Short Interest in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Decreases By 37.8%

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 229,200 shares, a drop of 37.8% from the September 30th total of 368,300 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 185,500 shares, the days-to-cover ratio is currently 1.2 days.

Bain Capital Specialty Finance Price Performance

BCSF opened at $16.74 on Friday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.03. The company’s 50-day moving average price is $16.80 and its 200 day moving average price is $16.52. Bain Capital Specialty Finance has a fifty-two week low of $14.64 and a fifty-two week high of $17.25. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 8.37 and a beta of 1.13.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. Bain Capital Specialty Finance had a return on equity of 12.09% and a net margin of 43.90%. The business had revenue of $72.27 million for the quarter. During the same period last year, the business posted $0.60 EPS. As a group, sell-side analysts expect that Bain Capital Specialty Finance will post 2.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $17.00 target price on shares of Bain Capital Specialty Finance in a research report on Wednesday, August 21st.

Institutional Trading of Bain Capital Specialty Finance

Hedge funds have recently modified their holdings of the business. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Bain Capital Specialty Finance by 41.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 165,005 shares of the company’s stock worth $2,587,000 after acquiring an additional 48,404 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Bain Capital Specialty Finance by 13.4% in the first quarter. Van ECK Associates Corp now owns 886,423 shares of the company’s stock worth $13,899,000 after buying an additional 104,422 shares during the last quarter. LSV Asset Management bought a new stake in shares of Bain Capital Specialty Finance during the 1st quarter worth $847,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Bain Capital Specialty Finance by 2.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 237,126 shares of the company’s stock valued at $3,718,000 after buying an additional 6,536 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Bain Capital Specialty Finance by 28.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 68,202 shares of the company’s stock worth $1,069,000 after acquiring an additional 15,196 shares during the period.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance, Inc is business development company specializing in direct loans to middle-market companies. The fund seeks to invest in senior investments with a first or second lien on collateral, senior first lien, stretch senior, senior second lien, unitranche, mezzanine debt, junior securities, other junior investments, and secondary purchases of assets or portfolios that primarily consist of middle-market corporate debt.