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

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 469,500 shares, an increase of 62.1% from the December 15th total of 289,600 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 182,400 shares, the days-to-cover ratio is currently 2.6 days.

Bain Capital Specialty Finance Stock Performance

Shares of Bain Capital Specialty Finance stock traded down $0.03 during midday trading on Friday, hitting $17.39. The company had a trading volume of 79,193 shares, compared to its average volume of 182,006. The company has a fifty day simple moving average of $17.14 and a 200 day simple moving average of $16.80. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 8.74 and a beta of 1.10. Bain Capital Specialty Finance has a 12-month low of $14.77 and a 12-month high of $17.97. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.50 by $0.03. The business had revenue of $72.54 million for the quarter. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. During the same period last year, the company earned $0.55 earnings per share. As a group, analysts predict that Bain Capital Specialty Finance will post 2.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. BOKF NA purchased a new stake in Bain Capital Specialty Finance during the 2nd quarter worth approximately $159,000. Magnetar Financial LLC acquired a new position in Bain Capital Specialty Finance in the 2nd quarter valued at $253,000. Deerfield Management Company L.P. Series C lifted its holdings in Bain Capital Specialty Finance by 213.8% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 79,569 shares of the company’s stock valued at $1,298,000 after purchasing an additional 54,213 shares in the last quarter. Quarry LP grew its holdings in shares of Bain Capital Specialty Finance by 74.2% during the second quarter. Quarry LP now owns 2,976 shares of the company’s stock worth $49,000 after buying an additional 1,268 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its position in shares of Bain Capital Specialty Finance by 2.4% in the third quarter. Redhawk Wealth Advisors Inc. now owns 73,506 shares of the company’s stock valued at $1,220,000 after buying an additional 1,716 shares during the last quarter.

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.