Bain Capital Specialty Finance (NYSE:BCSF) Reaches New 52-Week High – Here’s What Happened

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

Analysts Set New Price Targets

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

Bain Capital Specialty Finance Trading Up 0.9 %

The firm has a market cap of $1.11 billion, a P/E ratio of 8.65 and a beta of 1.12. The business has a 50 day moving average of $16.86 and a two-hundred day moving average of $16.68. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its earnings results on Tuesday, November 5th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. The company had revenue of $72.54 million for the quarter. During the same quarter last year, the business posted $0.55 EPS. Analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

Institutional Investors Weigh In On Bain Capital Specialty Finance

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its stake in shares of Bain Capital Specialty Finance by 14.6% during 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 in the last quarter. Jane Street Group LLC boosted its position in Bain Capital Specialty Finance by 136.2% during the 3rd quarter. Jane Street Group LLC now owns 24,092 shares of the company’s stock worth $400,000 after buying an additional 13,892 shares during the period. Centiva Capital LP bought a new stake in Bain Capital Specialty Finance during the 3rd quarter worth approximately $199,000. Rockefeller Capital Management L.P. increased its position in Bain Capital Specialty Finance by 5.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 270,826 shares of the company’s stock valued at $4,496,000 after acquiring an additional 14,223 shares during the period. Finally, Townsquare Capital LLC lifted its holdings in shares of Bain Capital Specialty Finance by 6.3% during the third quarter. Townsquare Capital LLC now owns 50,267 shares of the company’s stock worth $834,000 after purchasing an additional 2,957 shares during the period.

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.