Bain Capital Specialty Finance, Inc. (NYSE:BCSF – Get Free Report)’s stock price reached a new 52-week low on Wednesday. The stock traded as low as $10.51 and last traded at $10.5260, with a volume of 108,086 shares. The stock had previously closed at $10.62.
Analysts Set New Price Targets
A number of research firms recently weighed in on BCSF. Loop Capital set a $12.50 price target on Bain Capital Specialty Finance in a research note on Friday, September 18th. Wells Fargo & Company decreased their price target on Bain Capital Specialty Finance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 12th. Zacks Research lowered shares of Bain Capital Specialty Finance from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 18th. Capital One Financial set a $12.50 target price on shares of Bain Capital Specialty Finance in a report on Friday, September 18th. Finally, Noble Financial started coverage on Bain Capital Specialty Finance in a report on Friday, September 18th. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $12.60.
View Our Latest Report on BCSF
Bain Capital Specialty Finance Trading Down 0.3%
Bain Capital Specialty Finance (NYSE:BCSF – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The company had revenue of $47.80 million for the quarter, compared to the consensus estimate of $64.44 million. Bain Capital Specialty Finance had a return on equity of 10.40% and a net margin of 24.22%. 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 declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 15.9%. The ex-dividend date of this dividend was Tuesday, September 15th. Bain Capital Specialty Finance’s dividend payout ratio is currently 169.70%.
Institutional Trading of Bain Capital Specialty Finance
Hedge funds have recently made changes to their positions in the stock. Motiv8 Investments LLC purchased a new stake in Bain Capital Specialty Finance in the 4th quarter worth $38,000. Corient Private Wealth LP acquired a new stake in Bain Capital Specialty Finance during the 2nd quarter worth $126,000. First Heartland Consultants Inc. acquired a new stake in shares of Bain Capital Specialty Finance in the second quarter valued at about $127,000. Prairiewood Capital LLC purchased a new position in shares of Bain Capital Specialty Finance in the first quarter worth about $126,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Bain Capital Specialty Finance in the first quarter worth about $126,000.
Bain Capital Specialty Finance Company Profile
Bain Capital Specialty Finance, Inc (NYSE: BCSF) is a business development company that invests primarily in privately originated senior secured debt of middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation through investments in businesses across a range of industries.
BCSF’s portfolio generally includes first-lien and second-lien loans, unitranche debt and other credit investments. It may also make equity investments, including warrants and preferred or common equity, in connection with its lending activities.
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