Bain Capital Specialty Finance (NYSE:BCSF) Sets New 1-Year High – Here’s What Happened

Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $17.27 and last traded at $17.22, with a volume of 61202 shares traded. The stock had previously closed at $16.92.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $17.00 price objective on shares of Bain Capital Specialty Finance in a research report on Wednesday, August 21st.

Bain Capital Specialty Finance Trading Up 1.8 %

The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41. The business’s 50-day moving average price is $16.77 and its two-hundred day moving average price is $16.64. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 8.50 and a beta of 1.12.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings data 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 business had revenue of $72.54 million for the quarter. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. During the same period last year, the business earned $0.55 earnings per share. Research analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

Institutional Trading of Bain Capital Specialty Finance

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP grew its stake in shares of Bain Capital Specialty Finance by 74.2% in the second quarter. Quarry LP now owns 2,976 shares of the company’s stock worth $49,000 after purchasing an additional 1,268 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Bain Capital Specialty Finance during the third quarter valued at about $136,000. BOKF NA acquired a new position in shares of Bain Capital Specialty Finance during the second quarter valued at about $159,000. Farther Finance Advisors LLC acquired a new stake in shares of Bain Capital Specialty Finance in the 3rd quarter worth about $182,000. Finally, Centiva Capital LP acquired a new stake in shares of Bain Capital Specialty Finance in the 3rd quarter worth about $199,000.

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.