Bain Capital Specialty Finance (NYSE:BCSF) Reaches New 52-Week High – Should You Buy?

Bain Capital Specialty Finance, Inc. (NYSE:BCSF)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $17.27 and last traded at $17.22, with a volume of 61202 shares traded. The stock had previously closed at $16.92.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $17.00 target price on shares of Bain Capital Specialty Finance in a report on Wednesday, August 21st.

Bain Capital Specialty Finance Stock Performance

The firm has a 50 day moving average of $16.80 and a two-hundred day moving average of $16.65. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market cap of $1.11 billion, a PE ratio of 8.64 and a beta of 1.12.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.03. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The business had revenue of $72.54 million during the quarter. During the same quarter in the prior year, the firm posted $0.55 EPS. Research analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Bain Capital Specialty Finance

Several large investors have recently bought and sold shares of BCSF. International Assets Investment Management LLC increased its position in shares of Bain Capital Specialty Finance by 1,551.4% during the third quarter. International Assets Investment Management LLC now owns 526,706 shares of the company’s stock worth $87,430,000 after purchasing an additional 494,812 shares in the last quarter. Van ECK Associates Corp increased its position in Bain Capital Specialty Finance by 18.4% during the second quarter. Van ECK Associates Corp now owns 1,049,379 shares of the company’s stock worth $17,116,000 after buying an additional 162,956 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Bain Capital Specialty Finance by 33.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 317,318 shares of the company’s stock valued at $5,175,000 after buying an additional 80,192 shares during the last quarter. First National Trust Co boosted its holdings in shares of Bain Capital Specialty Finance by 189.6% in the third quarter. First National Trust Co now owns 91,690 shares of the company’s stock valued at $1,522,000 after acquiring an additional 60,024 shares during the period. Finally, Deerfield Management Company L.P. Series C grew its position in shares of Bain Capital Specialty Finance by 213.8% during the second quarter. Deerfield Management Company L.P. Series C now owns 79,569 shares of the company’s stock worth $1,298,000 after acquiring an additional 54,213 shares during the last quarter.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance, Inc is business development company specializing in direct loans to middle-market companies. The fund seeks to invest in senior investments with a first or second lien on collateral, senior first lien, stretch senior, senior second lien, unitranche, mezzanine debt, junior securities, other junior investments, and secondary purchases of assets or portfolios that primarily consist of middle-market corporate debt.