Bain Capital Specialty Finance (NYSE:BCSF) Hits New 1-Year Low – Here’s What Happened

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $15.12 and last traded at $15.17, with a volume of 96967 shares traded. The stock had previously closed at $16.23.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods boosted their price objective on Bain Capital Specialty Finance from $17.00 to $18.00 and gave the company a “market perform” rating in a research report on Tuesday, March 4th.

Bain Capital Specialty Finance Trading Down 6.6 %

The stock has a market cap of $979.82 million, a P/E ratio of 7.62 and a beta of 0.79. The stock’s 50-day moving average is $17.57 and its two-hundred day moving average is $17.21. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 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 $73.30 million during the quarter, compared to the consensus estimate of $67.50 million. Equities research analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 annualized dividend and a dividend yield of 0.79%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is 90.81%.

Insider Activity

In related news, Director Clare Stack Richer acquired 1,530 shares of Bain Capital Specialty Finance stock in a transaction on Monday, March 17th. The shares were bought at an average cost of $16.43 per share, with a total value of $25,137.90. Following the completion of the purchase, the director now directly owns 20,835 shares of the company’s stock, valued at $342,319.05. The trade was a 7.93 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Bain Capital Specialty Finance

Institutional investors and hedge funds have recently modified their holdings of the stock. Mascoma Wealth Management LLC bought a new stake in Bain Capital Specialty Finance in the fourth quarter worth $29,000. Aquatic Capital Management LLC purchased a new stake in shares of Bain Capital Specialty Finance in the fourth quarter valued at $67,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Bain Capital Specialty Finance in the 4th quarter worth about $151,000. Lazard Asset Management LLC boosted its stake in shares of Bain Capital Specialty Finance by 14.5% during the 4th quarter. Lazard Asset Management LLC now owns 9,361 shares of the company’s stock worth $164,000 after purchasing an additional 1,189 shares during the period. Finally, XTX Topco Ltd bought a new position in Bain Capital Specialty Finance during the 4th quarter valued at about $197,000.

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.