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

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 443,600 shares, an increase of 52.3% from the September 30th total of 291,200 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 338,000 shares, the short-interest ratio is presently 1.3 days. Based on an average trading volume of 338,000 shares, the short-interest ratio is presently 1.3 days. Approximately 0.7% of the shares of the company are short sold.

Institutional Investors Weigh In On Bain Capital Specialty Finance

Large investors have recently added to or reduced their stakes in the stock. GPS Wealth Strategies Group LLC increased its position in Bain Capital Specialty Finance by 38.8% in the second quarter. GPS Wealth Strategies Group LLC now owns 2,682 shares of the company’s stock worth $40,000 after buying an additional 750 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of Bain Capital Specialty Finance by 52.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,604 shares of the company’s stock valued at $54,000 after purchasing an additional 1,241 shares during the period. Stone House Investment Management LLC acquired a new position in shares of Bain Capital Specialty Finance during the third quarter valued at $55,000. Security National Bank acquired a new position in shares of Bain Capital Specialty Finance during the third quarter valued at $66,000. Finally, Quarry LP acquired a new position in shares of Bain Capital Specialty Finance during the first quarter valued at $100,000.

Bain Capital Specialty Finance Stock Performance

NYSE BCSF traded up $0.04 during trading hours on Monday, hitting $14.11. The company had a trading volume of 256,157 shares, compared to its average volume of 310,006. Bain Capital Specialty Finance has a fifty-two week low of $13.20 and a fifty-two week high of $19.21. The company has a quick ratio of 3.63, a current ratio of 3.63 and a debt-to-equity ratio of 1.37. The business has a fifty day simple moving average of $14.61 and a 200-day simple moving average of $15.03. The firm has a market cap of $915.56 million, a P/E ratio of 8.50 and a beta of 0.81.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its earnings results on Tuesday, August 5th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.04. Bain Capital Specialty Finance had a return on equity of 11.41% and a net margin of 37.90%.The firm had revenue of $70.97 million for the quarter, compared to analyst estimates of $67.88 million. Equities analysts predict that Bain Capital Specialty Finance will post 2.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Bain Capital Specialty Finance from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.50.

About Bain Capital Specialty Finance

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.