Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Short Interest Update

Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 218,700 shares, a decrease of 19.2% from the March 15th total of 270,700 shares. Currently, 0.3% of the company's stock are short sold. Based on an average daily volume of 327,700 shares, the short-interest ratio is presently 0.7 days.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wells Fargo & Company raised their price objective on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods lowered their price target 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.

Bain Capital Specialty Finance Stock Up 0.6 %

BCSF traded up $0.09 during trading on Friday, hitting $15.53. 149,739 shares of the company's stock were exchanged, compared to its average volume of 245,958. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13. The business's 50 day moving average is $16.40 and its two-hundred day moving average is $16.95. The stock has a market cap of $1.00 billion, a P/E ratio of 7.80 and a beta of 0.79. Bain Capital Specialty Finance has a fifty-two week low of $13.20 and a fifty-two week high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.03. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. The firm had revenue of $73.30 million during the quarter, compared to the consensus estimate of $67.50 million. As a group, equities analysts expect that Bain Capital Specialty Finance will post 2.06 earnings per share for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Tuesday, December 16th. Bain Capital Specialty Finance's payout ratio is 90.81%.

Insider Buying and Selling

In other news, Director Clare Stack Richer bought 1,530 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of $16.43 per share, for a total transaction of $25,137.90. Following the purchase, the director now owns 20,835 shares of the company's stock, valued at approximately $342,319.05. This trade represents a 7.93 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.59% of the company's stock.

Institutional Trading of Bain Capital Specialty Finance

A number of hedge funds have recently bought and sold shares of BCSF. Sumitomo Mitsui Trust Group Inc. lifted its stake in Bain Capital Specialty Finance by 11.6% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 349,254 shares of the company's stock worth $5,798,000 after acquiring an additional 36,422 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Bain Capital Specialty Finance by 11.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 54,548 shares of the company's stock valued at $906,000 after purchasing an additional 5,618 shares during the last quarter. Canton Hathaway LLC purchased a new stake in shares of Bain Capital Specialty Finance in the first quarter worth $435,000. Janney Montgomery Scott LLC raised its position in shares of Bain Capital Specialty Finance by 1.5% in the 1st 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, Columbus Macro LLC lifted its stake in shares of Bain Capital Specialty Finance by 7.6% in the first quarter. Columbus Macro LLC now owns 340,580 shares of the company's stock worth $5,654,000 after buying an additional 24,160 shares in 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.