a 12 month high of $17.99. The stock has a market cap of $948.30 million, a P/E ratio of 9.18 and a beta of 0.16.

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.