Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Short Interest Up 52.3% in October

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Muzinich & Co. Inc. raised its position in shares of Bain Capital Specialty Finance by 53.0% in the second quarter. Muzinich & Co. Inc. now owns 553,802 shares of the company’s stock valued at $8,329,000 after buying an additional 191,776 shares in the last quarter. North Ground Capital bought a new position in Bain Capital Specialty Finance during the 3rd quarter worth $2,494,000. Cubist Systematic Strategies LLC acquired a new position in Bain Capital Specialty Finance in the 1st quarter valued at $2,024,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Bain Capital Specialty Finance by 22.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 545,190 shares of the company’s stock valued at $7,769,000 after acquiring an additional 98,222 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Bain Capital Specialty Finance by 23.8% during the 2nd quarter. Franklin Resources Inc. now owns 448,139 shares of the company’s stock valued at $6,740,000 after acquiring an additional 86,278 shares during the period.

Analysts Set New Price Targets

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

Bain Capital Specialty Finance Stock Up 0.3%

BCSF stock opened at $14.11 on Tuesday. 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 debt-to-equity ratio of 1.37, a current ratio of 3.63 and a quick ratio of 3.63. The stock has a market capitalization of $915.58 million, a price-to-earnings ratio of 8.50 and a beta of 0.78. The business’s fifty day moving average price is $14.58 and its two-hundred day moving average price is $15.03.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its earnings results on Tuesday, August 5th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. Bain Capital Specialty Finance had a net margin of 37.90% and a return on equity of 11.41%. The company had revenue of $70.97 million during the quarter, compared to analysts’ expectations of $67.88 million. On average, equities analysts anticipate that Bain Capital Specialty Finance will post 2.06 earnings per share for the current year.

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.