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

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

Bain Capital Specialty Finance Price Performance

Shares of BCSF traded down $0.10 during mid-day trading on Wednesday, reaching $15.52. The company had a trading volume of 165,136 shares, compared to its average volume of 239,029. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market capitalization of $1.01 billion, a P/E ratio of 7.80 and a beta of 0.82. Bain Capital Specialty Finance has a twelve month low of $13.20 and a twelve month high of $19.21. The company's 50-day moving average is $15.27 and its 200-day moving average is $16.70.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BCSF. Wells Fargo & Company lowered their price objective on Bain Capital Specialty Finance from $19.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. 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 report on Tuesday, April 8th.

Insider Activity

In other news, Director Clare Stack Richer purchased 1,530 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average cost of $16.43 per share, for a total transaction of $25,137.90. Following the completion of the purchase, the director now directly owns 20,835 shares of the company's stock, valued at approximately $342,319.05. The trade was a 7.93% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bain Capital Specialty Finance

Hedge funds have recently made changes to their positions in the company. Mutual Advisors LLC raised its stake in shares of Bain Capital Specialty Finance by 5.1% in the first quarter. Mutual Advisors LLC now owns 15,762 shares of the company's stock valued at $245,000 after acquiring an additional 768 shares during the last quarter. CFO4Life Group LLC increased its holdings in Bain Capital Specialty Finance by 2.5% during the 4th quarter. CFO4Life Group LLC now owns 31,499 shares of the company's stock valued at $552,000 after purchasing an additional 769 shares in the last quarter. Advisor OS LLC boosted its stake in Bain Capital Specialty Finance by 4.9% in the first quarter. Advisor OS LLC now owns 20,457 shares of the company's stock worth $340,000 after purchasing an additional 958 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Bain Capital Specialty Finance by 1.5% during the first quarter. Janney Montgomery Scott LLC now owns 77,209 shares of the company's stock worth $1,282,000 after purchasing an additional 1,107 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of Bain Capital Specialty Finance by 6.6% during the first quarter. Comerica Bank now owns 18,160 shares of the company's stock worth $301,000 after purchasing an additional 1,131 shares during the last quarter.

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.