Bain Capital Specialty Finance (NYSE:BCSF) Reaches New 1-Year Low - Here's Why

Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $13.20 and last traded at $15.00, with a volume of 602435 shares traded. The stock had previously closed at $13.77.

Analysts Set New Price Targets

Several research firms have weighed in on BCSF. Wells Fargo & Company increased their target price on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods reduced their target price on Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th.

Bain Capital Specialty Finance Stock Performance

The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a 50-day moving average of $16.98 and a 200-day moving average of $17.06. The firm has a market cap of $956.17 million, a price-to-earnings ratio of 7.43 and a beta of 0.79.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.03. The business had revenue of $73.30 million for the quarter, compared to the consensus estimate of $67.50 million. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. As a group, analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance's payout ratio is presently 90.81%.

Insider Transactions at Bain Capital Specialty Finance

In related news, Director Clare Stack Richer purchased 1,530 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average price of $16.43 per share, for a total transaction of $25,137.90. Following the completion of the transaction, the director now owns 20,835 shares of the company's stock, valued at approximately $342,319.05. This trade represents a 7.93 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.59% of the company's stock.

Institutional Investors Weigh In On Bain Capital Specialty Finance

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mascoma Wealth Management LLC acquired a new stake in shares of Bain Capital Specialty Finance in the fourth quarter valued at about $29,000. Aquatic Capital Management LLC bought a new stake in Bain Capital Specialty Finance in the 4th quarter valued at about $67,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Bain Capital Specialty Finance during the fourth quarter worth approximately $151,000. Lazard Asset Management LLC raised its position in Bain Capital Specialty Finance by 14.5% in the 4th quarter. Lazard Asset Management LLC now owns 9,361 shares of the company's stock valued at $164,000 after buying an additional 1,189 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Bain Capital Specialty Finance in the fourth quarter valued at about $197,000.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance, Inc is business development company specializing in direct loans to middle-market companies. The fund seeks to invest in senior investments with a first or second lien on collateral, senior first lien, stretch senior, senior second lien, unitranche, mezzanine debt, junior securities, other junior investments, and secondary purchases of assets or portfolios that primarily consist of middle-market corporate debt.