Bain Capital Specialty Finance (NYSE:BCSF) Reaches New 12-Month Low – Here’s What Happened

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $12.31 and last traded at $12.37, with a volume of 110189 shares changing hands. The stock had previously closed at $12.66.

Analysts Set New Price Targets

A number of analysts recently commented on BCSF shares. Wells Fargo & Company lowered their target price on shares of Bain Capital Specialty Finance from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 3rd. Keefe, Bruyette & Woods cut their price target on shares of Bain Capital Specialty Finance from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.00.

Bain Capital Specialty Finance Trading Down 2.0%

The company has a 50 day simple moving average of $13.45 and a two-hundred day simple moving average of $14.06. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market cap of $805.04 million, a PE ratio of 8.11 and a beta of 0.60.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. Bain Capital Specialty Finance had a return on equity of 10.74% and a net margin of 36.14%.The firm had revenue of $68.20 million during the quarter, compared to analysts’ expectations of $68.48 million. Analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.68 dividend on an annualized basis and a yield of 13.5%. This is a boost from Bain Capital Specialty Finance’s previous quarterly dividend of $0.03. Bain Capital Specialty Finance’s payout ratio is 109.80%.

Institutional Trading of Bain Capital Specialty Finance

Several large investors have recently made changes to their positions in the business. North Ground Capital increased its stake in shares of Bain Capital Specialty Finance by 258.0% in the fourth quarter. North Ground Capital now owns 626,514 shares of the company’s stock worth $8,715,000 after acquiring an additional 451,514 shares during the period. Closed End Fund Advisors Inc. acquired a new position in Bain Capital Specialty Finance during the fourth quarter valued at $5,881,000. Millennium Management LLC boosted its holdings in Bain Capital Specialty Finance by 263.5% in the third quarter. Millennium Management LLC now owns 511,115 shares of the company’s stock valued at $7,283,000 after purchasing an additional 370,507 shares during the last quarter. Two Sigma Investments LP grew its position in Bain Capital Specialty Finance by 310.0% during the 3rd quarter. Two Sigma Investments LP now owns 489,550 shares of the company’s stock worth $6,976,000 after purchasing an additional 370,156 shares during the period. Finally, Cresset Asset Management LLC grew its position in Bain Capital Specialty Finance by 20.9% during the 3rd quarter. Cresset Asset Management LLC now owns 1,452,327 shares of the company’s stock worth $20,696,000 after purchasing an additional 250,844 shares during the period.

Bain Capital Specialty Finance Company Profile

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.