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

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) reached a new 52-week low on Thursday. The company traded as low as $10.95 and last traded at $11.0580, with a volume of 80729 shares. The stock had previously closed at $11.04.

Wall Street Analysts Forecast Growth

Several analysts have commented on BCSF shares. Loop Capital set a $12.50 price objective on Bain Capital Specialty Finance in a report on Friday, September 18th. Jefferies Financial Group set a $13.00 target price on Bain Capital Specialty Finance in a research report on Monday, August 17th. Keefe, Bruyette & Woods cut shares of Bain Capital Specialty Finance from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $15.00 to $13.00 in a research note on Monday, August 17th. Zacks Research lowered shares of Bain Capital Specialty Finance from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 18th. Finally, Capital One Financial set a $12.50 price objective on shares of Bain Capital Specialty Finance in a report on Friday, September 18th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Bain Capital Specialty Finance has an average rating of “Reduce” and a consensus price target of $12.60.

Bain Capital Specialty Finance Stock Up 0.0%

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 business has a fifty day simple moving average of $11.97 and a two-hundred day simple moving average of $12.54. The company has a market cap of $716.49 million, a PE ratio of 11.17 and a beta of 0.58.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings results 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, equities research analysts predict that Bain Capital Specialty Finance, Inc. will post 1.64 earnings per share for the current year.

Bain Capital Specialty Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were given a dividend of $0.42 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.68 dividend on an annualized basis and a yield of 15.2%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 169.70%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BCSF. Motiv8 Investments LLC acquired a new stake in Bain Capital Specialty Finance during the fourth quarter worth about $38,000. Prairiewood Capital LLC acquired a new stake in shares of Bain Capital Specialty Finance during the 1st quarter worth approximately $126,000. Sanctuary Advisors LLC purchased a new stake in shares of Bain Capital Specialty Finance during the 1st quarter valued at approximately $126,000. Corient Private Wealth LP acquired a new position in Bain Capital Specialty Finance in the second quarter valued at approximately $126,000. Finally, First Heartland Consultants Inc. purchased a new position in Bain Capital Specialty Finance in the second quarter worth approximately $127,000.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance, Inc (NYSE: BCSF) is a business development company (BDC) that provides financing to privately owned, middle-market businesses. The company seeks to generate current income and, to a lesser extent, capital appreciation by investing in debt and equity securities.

BCSF primarily invests in first-lien senior secured loans, including unitranche and other directly originated loans. It may also invest in second-lien loans, subordinated debt and equity interests.