Bain Capital Specialty Finance (NYSE:BCSF) Share Price Crosses Below Fifty Day Moving Average After Earnings Miss

Bain Capital Specialty Finance, Inc. (NYSE:BCSF)’s stock price passed below its fifty day moving average during trading on Monday following a weaker than expected earnings announcement. The stock has a fifty day moving average of $10.98 and traded as low as $10.95. Bain Capital Specialty Finance shares last traded at $10.9780, with a volume of 783,794 shares.

The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.17). Bain Capital Specialty Finance had a return on equity of 10.40% and a net margin of 24.22%. The firm had revenue of $39.71 million during the quarter, compared to the consensus estimate of $61.03 million.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut shares of Bain Capital Specialty Finance from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $15.00 to $13.00 in a research note on Monday, August 17th. Noble Financial initiated coverage on shares of Bain Capital Specialty Finance in a research report on Friday, September 18th. They set a “neutral” rating on the stock. Zacks Research raised shares of 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 shares of Bain Capital Specialty Finance in a research note on Monday, August 17th. Finally, Loop Capital set a $12.50 price target on shares of Bain Capital Specialty Finance in a research report on Friday, September 18th. Four investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.60.

Institutional Trading of Bain Capital Specialty Finance

A number of large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new position in shares of Bain Capital Specialty Finance in the 3rd quarter valued at $28,000. Pension & Wealth Management Advisors Inc. raised its stake in Bain Capital Specialty Finance by 2,678.5% during the third quarter. Pension & Wealth Management Advisors Inc. now owns 3,362 shares of the company’s stock worth $37,000 after buying an additional 3,241 shares during the last quarter. Corient Private Wealth LP acquired a new position in shares of Bain Capital Specialty Finance in the 2nd quarter valued at about $126,000. First Heartland Consultants Inc. acquired a new position in Bain Capital Specialty Finance in the second quarter valued at approximately $127,000. Finally, Sanctuary Advisors LLC bought a new stake in Bain Capital Specialty Finance in the first quarter valued at $126,000.

Bain Capital Specialty Finance Trading Down 1.5%

The firm has a market cap of $712.14 million, a price-to-earnings ratio of 11.09 and a beta of 0.59. 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 firm’s 50-day moving average is $10.98 and its 200-day moving average is $12.38.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc (NYSE: BCSF) is a business development company that provides financing to middle-market companies. The company primarily invests in privately negotiated debt investments, with an emphasis on senior secured loans, including first-lien and unitranche facilities. It may also invest in second-lien debt and, to a lesser extent, equity securities.

BCSF seeks to support companies that are generally sponsored by private equity firms and operates across a range of industries.