Bain Capital Specialty Finance (NYSE:BCSF) Hits New 12-Month Low – Time to Sell?

Bain Capital Specialty Finance, Inc. (NYSE:BCSF)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $11.82 and last traded at $11.8840, with a volume of 75668 shares trading hands. The stock had previously closed at $11.90.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BCSF. Zacks Research lowered shares of Bain Capital Specialty Finance from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 18th. Jefferies Financial Group set a $13.00 price target on shares of Bain Capital Specialty Finance in a research note on Monday, August 17th. Keefe, Bruyette & Woods cut shares of Bain Capital Specialty Finance from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $15.00 to $13.00 in a report on Monday, August 17th. Capital One Financial set a $13.00 target price on Bain Capital Specialty Finance in a research report on Monday, August 17th. Finally, Wells Fargo & Company lowered their price objective on Bain Capital Specialty Finance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Bain Capital Specialty Finance has an average rating of “Reduce” and a consensus price target of $12.75.

Bain Capital Specialty Finance Stock Down 0.2%

The company has a debt-to-equity ratio of 1.39, a quick ratio of 7.20 and a current ratio of 7.20. The business has a 50 day simple moving average of $12.49 and a 200-day simple moving average of $12.79. The firm has a market capitalization of $770.64 million, a price-to-earnings ratio of 12.00 and a beta of 0.58.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $47.80 million during the quarter, compared to analyst estimates of $64.44 million. Bain Capital Specialty Finance had a net margin of 24.22% and a return on equity of 10.40%. On average, equities analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Bain Capital Specialty Finance’s payout ratio is 169.70%.

Institutional Trading of Bain Capital Specialty Finance

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG increased its stake in Bain Capital Specialty Finance by 7.7% during the 4th quarter. UBS Group AG now owns 1,607,210 shares of the company’s stock worth $22,356,000 after buying an additional 114,883 shares during the period. Van ECK Associates Corp increased its position in shares of Bain Capital Specialty Finance by 5.1% during the fourth quarter. Van ECK Associates Corp now owns 1,373,363 shares of the company’s stock worth $19,104,000 after acquiring an additional 67,132 shares during the period. Melia Wealth LLC raised its stake in shares of Bain Capital Specialty Finance by 1.0% in the fourth quarter. Melia Wealth LLC now owns 1,134,211 shares of the company’s stock valued at $15,777,000 after acquiring an additional 10,982 shares in the last quarter. North Ground Capital boosted its holdings in Bain Capital Specialty Finance by 258.0% in the fourth quarter. North Ground Capital now owns 626,514 shares of the company’s stock valued at $8,715,000 after purchasing an additional 451,514 shares during the period. Finally, Millennium Management LLC grew its position in shares of Bain Capital Specialty Finance by 263.5% during the third quarter. Millennium Management LLC now owns 511,115 shares of the company’s stock worth $7,283,000 after buying an additional 370,507 shares in the last quarter.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.