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

Bain Capital Specialty Finance, Inc. (NYSE:BCSF)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $13.17 and last traded at $13.1750, with a volume of 303844 shares traded. The stock had previously closed at $13.42.

Analyst Upgrades and Downgrades

BCSF has been the subject of a number of research reports. Wells Fargo & Company set a $14.00 price target on shares of Bain Capital Specialty Finance and gave the company an “equal weight” rating in a research report on Wednesday, January 7th. Zacks Research cut Bain Capital Specialty Finance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 14th. Finally, Keefe, Bruyette & Woods raised Bain Capital Specialty Finance from a “market perform” rating to an “outperform” rating and set a $16.00 target price on the stock in a report on Friday, December 19th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.00.

Bain Capital Specialty Finance Stock Down 0.3%

The stock has a market cap of $852.72 million, a price-to-earnings ratio of 9.13 and a beta of 0.60. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.33. The firm’s 50 day moving average is $13.95 and its two-hundred day moving average is $14.43.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. Bain Capital Specialty Finance had a net margin of 33.45% and a return on equity of 11.03%. The business had revenue of $67.20 million during the quarter, compared to the consensus estimate of $69.53 million. On average, sell-side analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. Bain Capital Specialty Finance’s dividend payout ratio is presently 116.67%.

Institutional Trading of Bain Capital Specialty Finance

Several large investors have recently modified their holdings of BCSF. Comerica Bank lifted its position in shares of Bain Capital Specialty Finance by 20.6% during the fourth quarter. Comerica Bank now owns 37,104 shares of the company’s stock worth $516,000 after purchasing an additional 6,340 shares during the last quarter. UBS Group AG boosted 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 valued at $22,356,000 after purchasing an additional 114,883 shares during the period. Foster Victor Wealth Advisors LLC grew its holdings in Bain Capital Specialty Finance by 33.1% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 29,278 shares of the company’s stock worth $403,000 after buying an additional 7,278 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Bain Capital Specialty Finance by 33.1% during the fourth quarter. Farther Finance Advisors LLC now owns 30,250 shares of the company’s stock valued at $421,000 after purchasing an additional 7,520 shares during the period. Finally, U.S. Capital Wealth Advisors LLC increased its stake in Bain Capital Specialty Finance by 19.4% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 16,715 shares of the company’s stock valued at $233,000 after buying an additional 2,715 shares during the period.

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.