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

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 270,700 shares, a decline of 25.7% from the February 28th total of 364,500 shares. Based on an average daily volume of 273,900 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.4% of the shares of the company are sold short.

Insiders Place Their Bets

In related news, Director Clare Stack Richer purchased 1,530 shares of the stock in a transaction on Monday, March 17th. The shares were purchased at an average cost of $16.43 per share, with a total value of $25,137.90. Following the acquisition, the director now directly owns 20,835 shares in the company, valued at $342,319.05. The trade was a 7.93 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Bain Capital Specialty Finance

Several hedge funds have recently bought and sold shares of BCSF. Mascoma Wealth Management LLC acquired a new stake in shares of Bain Capital Specialty Finance during the 4th quarter worth approximately $29,000. Aquatic Capital Management LLC acquired a new stake in shares of Bain Capital Specialty Finance in the 4th quarter valued at $67,000. Quantbot Technologies LP bought a new position in shares of Bain Capital Specialty Finance in the 3rd quarter valued at $136,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Bain Capital Specialty Finance during the 4th quarter worth $151,000. Finally, Lazard Asset Management LLC lifted its position in shares of Bain Capital Specialty Finance by 14.5% during the 4th quarter. Lazard Asset Management LLC now owns 9,361 shares of the company’s stock worth $164,000 after buying an additional 1,189 shares during the last quarter.

Bain Capital Specialty Finance Stock Down 0.6 %

Shares of BCSF opened at $16.70 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. Bain Capital Specialty Finance has a 12 month low of $15.29 and a 12 month high of $19.21. The firm’s 50 day moving average is $17.71 and its 200-day moving average is $17.24. The stock has a market capitalization of $1.08 billion, a PE ratio of 8.39 and a beta of 1.10.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $73.30 million for the quarter, compared to analyst estimates of $67.50 million. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. Equities research analysts forecast that Bain Capital Specialty Finance will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 dividend on an annualized basis and a yield of 0.72%. Bain Capital Specialty Finance’s payout ratio is 90.81%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods lifted their target price on Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, March 4th.

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.