Kayne Anderson Energy Development Company shares had a trading volume of 126K on Tuesday. Shares saw a steep increase in trading volume of 114.86% over the normal average daily volume.
Investors are a little more bearish on Kayne Anderson Energy Development Company of late as inferred by the rise in short interest. The company recorded a rise in short interest of 1.10% as of October 13, 2017 from the last reporting period. Short shares grew from 24,488 to 24,757 over that period. Days to cover decreased 0.0 to 1.0 and the percentage of shorted shares was 0.00% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (KED). Wells Fargo & Company/mn reduced its ownership by shedding 120 shares a decrease of 1.6% from 06/30/2017 to 09/30/2017. Wells Fargo & Company/mn claims 7,583 shares worth $131,000. The value of the position overall is down by 6.4%. Citigroup Inc grew its stake by buying 20 shares an increase of 2.4% as of 09/30/2017. Citigroup Inc now controls 870 shares with a value of $15,000. The total value of its holdings decreased 0.0%.
Stifel Financial Corp cut its holdings by selling 1,281 shares a decrease of 3.4% in the quarter. Stifel Financial Corp now holds 36,731 shares valued at $633,000. The value of the position overall is down by 8.0%. As of quarter end Raymond James & Associates had acquired 1,049 shares growing its stake by 9.8%. The value in dollars went from $194,000 to $203,000 a change of 4.6% since the last quarter.
On October 13 Stifel Nicolaus kept the company rating at “Buy” projecting a price of $20.00. September 10 investment analysts at Stifel Nicolaus left the stock rating at “Buy” targeting a price of $20.00.
In the market the company is trading up by 0.76% since yesterday’s close of 14.45. Kayne Anderson Energy Development Company currently has a P/E ratio of N/A and the market cap is 156.40M. In the last earnings report the EPS was $-0.07 with 10.76M shares presently outstanding.
Kayne Anderson Energy Development Company, incorporated in May 2006, is a non-diversified, closed-end management investment company. The Company?s investment objective is to generate both current income and capital appreciation primarily through equity and debt investments. It invests primarily in energy companies that are not publicly traded (private). The Company seeks to invest at least 80% of its net assets together with the proceeds of any borrowings in securities of companies that derive the majority of their revenue from activities in the energy industry (energy companies), including midstream energy companies, upstream and other energy companies. The Company?s investment advisor is KA Fund Advisors, LLC (KAFA)..