Bain Capital Specialty Finance (NYSE:BCSF) Sets New 52-Week Low – What’s Next?

Bain Capital Specialty Finance, Inc. (NYSE:BCSF)’s share price reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $10.82 and last traded at $10.8450, with a volume of 477543 shares. The stock had previously closed at $10.90.

Analysts Set New Price Targets

Several brokerages have weighed in on BCSF. Capital One Financial set a $12.50 price target on shares of Bain Capital Specialty Finance in a report on Friday, September 18th. Loop Capital set a $12.50 price objective on shares of Bain Capital Specialty Finance in a research report on Friday, September 18th. Keefe, Bruyette & Woods cut shares of Bain Capital Specialty Finance from an “outperform” rating to a “market perform” rating and lowered their target price 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 report on Friday, September 18th. They issued a “neutral” rating for the company. Finally, Zacks Research lowered Bain Capital Specialty Finance from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 18th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bain Capital Specialty Finance currently has a consensus rating of “Reduce” and an average target price of $12.60.

Bain Capital Specialty Finance Stock Up 1.0%

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 company has a 50 day simple moving average of $11.77 and a two-hundred day simple moving average of $12.48. The firm has a market capitalization of $698.90 million, a P/E ratio of 10.88 and a beta of 0.60.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings data on Monday, August 10th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. Bain Capital Specialty Finance had a net margin of 24.22% and a return on equity of 10.40%. The firm had revenue of $47.80 million for the quarter, compared to analysts’ expectations of $64.44 million. On average, equities analysts predict that Bain Capital Specialty Finance, Inc. will post 1.64 EPS for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th were paid a $0.42 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.68 annualized dividend and a yield of 15.6%. Bain Capital Specialty Finance’s payout ratio is presently 169.70%.

Institutional Investors Weigh In On Bain Capital Specialty Finance

Several large investors have recently made changes to their positions in BCSF. Hennion & Walsh Asset Management Inc. lifted its position in shares of Bain Capital Specialty Finance by 4.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 370,141 shares of the company’s stock worth $4,634,000 after buying an additional 14,238 shares in the last quarter. Alpine Global Management LLC grew its holdings in Bain Capital Specialty Finance by 232.2% during the 4th quarter. Alpine Global Management LLC now owns 307,641 shares of the company’s stock valued at $4,279,000 after buying an additional 215,031 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in Bain Capital Specialty Finance by 3.0% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 161,044 shares of the company’s stock worth $1,997,000 after acquiring an additional 4,707 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ raised its holdings in shares of Bain Capital Specialty Finance by 15.9% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 119,266 shares of the company’s stock worth $1,479,000 after acquiring an additional 16,390 shares in the last quarter. Finally, Confluence Investment Management LLC raised its holdings in shares of Bain Capital Specialty Finance by 1.1% during the 2nd quarter. Confluence Investment Management LLC now owns 87,630 shares of the company’s stock worth $1,097,000 after acquiring an additional 946 shares in the last quarter.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc (NYSE: BCSF) is a business development company that invests primarily in privately originated senior secured debt of middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation through investments in businesses across a range of industries.

BCSF’s portfolio generally includes first-lien and second-lien loans, unitranche debt and other credit investments. It may also make equity investments, including warrants and preferred or common equity, in connection with its lending activities.