Bain Capital Specialty Finance (NYSE:BCSF) Hits New 52-Week High – Time to Buy?

Bain Capital Specialty Finance, Inc. (NYSE:BCSF)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $18.80 and last traded at $18.72, with a volume of 173 shares. The stock had previously closed at $18.68.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised their target price on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th.

Bain Capital Specialty Finance Trading Up 1.3 %

The company has a market cap of $1.22 billion, a price-to-earnings ratio of 9.50 and a beta of 1.10. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13. The company’s 50-day moving average is $17.76 and its 200 day moving average is $17.13.

Institutional Trading of Bain Capital Specialty Finance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Bain Capital Specialty Finance by 47.0% during the third quarter. JPMorgan Chase & Co. now owns 224,528 shares of the company’s stock valued at $3,727,000 after buying an additional 71,806 shares during the period. Franklin Resources Inc. grew its position in shares of Bain Capital Specialty Finance by 14.6% in the third quarter. Franklin Resources Inc. now owns 287,890 shares of the company’s stock valued at $4,779,000 after purchasing an additional 36,585 shares during the period. First National Trust Co grew its position in shares of 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 valued at $1,522,000 after purchasing an additional 60,024 shares during the period. Jane Street Group LLC grew its position in shares of Bain Capital Specialty Finance by 136.2% in the third quarter. Jane Street Group LLC now owns 24,092 shares of the company’s stock valued at $400,000 after purchasing an additional 13,892 shares during the period. Finally, Columbus Macro LLC acquired a new stake in shares of Bain Capital Specialty Finance in the fourth quarter valued at about $5,544,000.

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.