Bain Capital Specialty Finance Inc (NYSE:BCSF) Short Interest Up 86.9% in June
Bain Capital Specialty Finance Inc (NYSE:BCSF) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 161,500 shares, a growth of 86.9% from the May 30th total of 86,400 shares. Based on an average trading volume of 161,700 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the shares of the stock are short sold.
Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in Bain Capital Specialty Finance in the 1st quarter worth $198,000. Stifel Financial Corp bought a new position in Bain Capital Specialty Finance in the 4th quarter worth $224,000. Bank of New York Mellon Corp bought a new position in Bain Capital Specialty Finance in the 4th quarter worth $234,000. Northern Trust Corp bought a new position in Bain Capital Specialty Finance in the 4th quarter worth $370,000. Finally, Boston Private Wealth LLC bought a new position in Bain Capital Specialty Finance in the 2nd quarter worth $393,000. Institutional investors and hedge funds own 9.41% of the company’s stock.
A number of brokerages recently weighed in on BCSF. Zacks Investment Research cut shares of First Bancorp from a “buy” rating to a “hold” rating in a report on Thursday. JMP Securities began coverage on shares of Bain Capital Specialty Finance in a report on Wednesday, April 24th. They set a “market perform” rating for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Bain Capital Specialty Finance currently has an average rating of “Buy” and a consensus price target of $20.25.
Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The business had revenue of $39.89 million for the quarter, compared to the consensus estimate of $41.83 million. Bain Capital Specialty Finance had a net margin of 44.85% and a return on equity of 7.23%. As a group, sell-side analysts predict that Bain Capital Specialty Finance will post 1.68 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.15%. Bain Capital Specialty Finance’s dividend payout ratio is currently 113.10%.
Bain Capital Specialty Finance Company Profile
Bain Capital Specialty Finance, Inc operates as a business development company (BDC) 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.
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