Bain Capital Specialty Finance (NYSE:BCSF) Reaches New 52-Week High Following Dividend Announcement

Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Get Free Report) reached a new 52-week high on Tuesday after the company announced a dividend. The stock traded as high as $19.21 and last traded at $18.57, with a volume of 586641 shares traded. The stock had previously closed at $19.07.

The newly announced dividend which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance's payout ratio is presently 90.81%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BCSF. Wells Fargo & Company increased their price target on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Monday. Keefe, Bruyette & Woods increased their price target on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the company a "market perform" rating in a research report on Tuesday.

Bain Capital Specialty Finance Trading Up 0.9 %

The company has a 50 day simple moving average of $17.90 and a two-hundred day simple moving average of $17.23. 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 firm has a market cap of $1.13 billion, a PE ratio of 8.79 and a beta of 1.10.

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

Remove Ads

Hedge Funds Weigh In On Bain Capital Specialty Finance

A number of institutional investors have recently modified their holdings of the stock. CFO4Life Group LLC raised its position in Bain Capital Specialty Finance by 2.5% during the fourth quarter. CFO4Life Group LLC now owns 31,499 shares of the company's stock valued at $552,000 after acquiring an additional 769 shares in the last quarter. Confluence Investment Management LLC grew its stake in shares of Bain Capital Specialty Finance by 0.9% during the 3rd quarter. Confluence Investment Management LLC now owns 119,547 shares of the company's stock worth $1,984,000 after purchasing an additional 1,028 shares during the period. Cooper Financial Group increased its holdings in shares of Bain Capital Specialty Finance by 7.5% during the 4th quarter. Cooper Financial Group now owns 15,064 shares of the company's stock valued at $264,000 after purchasing an additional 1,053 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Bain Capital Specialty Finance by 14.5% in the fourth 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 in the last quarter. Finally, Prairiewood Capital LLC raised its position in shares of Bain Capital Specialty Finance by 8.6% in the fourth quarter. Prairiewood Capital LLC now owns 15,211 shares of the company's stock worth $266,000 after acquiring an additional 1,201 shares during the period.

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.