Bain Capital Specialty Finance (NYSE:BCSF) Hits New 12-Month Low - Here's Why

Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Get Free Report) shares reached a new 52-week low during trading on Friday . The company traded as low as $15.12 and last traded at $15.17, with a volume of 96967 shares trading hands. The stock had previously closed at $16.23.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BCSF shares. Keefe, Bruyette & Woods reduced their price target on Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating on the stock in a research note on Tuesday. Wells Fargo & Company upped 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 research report on Monday, March 3rd.

Bain Capital Specialty Finance Price Performance

The firm's fifty day simple moving average is $17.33 and its 200-day simple moving average is $17.15. The firm has a market capitalization of $953.91 million, a PE ratio of 7.44 and a beta of 0.79. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13.

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

Bain Capital Specialty Finance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 dividend on an annualized basis and a yield of 0.81%. Bain Capital Specialty Finance's dividend payout ratio is currently 90.81%.

Insider Activity

In other news, Director Clare Stack Richer acquired 1,530 shares of the business's stock in a transaction dated Monday, March 17th. The stock was purchased 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 directly owns 20,835 shares in the company, valued at approximately $342,319.05. This trade represents a 7.93 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.59% of the company's stock.

Hedge Funds Weigh In On Bain Capital Specialty Finance

Institutional investors have recently added to or reduced their stakes in the company. Cresset Asset Management LLC bought a new stake in Bain Capital Specialty Finance in the fourth quarter worth $25,006,000. Starr Indemnity & Liability Co bought a new stake in shares of Bain Capital Specialty Finance in the 4th quarter worth about $10,477,000. Lake Street Advisors Group LLC purchased a new stake in shares of Bain Capital Specialty Finance during the 4th quarter valued at about $6,886,000. Cetera Investment Advisers bought a new position in shares of Bain Capital Specialty Finance in the 4th quarter valued at about $5,560,000. Finally, Columbus Macro LLC purchased a new position in Bain Capital Specialty Finance in the fourth quarter worth about $5,544,000.

About Bain Capital Specialty Finance

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.