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

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) saw a large growth in short interest in 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. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 191,500 shares, the short-interest ratio is currently 1.9 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Bain Capital Specialty Finance by 41.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 165,005 shares of the company’s stock worth $2,587,000 after buying an additional 48,404 shares during the last quarter. Van ECK Associates Corp grew its stake in Bain Capital Specialty Finance by 13.4% in the 1st quarter. Van ECK Associates Corp now owns 886,423 shares of the company’s stock valued at $13,899,000 after purchasing an additional 104,422 shares during the period. Confluence Investment Management LLC purchased a new stake in shares of Bain Capital Specialty Finance during the 1st quarter valued at $1,840,000. LSV Asset Management bought a new stake in shares of Bain Capital Specialty Finance during the 1st quarter worth $847,000. Finally, Quadrature Capital Ltd boosted its holdings in shares of Bain Capital Specialty Finance by 106.6% in the 4th quarter. Quadrature Capital Ltd now owns 83,362 shares of the company’s stock worth $1,255,000 after buying an additional 43,005 shares during the last quarter.

Bain Capital Specialty Finance Trading Down 0.2 %

NYSE BCSF traded down $0.03 during trading hours on Monday, reaching $16.60. The company’s stock had a trading volume of 107,135 shares, compared to its average volume of 241,384. Bain Capital Specialty Finance has a 52 week low of $14.60 and a 52 week high of $17.25. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market cap of $1.07 billion, a P/E ratio of 8.30 and a beta of 1.13. The firm has a fifty day simple moving average of $16.61 and a 200-day simple moving average of $16.45.

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

Analysts Set New Price Targets

Several research analysts have commented on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $17.00 target price on shares of Bain Capital Specialty Finance in a research note on Wednesday, August 21st. Wells Fargo & Company cut 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 research report on Thursday, August 8th.

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.