Kayne Anderson BDC, Inc. (NYSE:KBDC) Sees Short Interest Surge in January

Kayne Anderson BDC, Inc. (NYSE:KBDC) experienced a notable rise in short interest during the month of January. As of January 31st, short interest totaled 46,700 shares, marking an increase of 53.1% compared to the previous total of 30,500 shares on January 15th. Currently, approximately 0.1% of the company’s shares are short sold. Given an average daily trading volume of 89,600 shares, the short-interest ratio stands at 0.5 days.

Kayne Anderson BDC Alerts

Wall Street Analysts Predict Growth

In related news, the Royal Bank of Canada raised its target price on Kayne Anderson BDC from $17.00 to $18.00 and assigned an "outperform" rating in a report issued on November 18th. There have been mixed ratings from analysts; two have recommended a hold, two have given a buy recommendation, and one has designated it as a strong buy. As per MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $17.30.

Latest Stock Report on KBDC

Insider Transactions

In other developments regarding Kayne Anderson BDC, Director Susan C. Schnabel purchased 2,500 shares of the stock on December 18th. The shares were acquired at an average price of $16.54 each, totaling $41,350.00 for the transaction. Following this purchase, the director now holds 8,087 shares in Kayne Anderson BDC, valued at approximately $133,758.98, representing a 44.75% increase in their holdings. This purchase was documented in a filing with the SEC, which can be found through various financial channels. Insiders currently own about 3.20% of the company’s stock.

Institutional Investor Activity

Several institutional investors have recently adjusted their positions in Kayne Anderson BDC. BNP Paribas Financial Markets acquired a new stake in the company during the third quarter, amounting to $44,000. CIBC Private Wealth Group LLC also bought a new stake valued at $46,000 in the fourth quarter. Furthermore, Cerity Partners LLC acquired a stake worth $170,000, while Perigon Wealth Management LLC purchased $169,000 worth of shares. Finally, Accredited Investors Inc. made a new acquisition valued at $196,000 during the fourth quarter.

Price Movement of Kayne Anderson BDC

On the trading front, shares of NYSE:KBDC rose by $0.23 on Friday, reaching a price of $17.65 with 91,179 shares exchanged, slightly below the average trading volume of 94,110 shares. The company maintains a debt-to-equity ratio of 0.66 and has current and quick ratios of 1.36. The stock has a yearly low of $15.69 and a high of $17.76, with a fifty-day moving average of $16.86 and a two-hundred-day moving average of $16.45.

Dividend Announcement

Additionally, Kayne Anderson BDC has announced a dividend that will be distributed on March 18th. Shareholders on record as of March 3rd will receive a dividend of $0.10 per share. The ex-dividend date is also set for March 3rd.

Company Overview

Kayne Anderson BDC Inc operates as a business development company focusing primarily on first lien senior secured loans, with a secondary focus on unitranche and split-lien loans tailored for middle-market companies. The firm is based in Chicago.

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