Kayne Anderson BDC, Inc. (NYSE:KBDC – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 4,100 shares, a drop of 74.5% from the September 30th total of 16,100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 28,300 shares, the short-interest ratio is currently 0.1 days.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price objective on shares of Kayne Anderson BDC in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kayne Anderson BDC has a consensus rating of “Moderate Buy” and a consensus target price of $17.10.
Read Our Latest Report on Kayne Anderson BDC
Kayne Anderson BDC Stock Performance
Kayne Anderson BDC (NYSE:KBDC – Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. Kayne Anderson BDC had a return on equity of 11.79% and a net margin of 52.29%. The company had revenue of $52.45 million for the quarter. As a group, research analysts forecast that Kayne Anderson BDC will post 2.03 earnings per share for the current fiscal year.
Kayne Anderson BDC Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, September 30th. This represents a $1.60 annualized dividend and a yield of 9.79%.
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.
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