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 during mid-day trading on Tuesday. The stock traded as low as $10.05 and last traded at $10.0650, with a volume of 533,219 shares traded. The stock had previously closed at $10.26.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BCSF shares. Zacks Research raised Bain Capital Specialty Finance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 13th. Jefferies Financial Group set a $13.00 target price on Bain Capital Specialty Finance in a research report on Monday, August 17th. Noble Financial assumed coverage on Bain Capital Specialty Finance in a research note on Friday, September 18th. They set a “neutral” rating on the stock. Capital One Financial set a $12.50 price target on Bain Capital Specialty Finance in a research note on Friday, September 18th. Finally, Loop Capital set a $12.50 price target on Bain Capital Specialty Finance in a report on Friday, September 18th. Four research analysts have rated the stock with a Hold rating. According to MarketBeat, Bain Capital Specialty Finance presently has a consensus rating of “Hold” and a consensus target price of $12.60.

Bain Capital Specialty Finance Stock Performance

The company has a current ratio of 7.20, a quick ratio of 7.20 and a debt-to-equity ratio of 1.39. The company has a market cap of $652.92 million, a price-to-earnings ratio of 10.17 and a beta of 0.60. The stock has a 50 day moving average price of $11.44 and a two-hundred day moving average price of $12.39.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $47.80 million during the quarter, compared to analysts’ expectations of $64.44 million. Analysts predict that Bain Capital Specialty Finance, Inc. will post 1.64 EPS for the current year.

Bain Capital Specialty Finance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th were paid a $0.42 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.68 annualized dividend and a yield of 16.7%. Bain Capital Specialty Finance’s dividend payout ratio is presently 169.70%.

Hedge Funds Weigh In On Bain Capital Specialty Finance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new position in shares of Bain Capital Specialty Finance during the 3rd quarter worth about $28,000. Pension & Wealth Management Advisors Inc. increased its stake in shares of Bain Capital Specialty Finance by 2,678.5% in the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 3,362 shares of the company’s stock valued at $37,000 after acquiring an additional 3,241 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Bain Capital Specialty Finance in the 1st quarter valued at approximately $126,000. Corient Private Wealth LP acquired a new stake in shares of Bain Capital Specialty Finance in the 2nd quarter valued at approximately $126,000. Finally, First Heartland Consultants Inc. bought a new position in Bain Capital Specialty Finance during the 2nd quarter worth approximately $127,000.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc (NYSE: BCSF) is a business development company that invests primarily in privately originated senior secured debt of middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation through investments in businesses across a range of industries.

BCSF’s portfolio generally includes first-lien and second-lien loans, unitranche debt and other credit investments. It may also make equity investments, including warrants and preferred or common equity, in connection with its lending activities.