Bain Capital Specialty Finance (NYSE:BCSF) Hits New 52-Week High – Time to Buy?

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) shares hit a new 52-week high on Wednesday . The stock traded as high as $18.80 and last traded at $18.72, with a volume of 173 shares trading hands. The stock had previously closed at $18.68.

Analysts Set New Price Targets

Separately, Wells Fargo & Company raised their target price on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th.

Bain Capital Specialty Finance Trading Up 1.3 %

The stock’s fifty day simple moving average is $17.76 and its 200-day simple moving average is $17.13. The firm has a market cap of $1.22 billion, a PE ratio of 9.50 and a beta of 1.10. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its holdings in shares of Bain Capital Specialty Finance by 3.0% in the fourth quarter. Bank of America Corp DE now owns 4,539,555 shares of the company’s stock worth $79,533,000 after buying an additional 133,753 shares during the last quarter. Cresset Asset Management LLC purchased a new position in shares of Bain Capital Specialty Finance in the fourth quarter worth $25,006,000. Van ECK Associates Corp raised its holdings in shares of Bain Capital Specialty Finance by 13.8% in the fourth quarter. Van ECK Associates Corp now owns 1,088,471 shares of the company’s stock worth $19,070,000 after buying an additional 131,860 shares during the last quarter. Melia Wealth LLC raised its holdings in shares of Bain Capital Specialty Finance by 2.8% in the fourth quarter. Melia Wealth LLC now owns 919,379 shares of the company’s stock worth $16,108,000 after buying an additional 25,185 shares during the last quarter. Finally, Starr Indemnity & Liability Co purchased a new position in shares of Bain Capital Specialty Finance during the fourth quarter worth $10,477,000.

About Bain Capital Specialty Finance

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.