Short Interest in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Grows By 9.7%

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 278,400 shares, an increase of 9.7% from the July 31st total of 253,700 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 218,600 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of Bain Capital Specialty Finance

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FinTrust Capital Advisors LLC acquired a new position in shares of Bain Capital Specialty Finance during the fourth quarter valued at about $30,000. Quarry LP increased its stake in Bain Capital Specialty Finance by 74.2% during the second quarter. Quarry LP now owns 2,976 shares of the company’s stock valued at $49,000 after acquiring an additional 1,268 shares during the period. Register Financial Advisors LLC bought a new position in Bain Capital Specialty Finance during the second quarter valued at about $130,000. Cape Investment Advisory Inc. acquired a new position in Bain Capital Specialty Finance in the 4th quarter valued at approximately $134,000. Finally, Twin Focus Capital Partners LLC bought a new stake in shares of Bain Capital Specialty Finance in the 4th quarter worth approximately $151,000.

Bain Capital Specialty Finance Stock Performance

Shares of NYSE BCSF traded up $0.15 during trading hours on Friday, hitting $17.11. 212,517 shares of the company’s stock were exchanged, compared to its average volume of 225,520. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 8.56 and a beta of 1.12. The company’s 50-day moving average price is $16.43 and its 200-day moving average price is $16.18. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.80 and a quick ratio of 1.80. Bain Capital Specialty Finance has a 1-year low of $14.60 and a 1-year high of $17.15.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. Bain Capital Specialty Finance had a return on equity of 12.09% and a net margin of 43.90%. The company had revenue of $72.27 million during the quarter. During the same period in the prior year, the company posted $0.60 earnings per share. On average, sell-side analysts expect that Bain Capital Specialty Finance will post 2.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on BCSF. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $17.00 price target on shares of Bain Capital Specialty Finance in a research report on Wednesday, August 21st. Wells Fargo & Company reduced their target price on Bain Capital Specialty Finance from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Thursday, August 8th.

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.