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

Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Get Free Report) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 382,400 shares, a decrease of 18.6% from the December 31st total of 469,500 shares. Based on an average trading volume of 191,600 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.6% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised their price target on Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th.

Bain Capital Specialty Finance Stock Down 0.5 %

Bain Capital Specialty Finance stock traded down $0.09 during midday trading on Wednesday, hitting $18.07. The stock had a trading volume of 314,719 shares, compared to its average volume of 210,157. 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 has a 12 month low of $14.77 and a 12 month high of $18.35. The business has a fifty day moving average price of $17.43 and a 200 day moving average price of $16.93. The stock has a market cap of $1.17 billion, a P/E ratio of 9.08 and a beta of 1.10.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.50 by $0.03. The company had revenue of $72.54 million during the quarter. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. During the same quarter in the previous year, the business earned $0.55 earnings per share. Research analysts predict that Bain Capital Specialty Finance will post 2.06 EPS for the current year.

Hedge Funds Weigh In On Bain Capital Specialty Finance

A number of institutional investors have recently modified their holdings of the company. Quarry LP grew its holdings in shares of Bain Capital Specialty Finance by 74.2% during the 2nd quarter. Quarry LP now owns 2,976 shares of the company's stock worth $49,000 after purchasing an additional 1,268 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in 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 period. International Assets Investment Management LLC grew its holdings in shares of Bain Capital Specialty Finance by 1,551.4% in the 3rd quarter. International Assets Investment Management LLC now owns 526,706 shares of the company's stock valued at $87,430,000 after buying an additional 494,812 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in shares of Bain Capital Specialty Finance by 10.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 465,868 shares of the company's stock worth $7,733,000 after acquiring an additional 43,794 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Bain Capital Specialty Finance by 10.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 22,537 shares of the company's stock valued at $374,000 after acquiring an additional 2,144 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.