Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Sees Large Drop in Short Interest

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 382,400 shares, a decrease of 18.6% from the December 31st total of 469,500 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 191,600 shares, the short-interest ratio is presently 2.0 days.

Bain Capital Specialty Finance Price Performance

Shares of NYSE:BCSF traded up $0.01 during trading hours on Friday, hitting $18.18. 315,753 shares of the company’s stock traded hands, compared to its average volume of 177,843. The company’s fifty day simple moving average is $17.35 and its two-hundred day simple moving average is $16.90. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 9.14 and a beta of 1.10. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41. Bain Capital Specialty Finance has a 52 week low of $14.77 and a 52 week high of $18.35.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its earnings results on Tuesday, November 5th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. The business had revenue of $72.54 million for the quarter. During the same quarter in the previous year, the firm earned $0.55 earnings per share. As a group, equities analysts anticipate that Bain Capital Specialty Finance will post 2.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company increased their price target on Bain Capital Specialty Finance from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday.

Hedge Funds Weigh In On Bain Capital Specialty Finance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP increased 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 valued at $49,000 after purchasing an additional 1,268 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Bain Capital Specialty Finance during the 3rd quarter valued at $136,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Bain Capital Specialty Finance during the 4th quarter valued at $151,000. Farther Finance Advisors LLC purchased a new stake in shares of Bain Capital Specialty Finance during the third quarter worth $182,000. Finally, Centiva Capital LP acquired a new stake in Bain Capital Specialty Finance during the third quarter valued at $199,000.

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.