Decrease in Short Interest for Bain Capital Specialty Finance, Inc. in January

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) experienced a notable reduction in short interest during January. As of January 15th, the total short interest was 382,400 shares. This represents a significant decline of 18.6% from the previous total of 469,500 shares recorded on December 31st. Given the average trading volume of 191,600 shares, the current short-interest ratio stands at 2.0 days. In terms of overall shares, approximately 0.6% of the company's shares have been short sold.

Bain Capital Specialty Finance Stock Movement

On Friday, shares of NYSE:BCSF saw a slight increase of 0.1%, climbing by $0.01 to a price of $18.18. During this trading session, 315,753 shares changed hands, exceeding the average volume of 177,843 shares. The company's market capitalization is approximately $1.17 billion, with a price-to-earnings (P/E) ratio of 9.14 and a beta of 1.10. Over the past year, Bain Capital Specialty Finance has recorded a low of $14.77 and a high of $18.35 for its shares. The firm’s 50-day simple moving average is $17.35 and its 200-day moving average is $16.90. Regarding financial health, Bain Capital Specialty Finance maintains a debt-to-equity ratio of 1.13, while both the quick ratio and current ratio are at 1.41.

The last earnings report was released on November 5th, where the company announced earnings per share (EPS) of $0.53 for the quarter, surpassing analysts' expectations of $0.50 by a margin of $0.03. The net margin for the company was reported at 43.62% with a return on equity of 11.90%. Revenue for the quarter was noted at $72.54 million. Comparatively, the company had reported $0.55 in earnings per share during the same quarter the previous year. Analysts project Bain Capital Specialty Finance to achieve an EPS of 2.06 for the current fiscal year.

Analyst Insights

In a recent report, Wells Fargo & Company raised their target price for Bain Capital Specialty Finance from $17.00 to $18.00, maintaining an “overweight” rating on the stock.

Institutional Investors Activity

Recent activities among large investors have led to changes in their stakes with Bain Capital Specialty Finance. Strategic Financial Concepts LLC acquired a new stake worth $1,135,000 in the fourth quarter. Similarly, Allworth Financial LP also purchased new shares in the same period, valued at approximately $5,459,000. Van ECK Associates Corp increased its stake by 13.8% during the fourth quarter, now holding 1,088,471 shares valued at about $19,070,000 after adding 131,860 shares. Additionally, Mirae Asset Global Investments Co. Ltd. and Hager Investment Management Services LLC both acquired new stakes in the company, worth $151,000 and $2,530,000, respectively.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc. is a business development company that focuses on providing direct loans to middle-market companies. The firm seeks to invest in senior debt with a first or second lien on collateral, along with a range of other debt instruments that also include mezzanine debt and junior securities.

Bain, Finance, Investors