Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Short Interest Update

Bain Capital Specialty Finance, Inc. (NYSE:BCSF – Get Rating) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 184,700 shares, an increase of 6.1% from the February 13th total of 174,100 shares. Based on an average daily volume of 176,800 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On Bain Capital Specialty Finance

Several hedge funds and other institutional investors have recently bought and sold shares of BCSF. Advisor Group Holdings Inc. increased its holdings in Bain Capital Specialty Finance by 15.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 8,432 shares of the company’s stock worth $131,000 after purchasing an additional 1,099 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Bain Capital Specialty Finance by 37.9% during the 1st quarter. JPMorgan Chase & Co. now owns 34,646 shares of the company’s stock worth $540,000 after purchasing an additional 9,528 shares during the last quarter. Raymond James & Associates increased its holdings in Bain Capital Specialty Finance by 12.9% during the 1st quarter. Raymond James & Associates now owns 34,387 shares of the company’s stock worth $536,000 after purchasing an additional 3,920 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Bain Capital Specialty Finance by 5.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 63,228 shares of the company’s stock worth $986,000 after purchasing an additional 3,518 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of Bain Capital Specialty Finance by 160.0% in the 1st quarter. US Bancorp DE now owns 52,000 shares of the company’s stock worth $811,000 after acquiring an additional 32,000 shares in the last quarter.

Bain Capital Specialty Finance Stock Down 1.2 %

Shares of NYSE:BCSF opened at $12.01 on Friday. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.24. Bain Capital Specialty Finance has a one year low of $11.51 and a one year high of $16.25. The business’s 50-day simple moving average is $13.00 and its 200 day simple moving average is $13.03.

Bain Capital Specialty Finance Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, March 31st will be issued a dividend of $0.38 per share. This is an increase from Bain Capital Specialty Finance’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 12.66%. The ex-dividend date of this dividend is Thursday, March 30th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 88.34%.

Analyst Ratings Changes

A number of research firms have recently commented on BCSF. Citigroup cut their price objective on Bain Capital Specialty Finance from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, March 2nd. Wells Fargo & Company raised their target price on Bain Capital Specialty Finance from $12.00 to $12.50 and gave the company an “underweight” rating in a report on Friday, March 3rd.

Bain Capital Specialty Finance Company Profile

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Bain Capital Specialty Finance is a business development company. They structure, monitor, and manage each of their portfolio companies’ investments. They provide services in private equity, credit, public equity, venture capital, and real estate.