Short Interest in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Decreases By 16.9%

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 332,530 shares, a drop of 16.9% from the December 31st total of 399,940 shares. Based on an average daily volume of 364,502 shares, the short-interest ratio is presently 0.9 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 364,502 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co grew its stake in Bain Capital Specialty Finance by 1.4% during the second quarter. CANADA LIFE ASSURANCE Co now owns 51,245 shares of the company’s stock worth $771,000 after buying an additional 723 shares during the period. GPS Wealth Strategies Group LLC boosted its position in Bain Capital Specialty Finance by 38.8% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,682 shares of the company’s stock worth $40,000 after purchasing an additional 750 shares during the period. CFO4Life Group LLC boosted its position in Bain Capital Specialty Finance by 2.8% during the 2nd quarter. CFO4Life Group LLC now owns 30,908 shares of the company’s stock worth $465,000 after purchasing an additional 836 shares during the period. Diversify Advisory Services LLC increased its holdings in Bain Capital Specialty Finance by 5.4% in the 2nd quarter. Diversify Advisory Services LLC now owns 23,143 shares of the company’s stock valued at $351,000 after purchasing an additional 1,193 shares in the last quarter. Finally, Canton Hathaway LLC raised its position in Bain Capital Specialty Finance by 4.6% in the second quarter. Canton Hathaway LLC now owns 27,375 shares of the company’s stock valued at $412,000 after purchasing an additional 1,200 shares during the period.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BCSF. Zacks Research downgraded shares of Bain Capital Specialty Finance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods raised Bain Capital Specialty Finance from a “market perform” rating to an “outperform” rating and set a $16.00 price target on the stock in a research note on Friday, December 19th. Finally, Wells Fargo & Company set a $14.00 price objective on Bain Capital Specialty Finance and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Bain Capital Specialty Finance has an average rating of “Hold” and an average target price of $15.00.

Bain Capital Specialty Finance Trading Up 4.1%

Shares of NYSE BCSF traded up $0.52 during trading on Wednesday, hitting $13.13. 929,177 shares of the company traded hands, compared to its average volume of 416,208. The firm has a market capitalization of $851.74 million, a P/E ratio of 9.12 and a beta of 0.61. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.33. The company has a 50-day moving average price of $13.89 and a 200-day moving average price of $14.37. Bain Capital Specialty Finance has a 1 year low of $12.49 and a 1 year high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its earnings results on Monday, November 10th. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. Bain Capital Specialty Finance had a return on equity of 11.03% and a net margin of 33.45%.The business had revenue of $67.20 million for the quarter, compared to analyst estimates of $69.53 million. On average, equities analysts predict that Bain Capital Specialty Finance will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Announces Dividend

The company also recently announced a special dividend, which was paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, December 31st. Bain Capital Specialty Finance’s payout ratio is presently 116.67%.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.