Bain Capital Specialty Finance (NYSE:BCSF) Sets New 1-Year Low – Here’s Why

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $11.50 and last traded at $11.54, with a volume of 75948 shares changing hands. The stock had previously closed at $11.63.

Analyst Upgrades and Downgrades

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

Bain Capital Specialty Finance Price Performance

The stock has a market capitalization of $739.84 million, a PE ratio of 11.52 and a beta of 0.58. The firm’s 50-day moving average price is $12.40 and its 200-day moving average price is $12.70. The company has a current ratio of 7.20, a quick ratio of 7.20 and a debt-to-equity ratio of 1.39.

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

Bain Capital Specialty Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 14.7%. The ex-dividend date is Tuesday, September 15th. Bain Capital Specialty Finance’s payout ratio is 169.70%.

Institutional Trading of Bain Capital Specialty Finance

Large investors have recently made changes to their positions in the stock. North Ground Capital lifted its position in shares of Bain Capital Specialty Finance by 258.0% in the 4th quarter. North Ground Capital now owns 626,514 shares of the company’s stock worth $8,715,000 after purchasing an additional 451,514 shares during the period. Closed End Fund Advisors Inc. acquired a new stake in shares of Bain Capital Specialty Finance in the 4th quarter worth $5,881,000. Millennium Management LLC grew its stake 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 acquiring an additional 370,507 shares during the last quarter. Two Sigma Investments LP grew its position in Bain Capital Specialty Finance by 310.0% during the 3rd quarter. Two Sigma Investments LP now owns 489,550 shares of the company’s stock worth $6,976,000 after purchasing an additional 370,156 shares during the last quarter. Finally, Alpine Global Management LLC grew its holdings in shares of Bain Capital Specialty Finance by 232.2% during the fourth 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 during 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.