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

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

Bain Capital Specialty Finance Trading Down 1.2 %

Shares of BCSF stock opened at $12.01 on Friday. Bain Capital Specialty Finance has a 1-year low of $11.51 and a 1-year high of $16.25. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.24. The stock’s fifty day simple moving average is $13.00 and its 200-day simple moving average is $13.03.

Bain Capital Specialty Finance Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Stockholders 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. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 12.66%. Bain Capital Specialty Finance’s payout ratio is currently 88.34%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

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

About Bain Capital Specialty Finance

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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.