Bain Capital Specialty Finance Inc (NYSE:BCSF) Short Interest Down 54.6% in May

Bain Capital Specialty Finance Inc (NYSE:BCSF) was the target of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 153,900 shares, a drop of 54.6% from the April 30th total of 339,200 shares. Based on an average daily trading volume, of 138,900 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.3% of the company’s shares are short sold.

Several brokerages recently commented on BCSF. Zacks Investment Research downgraded Bain Capital Specialty Finance from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. JMP Securities began coverage on Bain Capital Specialty Finance in a research note on Wednesday, April 24th. They set a “market perform” rating on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $20.25.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BCSF. Virtu Financial LLC bought a new stake in shares of Bain Capital Specialty Finance during the first quarter worth approximately $198,000. Stifel Financial Corp bought a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth approximately $224,000. Bank of New York Mellon Corp bought a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth approximately $234,000. Mission Wealth Management LP bought a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth approximately $355,000. Finally, Northern Trust Corp bought a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth approximately $370,000. 9.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BCSF traded down $0.06 during midday trading on Monday, hitting $18.40. The stock had a trading volume of 867 shares, compared to its average volume of 129,567. The firm has a 50 day moving average of $19.19. Bain Capital Specialty Finance has a twelve month low of $15.14 and a twelve month high of $20.90. The firm has a market capitalization of $946.23 million and a price-to-earnings ratio of 12.64.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Bain Capital Specialty Finance had a net margin of 44.85% and a return on equity of 7.23%. The firm had revenue of $39.89 million during the quarter, compared to analyst estimates of $41.83 million. Sell-side analysts predict that Bain Capital Specialty Finance will post 1.73 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 8.91%. The ex-dividend date of this dividend is Thursday, June 27th. Bain Capital Specialty Finance’s dividend payout ratio is 113.10%.

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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.

Further Reading: What is Liquidity?

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