Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Short Interest Up 59.5% in September

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 368,300 shares, a growth of 59.5% from the September 15th total of 230,900 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 191,500 shares, the short-interest ratio is presently 1.9 days.

Bain Capital Specialty Finance Price Performance

Shares of BCSF traded down $0.03 during midday trading on Monday, reaching $16.60. The stock had a trading volume of 107,135 shares, compared to its average volume of 241,384. Bain Capital Specialty Finance has a 12-month low of $14.60 and a 12-month high of $17.25. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.03. The company’s 50-day moving average is $16.61 and its 200 day moving average is $16.45. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 8.30 and a beta of 1.13.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Bain Capital Specialty Finance had a net margin of 43.90% and a return on equity of 12.09%. The firm had revenue of $72.27 million during the quarter. During the same quarter in the previous year, the firm posted $0.60 earnings per share. On average, equities analysts predict that Bain Capital Specialty Finance will post 2.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BCSF has been the subject of several analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $17.00 price objective on shares of Bain Capital Specialty Finance in a report on Wednesday, August 21st. Wells Fargo & Company decreased their target price on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp increased its position in shares of Bain Capital Specialty Finance by 18.4% in the second quarter. Van ECK Associates Corp now owns 1,049,379 shares of the company’s stock valued at $17,116,000 after acquiring an additional 162,956 shares during the period. Confluence Investment Management LLC purchased a new position in Bain Capital Specialty Finance during the 1st quarter valued at about $1,840,000. Norden Group LLC raised its position in Bain Capital Specialty Finance by 736.2% during the 1st quarter. Norden Group LLC now owns 101,920 shares of the company’s stock valued at $1,598,000 after purchasing an additional 89,731 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Bain Capital Specialty Finance by 33.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 317,318 shares of the company’s stock worth $5,175,000 after buying an additional 80,192 shares during the period. Finally, Deerfield Management Company L.P. Series C grew its position in shares of Bain Capital Specialty Finance by 213.8% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 79,569 shares of the company’s stock worth $1,298,000 after buying an additional 54,213 shares during the last quarter.

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.