Bain Capital Specialty Finance (NYSE:BCSF) Reaches New 52-Week Low – Should You Sell?
by Kim Johansen · The Markets DailyBain Capital Specialty Finance, Inc. (NYSE:BCSF – Get Free Report)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $12.49 and last traded at $12.9290, with a volume of 542137 shares trading hands. The stock had previously closed at $13.17.
Wall Street Analyst Weigh In
BCSF has been the topic of several research analyst reports. Wells Fargo & Company set a $14.00 price objective on shares of Bain Capital Specialty Finance and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods raised Bain Capital Specialty Finance from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a research report on Friday, December 19th. Finally, Zacks Research lowered Bain Capital Specialty Finance from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bain Capital Specialty Finance has an average rating of “Hold” and an average price target of $15.00.
View Our Latest Research Report on Bain Capital Specialty Finance
Bain Capital Specialty Finance Trading Down 1.8%
The business’s 50-day simple moving average is $13.92 and its 200-day simple moving average is $14.39. The company has a market cap of $838.70 million, a PE ratio of 8.98 and a beta of 0.61. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.33.
Bain Capital Specialty Finance (NYSE:BCSF – Get Free Report) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $69.53 million. As a group, analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.
Bain Capital Specialty Finance Dividend Announcement
The company also recently declared a special dividend, which was paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, December 31st. Bain Capital Specialty Finance’s payout ratio is currently 116.67%.
Hedge Funds Weigh In On Bain Capital Specialty Finance
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in Bain Capital Specialty Finance by 3.5% in the first quarter. Royal Bank of Canada now owns 140,801 shares of the company’s stock worth $2,337,000 after acquiring an additional 4,722 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Bain Capital Specialty Finance by 8.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 84,060 shares of the company’s stock valued at $1,264,000 after purchasing an additional 6,851 shares in the last quarter. Hager Investment Management Services LLC lifted its stake in shares of Bain Capital Specialty Finance by 6.8% in the 2nd quarter. Hager Investment Management Services LLC now owns 164,142 shares of the company’s stock valued at $2,469,000 after purchasing an additional 10,471 shares during the last quarter. Melia Wealth LLC lifted its stake in shares of Bain Capital Specialty Finance by 6.3% in the 2nd quarter. Melia Wealth LLC now owns 990,732 shares of the company’s stock valued at $14,901,000 after purchasing an additional 58,815 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Bain Capital Specialty Finance by 28.0% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 446,968 shares of the company’s stock worth $6,722,000 after purchasing an additional 97,714 shares in the last quarter.
About Bain Capital Specialty Finance
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.