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

Bain Capital Specialty Finance, Inc. (NYSE:BCSFGet Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $11.82 and last traded at $11.8840, with a volume of 75668 shares changing hands. The stock had previously closed at $11.90.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on Bain Capital Specialty Finance

Bain Capital Specialty Finance Trading Up 0.3%

The firm’s 50-day moving average is $12.49 and its 200-day moving average is $12.76. The company has a current ratio of 7.20, a quick ratio of 7.20 and a debt-to-equity ratio of 1.39. The firm has a market cap of $769.36 million, a price-to-earnings ratio of 11.98 and a beta of 0.58.

Bain Capital Specialty Finance (NYSE:BCSFGet Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. Bain Capital Specialty Finance had a net margin of 24.22% and a return on equity of 10.40%. The firm had revenue of $47.80 million for the quarter, compared to the consensus estimate of $64.44 million. As a group, sell-side analysts anticipate 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. Investors of record on Tuesday, September 15th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 14.2%. The ex-dividend date is Tuesday, September 15th. Bain Capital Specialty Finance’s dividend payout ratio is currently 169.70%.

Institutional Trading of Bain Capital Specialty Finance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BCSF. Motiv8 Investments LLC bought a new position in shares of Bain Capital Specialty Finance in the fourth quarter valued at approximately $38,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Bain Capital Specialty Finance in the 4th quarter valued at $42,000. BNP Paribas Financial Markets boosted its holdings in Bain Capital Specialty Finance by 352.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,069 shares of the company’s stock worth $58,000 after acquiring an additional 3,169 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Bain Capital Specialty Finance in the 2nd quarter worth $121,000. Finally, Prairiewood Capital LLC bought a new stake in shares of Bain Capital Specialty Finance in the 1st quarter worth $126,000.

About Bain Capital Specialty Finance

(Get Free Report)

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.

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