Bain Capital Specialty Finance (NYSE:BCSF) Sets New 1-Year High - Still a Buy?

Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $17.37 and last traded at $17.33, with a volume of 43932 shares trading hands. The stock had previously closed at $17.07.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $17.00 price target on shares of Bain Capital Specialty Finance in a research report on Wednesday, August 21st.

Bain Capital Specialty Finance Stock Down 1.1 %

The stock has a market capitalization of $1.09 billion, a P/E ratio of 8.49 and a beta of 1.12. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. The firm's fifty day moving average is $16.86 and its 200-day moving average is $16.68.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.03. The company had revenue of $72.54 million during the quarter. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. During the same quarter last year, the firm posted $0.55 EPS. As a group, equities research analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its holdings in Bain Capital Specialty Finance by 1,551.4% during the 3rd quarter. International Assets Investment Management LLC now owns 526,706 shares of the company's stock worth $87,430,000 after buying an additional 494,812 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Bain Capital Specialty Finance by 18.4% in the second quarter. Van ECK Associates Corp now owns 1,049,379 shares of the company's stock valued at $17,116,000 after acquiring an additional 162,956 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Bain Capital Specialty Finance by 33.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 317,318 shares of the company's stock worth $5,175,000 after purchasing an additional 80,192 shares during the period. First National Trust Co increased its position in Bain Capital Specialty Finance by 189.6% in the third quarter. First National Trust Co now owns 91,690 shares of the company's stock worth $1,522,000 after purchasing an additional 60,024 shares during the period. Finally, Deerfield Management Company L.P. Series C lifted its position in Bain Capital Specialty Finance by 213.8% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 79,569 shares of the company's stock valued at $1,298,000 after purchasing an additional 54,213 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.