Bain Capital Specialty Finance (NYSE:BCSF) Hits New 1-Year High Following Analyst Upgrade

Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) reached a new 52-week high during trading on Monday after Wells Fargo & Company raised their price target on the stock from $17.00 to $18.00. Wells Fargo & Company currently has an overweight rating on the stock. Bain Capital Specialty Finance traded as high as $16.97 and last traded at $16.95, with a volume of 54723 shares traded. The stock had previously closed at $16.79.

Separately, Keefe, Bruyette & Woods raised their price target on shares of Bain Capital Specialty Finance from $16.50 to $17.00 and gave the stock a “market perform” rating in a report on Thursday, May 23rd.

Hedge Funds Weigh In On Bain Capital Specialty Finance

Institutional investors have recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Bain Capital Specialty Finance by 41.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 165,005 shares of the company’s stock valued at $2,587,000 after purchasing an additional 48,404 shares during the period. Van ECK Associates Corp raised its position in shares of Bain Capital Specialty Finance by 13.4% in the first quarter. Van ECK Associates Corp now owns 886,423 shares of the company’s stock valued at $13,899,000 after purchasing an additional 104,422 shares during the period. Confluence Investment Management LLC bought a new position in Bain Capital Specialty Finance during the first quarter worth $1,840,000. Kingswood Wealth Advisors LLC bought a new position in Bain Capital Specialty Finance during the fourth quarter worth $203,000. Finally, LSV Asset Management bought a new position in Bain Capital Specialty Finance during the first quarter worth $847,000.

Bain Capital Specialty Finance Price Performance

The stock’s 50-day moving average is $16.51 and its 200-day moving average is $16.00. The firm has a market cap of $1.09 billion, a P/E ratio of 8.40 and a beta of 1.12. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.19.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its earnings results on Monday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. Bain Capital Specialty Finance had a net margin of 43.42% and a return on equity of 12.64%. The business had revenue of $74.50 million for the quarter. As a group, equities analysts anticipate that Bain Capital Specialty Finance, Inc. will post 1.99 EPS for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

The business also recently announced a — dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.03 per share. This represents a yield of 10.1%. The ex-dividend date of this dividend is Tuesday, December 31st. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is currently 84.00%.

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.