Bain Capital Specialty Finance Inc (NYSE:BCSF) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 281,700 shares, a growth of 31.8% from the July 31st total of 213,700 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 153,600 shares, the short-interest ratio is currently 1.8 days.

Shares of Bain Capital Specialty Finance stock traded down $0.07 on Friday, hitting $18.79. The stock had a trading volume of 1,944 shares, compared to its average volume of 145,507. Bain Capital Specialty Finance has a 52-week low of $15.14 and a 52-week high of $20.90. The stock has a market cap of $979.80 million and a price-to-earnings ratio of 13.01. The company’s 50 day moving average price is $18.28 and its 200 day moving average price is $18.98.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Bain Capital Specialty Finance had a net margin of 44.83% and a return on equity of 8.27%. The firm had revenue of $50.60 million during the quarter, compared to analysts’ expectations of $44.28 million. As a group, research analysts predict that Bain Capital Specialty Finance will post 1.65 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Monday, September 30th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 8.73%. The ex-dividend date is Friday, September 27th. Bain Capital Specialty Finance’s payout ratio is currently 113.10%.

In other Bain Capital Specialty Finance news, Director Clare Stack Richer purchased 5,417 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was bought at an average cost of $18.46 per share, with a total value of $99,997.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Michael John Boyle purchased 4,150 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were acquired at an average cost of $18.34 per share, with a total value of $76,111.00. Following the completion of the acquisition, the vice president now directly owns 18,620 shares in the company, valued at $341,490.80. The disclosure for this purchase can be found here. Insiders have acquired a total of 37,050 shares of company stock valued at $676,574 over the last ninety days. 0.21% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Bank of Montreal Can purchased a new stake in Bain Capital Specialty Finance during the 1st quarter valued at approximately $1,544,000. Stephens Inc. AR purchased a new stake in Bain Capital Specialty Finance during the 1st quarter valued at approximately $444,000. Boston Private Wealth LLC purchased a new stake in Bain Capital Specialty Finance during the 2nd quarter valued at approximately $393,000. Chicago Capital LLC purchased a new stake in Bain Capital Specialty Finance during the 2nd quarter valued at approximately $647,000. Finally, Texas Yale Capital Corp. raised its stake in Bain Capital Specialty Finance by 93.2% during the 2nd quarter. Texas Yale Capital Corp. now owns 62,492 shares of the company’s stock valued at $1,164,000 after acquiring an additional 30,146 shares during the last quarter. 35.06% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded Bain Capital Specialty Finance from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $20.25.

About Bain Capital Specialty Finance

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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