Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Short Interest Update

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

Institutional Investors Weigh In On Bain Capital Specialty Finance

Several hedge funds have recently bought and sold shares of the stock. Quarry LP boosted its holdings in shares of Bain Capital Specialty Finance by 74.2% in the 2nd quarter. Quarry LP now owns 2,976 shares of the company’s stock worth $49,000 after purchasing an additional 1,268 shares in the last quarter. Register Financial Advisors LLC bought a new stake in Bain Capital Specialty Finance in the 2nd quarter worth approximately $130,000. BOKF NA bought a new stake in Bain Capital Specialty Finance in the 2nd quarter worth approximately $159,000. Farther Finance Advisors LLC purchased a new stake in Bain Capital Specialty Finance in the third quarter worth approximately $182,000. Finally, Lazard Asset Management LLC raised its stake in shares of Bain Capital Specialty Finance by 58.5% during the first quarter. Lazard Asset Management LLC now owns 12,410 shares of the company’s stock worth $194,000 after acquiring an additional 4,581 shares in the last quarter.

Bain Capital Specialty Finance Price Performance

Shares of Bain Capital Specialty Finance stock traded down $0.17 during trading on Tuesday, hitting $16.61. The stock had a trading volume of 75,234 shares, compared to its average volume of 235,010. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.03. Bain Capital Specialty Finance has a 12 month low of $14.75 and a 12 month high of $17.25. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 8.31 and a beta of 1.13. The business’s 50-day moving average is $16.80 and its 200 day moving average is $16.53.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its earnings results 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. The business had revenue of $72.27 million for the quarter. Bain Capital Specialty Finance had a return on equity of 12.09% and a net margin of 43.90%. During the same quarter in the prior year, the company earned $0.60 earnings per share. As a group, sell-side analysts anticipate that Bain Capital Specialty Finance will post 2.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on BCSF. Wells Fargo & Company cut their target price on Bain Capital Specialty Finance from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $17.00 price objective on shares of Bain Capital Specialty Finance in a research report on Wednesday, August 21st.

About Bain Capital Specialty Finance

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.