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 significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 218,700 shares, a decline of 19.2% from the March 15th total of 270,700 shares. Based on an average daily trading volume, of 327,700 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the company's stock are sold short.

Analysts Set New Price Targets

Several brokerages have commented on BCSF. Wells Fargo & Company boosted their price target on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods dropped their price target on Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th.

Bain Capital Specialty Finance Stock Up 1.9 %

NYSE:BCSF traded up $0.29 on Thursday, hitting $15.33. 26,739 shares of the company's stock traded hands, compared to its average volume of 321,151. 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 1 year low of $13.20 and a 1 year high of $19.21. The firm has a 50-day moving average price of $16.52 and a 200-day moving average price of $16.97. The company has a market cap of $990.55 million, a PE ratio of 7.70 and a beta of 0.79.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $73.30 million for the quarter, compared to analysts' expectations of $67.50 million. Equities analysts anticipate that Bain Capital Specialty Finance will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.12 annualized dividend and a dividend yield of 0.78%. Bain Capital Specialty Finance's payout ratio is 90.81%.

Insider Activity at Bain Capital Specialty Finance

In other news, Director Clare Stack Richer acquired 1,530 shares of the business's 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 completion of the acquisition, the director now directly owns 20,835 shares in the company, valued at $342,319.05. This represents a 7.93 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bain Capital Specialty Finance

Several large investors have recently made changes to their positions in BCSF. Mascoma Wealth Management LLC bought a new stake in shares of Bain Capital Specialty Finance in the 4th quarter valued at approximately $29,000. Aquatic Capital Management LLC acquired a new stake in Bain Capital Specialty Finance in the 4th quarter worth approximately $67,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Bain Capital Specialty Finance in the 4th quarter worth approximately $151,000. Lazard Asset Management LLC lifted its holdings 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 worth $164,000 after purchasing an additional 1,189 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Bain Capital Specialty Finance in the 4th quarter worth approximately $197,000.

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.