Bain Capital Specialty Finance (NYSE:BCSF) Hits New 52-Week Low – Should You Sell?

Bain Capital Specialty Finance, Inc. (NYSE:BCSF)’s share price reached a new 52-week low during trading on Tuesday. The stock traded as low as $10.05 and last traded at $10.0650, with a volume of 533,219 shares changing hands. The stock had previously closed at $10.26.

Analysts Set New Price Targets

Several research firms recently weighed in on BCSF. Capital One Financial set a $12.50 target price on Bain Capital Specialty Finance in a research report on Friday, September 18th. Jefferies Financial Group set a $13.00 price target on Bain Capital Specialty Finance in a report on Monday, August 17th. Keefe, Bruyette & Woods downgraded shares of Bain Capital Specialty Finance from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $15.00 to $13.00 in a research note on Monday, August 17th. Zacks Research raised shares of Bain Capital Specialty Finance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 13th. Finally, Loop Capital set a $12.50 price objective on shares of Bain Capital Specialty Finance in a report on Friday, September 18th. Four research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.60.

Bain Capital Specialty Finance Price Performance

The stock has a market cap of $652.27 million, a PE ratio of 10.16 and a beta of 0.60. The company has a quick ratio of 7.20, a current ratio of 7.20 and a debt-to-equity ratio of 1.39. The company’s fifty day moving average is $11.33 and its 200 day moving average is $12.36.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings data on Monday, August 10th. The company reported $0.44 earnings per share (EPS) 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 company had revenue of $47.80 million during the quarter, compared to the consensus estimate of $64.44 million. As a group, sell-side analysts anticipate that Bain Capital Specialty Finance, Inc. will post 1.64 earnings per share for the current fiscal year.

Bain Capital Specialty Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were issued a dividend of $0.42 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.68 annualized dividend and a dividend yield of 16.7%. Bain Capital Specialty Finance’s payout ratio is presently 169.70%.

Institutional Trading of Bain Capital Specialty Finance

A number of institutional investors have recently added to or reduced their stakes in BCSF. Columbus Macro LLC increased its holdings in Bain Capital Specialty Finance by 42.2% in the 3rd quarter. Columbus Macro LLC now owns 641,723 shares of the company’s stock valued at $7,085,000 after purchasing an additional 190,414 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Bain Capital Specialty Finance by 4.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 370,141 shares of the company’s stock worth $4,634,000 after purchasing an additional 14,238 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Bain Capital Specialty Finance by 3.0% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 161,044 shares of the company’s stock worth $1,997,000 after purchasing an additional 4,707 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ boosted its position in shares of Bain Capital Specialty Finance by 15.9% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 119,266 shares of the company’s stock worth $1,479,000 after buying an additional 16,390 shares during the period. Finally, Curated Wealth Partners LLC purchased a new stake in shares of Bain Capital Specialty Finance in the third quarter worth about $1,104,000.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance, Inc (NYSE: BCSF) is a business development company that provides financing to middle-market companies. The company primarily invests in privately negotiated debt investments, with an emphasis on senior secured loans, including first-lien and unitranche facilities. It may also invest in second-lien debt and, to a lesser extent, equity securities.

BCSF seeks to support companies that are generally sponsored by private equity firms and operates across a range of industries.