Short Interest in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Rises By 44.0%

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 314,900 shares, a growth of 44.0% from the March 31st total of 218,700 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average trading volume of 347,600 shares, the short-interest ratio is currently 0.9 days.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BCSF. Keefe, Bruyette & Woods decreased their price target on Bain Capital Specialty Finance from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company decreased their price target on Bain Capital Specialty Finance from $19.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday.

Bain Capital Specialty Finance Stock Down 0.6 %

BCSF opened at $15.45 on Wednesday. The business’s fifty day moving average is $16.28 and its two-hundred day moving average is $16.94. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 7.76 and a beta of 0.79. Bain Capital Specialty Finance has a one year low of $13.20 and a one year high of $19.21.

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

Bain Capital Specialty Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be given a $0.03 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 annualized dividend and a dividend yield of 0.78%. Bain Capital Specialty Finance’s dividend payout ratio is currently 90.81%.

Insider Buying and Selling at Bain Capital Specialty Finance

In other Bain Capital Specialty Finance news, Director Clare Stack Richer bought 1,530 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was acquired at an average price of $16.43 per share, for a total transaction of $25,137.90. Following the completion of the purchase, the director now owns 20,835 shares of the company’s stock, valued at approximately $342,319.05. This represents a 7.93 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.59% of the stock is currently owned by insiders.

Institutional Trading of Bain Capital Specialty Finance

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mascoma Wealth Management LLC acquired a new position in Bain Capital Specialty Finance in the fourth quarter valued at $29,000. Aquatic Capital Management LLC purchased a new stake in shares of Bain Capital Specialty Finance in the fourth quarter worth about $67,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Bain Capital Specialty Finance in the fourth quarter worth about $151,000. Lazard Asset Management LLC boosted its position in shares of Bain Capital Specialty Finance by 14.5% in the fourth 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 period. Finally, XTX Topco Ltd purchased a new stake in shares of Bain Capital Specialty Finance in the fourth quarter worth about $197,000.

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.