Bain Capital Specialty Finance (NYSE:BCSF) Sets New 52-Week High – Time to Buy?

Bain Capital Specialty Finance, Inc. (NYSE:BCSF)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $18.64 and last traded at $18.54, with a volume of 156474 shares changing hands. The stock had previously closed at $18.54.

Analysts Set New Price Targets

Separately, Wells Fargo & Company boosted their price objective on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th.

Bain Capital Specialty Finance Price Performance

The stock’s 50 day moving average price is $17.70 and its two-hundred day moving average price is $17.07. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 9.35 and a beta of 1.10.

Institutional Investors Weigh In On Bain Capital Specialty Finance

A number of hedge funds have recently bought and sold shares of BCSF. CFO4Life Group LLC raised its stake in Bain Capital Specialty Finance by 2.5% during the 4th quarter. CFO4Life Group LLC now owns 31,499 shares of the company’s stock valued at $552,000 after purchasing an additional 769 shares during the last quarter. Confluence Investment Management LLC lifted its stake in Bain Capital Specialty Finance by 0.9% during the third quarter. Confluence Investment Management LLC now owns 119,547 shares of the company’s stock worth $1,984,000 after purchasing an additional 1,028 shares during the period. Cooper Financial Group boosted its holdings in Bain Capital Specialty Finance by 7.5% during the fourth quarter. Cooper Financial Group now owns 15,064 shares of the company’s stock valued at $264,000 after purchasing an additional 1,053 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Bain Capital Specialty Finance by 14.5% in the 4th quarter. Lazard Asset Management LLC now owns 9,361 shares of the company’s stock valued at $164,000 after purchasing an additional 1,189 shares during the period. Finally, Prairiewood Capital LLC raised its holdings in shares of Bain Capital Specialty Finance by 8.6% in the 4th quarter. Prairiewood Capital LLC now owns 15,211 shares of the company’s stock worth $266,000 after buying an additional 1,201 shares in the last quarter.

About Bain Capital Specialty Finance

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.