Bain Capital Specialty Finance (NYSE:BCSF) Sets New 1-Year Low – Here’s Why

Bain Capital Specialty Finance, Inc. (NYSE:BCSF)’s stock price reached a new 52-week low on Monday . The company traded as low as $10.95 and last traded at $11.1760, with a volume of 774734 shares traded. The stock had previously closed at $11.09.

Analyst Upgrades and Downgrades

BCSF has been the topic of a number of recent research reports. Noble Financial started coverage on shares of Bain Capital Specialty Finance in a research report on Friday. They set a “neutral” rating on the stock. Keefe, Bruyette & Woods cut shares of Bain Capital Specialty Finance from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $15.00 to $13.00 in a research note on Monday, August 17th. Jefferies Financial Group set a $13.00 target price on shares of Bain Capital Specialty Finance in a report on Monday, August 17th. Zacks Research cut shares of Bain Capital Specialty Finance from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 18th. Finally, Wells Fargo & Company lowered their price target on shares of Bain Capital Specialty Finance from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 12th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $12.60.

Bain Capital Specialty Finance Trading Up 0.8%

The firm has a 50-day moving average of $12.23 and a 200-day moving average of $12.62. The company has a debt-to-equity ratio of 1.39, a quick ratio of 7.20 and a current ratio of 7.20. The firm has a market capitalization of $725.25 million, a P/E ratio of 11.28 and a beta of 0.58.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. Bain Capital Specialty Finance had a return on equity of 10.40% and a net margin of 24.22%.The firm had revenue of $47.80 million during the quarter, compared to the consensus estimate of $64.44 million. On average, equities research analysts anticipate that Bain Capital Specialty Finance, Inc. will post 1.64 EPS for the current fiscal year.

Bain Capital Specialty Finance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.68 annualized dividend and a yield of 15.0%. Bain Capital Specialty Finance’s dividend payout ratio is presently 169.70%.

Hedge Funds Weigh In On Bain Capital Specialty Finance

Hedge funds have recently modified their holdings of the company. Corient Private Wealth LP bought a new position in shares of Bain Capital Specialty Finance during the second quarter valued at about $126,000. Hennion & Walsh Asset Management Inc. increased its holdings in Bain Capital Specialty Finance by 4.0% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 370,141 shares of the company’s stock valued at $4,634,000 after purchasing an additional 14,238 shares during the period. First Heartland Consultants Inc. bought a new position in Bain Capital Specialty Finance during the 2nd quarter valued at approximately $127,000. Confluence Investment Management LLC raised its position in Bain Capital Specialty Finance by 1.1% during the 2nd quarter. Confluence Investment Management LLC now owns 87,630 shares of the company’s stock valued at $1,097,000 after purchasing an additional 946 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in Bain Capital Specialty Finance in the 1st quarter worth approximately $266,000.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc (NYSE: BCSF) is a business development company (BDC) that provides financing to privately owned, middle-market businesses. The company seeks to generate current income and, to a lesser extent, capital appreciation by investing in debt and equity securities.

BCSF primarily invests in first-lien senior secured loans, including unitranche and other directly originated loans. It may also invest in second-lien loans, subordinated debt and equity interests.