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

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) shares reached a new 52-week low on Tuesday . The company 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Zacks Research lowered Bain Capital Specialty Finance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 14th. Keefe, Bruyette & Woods raised Bain Capital Specialty Finance from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a research note on Friday, December 19th. Finally, Wells Fargo & Company set a $14.00 price objective on shares of Bain Capital Specialty Finance and gave the company an “equal weight” rating in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.00.

Bain Capital Specialty Finance Trading Down 1.8%

The stock has a market capitalization of $838.70 million, a P/E ratio of 8.98 and a beta of 0.61. The business has a 50 day simple moving average of $13.92 and a 200-day simple moving average of $14.39. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.78 and a current ratio of 1.78.

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

Bain Capital Specialty Finance Announces Dividend

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 dividend of $0.15 per share. The ex-dividend date was Wednesday, December 31st. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is 116.67%.

Institutional Trading of Bain Capital Specialty Finance

Several institutional investors and hedge funds have recently added to or reduced their stakes in BCSF. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Bain Capital Specialty Finance by 28.0% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 446,968 shares of the company’s stock valued at $6,722,000 after purchasing an additional 97,714 shares during the period. North Ground Capital acquired a new stake in Bain Capital Specialty Finance during the 3rd quarter worth about $2,494,000. Y Intercept Hong Kong Ltd purchased a new stake in Bain Capital Specialty Finance during the second quarter valued at about $793,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Bain Capital Specialty Finance by 13.0% in the second quarter. Rockefeller Capital Management L.P. now owns 366,542 shares of the company’s stock worth $5,513,000 after buying an additional 42,056 shares during the period. Finally, Muzinich & Co. Inc. boosted its holdings in shares of Bain Capital Specialty Finance by 53.0% in the second quarter. Muzinich & Co. Inc. now owns 553,802 shares of the company’s stock worth $8,329,000 after buying an additional 191,776 shares during the period.

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.