Short Interest in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Decreases By 17.7%

Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Get Free Report) saw a large decline in short interest in May. As of May 15th, there was short interest totalling 229,900 shares, a decline of 17.7% from the April 30th total of 279,300 shares. Approximately 0.4% of the company's stock are sold short. Based on an average trading volume of 371,900 shares, the short-interest ratio is currently 0.6 days.

Bain Capital Specialty Finance Stock Performance

BCSF stock traded up $0.17 on Friday, hitting $15.62. The company's stock had a trading volume of 147,793 shares, compared to its average volume of 239,029. The firm has a 50 day moving average of $15.21 and a two-hundred day moving average of $16.68. Bain Capital Specialty Finance has a 1 year low of $13.20 and a 1 year high of $19.21. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 7.85 and a beta of 0.82. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The firm had revenue of $52.84 million during the quarter, compared to the consensus estimate of $71.00 million. Equities analysts predict that Bain Capital Specialty Finance will post 2.06 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Clare Stack Richer acquired 1,530 shares of Bain Capital Specialty Finance 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 transaction, the director now owns 20,835 shares of the company's stock, valued at $342,319.05. This represents a 7.93% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.59% of the stock is currently owned by company insiders.

Institutional Trading of Bain Capital Specialty Finance

Institutional investors and hedge funds have recently bought and sold shares of the business. Mascoma Wealth Management LLC purchased a new stake in Bain Capital Specialty Finance in the 4th quarter valued at $29,000. Aquatic Capital Management LLC purchased a new stake in Bain Capital Specialty Finance in the 4th quarter valued at $67,000. Quarry LP purchased a new stake in Bain Capital Specialty Finance in the 1st quarter valued at $100,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Bain Capital Specialty Finance in the 4th quarter valued at $151,000. Finally, Lazard Asset Management LLC increased its stake in Bain Capital Specialty Finance by 14.5% in the 4th quarter. Lazard Asset Management LLC now owns 9,361 shares of the company's stock valued at $164,000 after buying an additional 1,189 shares during the period.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BCSF. Keefe, Bruyette & Woods reduced their price objective on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their price objective on shares of Bain Capital Specialty Finance from $19.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, April 28th.

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.