Bain Capital Specialty Finance (NYSE:BCSF) Sets New 52-Week High – Here’s Why

Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) reached a new 52-week high on Thursday . The company traded as high as $18.64 and last traded at $18.54, with a volume of 156474 shares trading hands. The stock had previously closed at $18.54.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company upped 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 research report on Wednesday, January 29th.

Bain Capital Specialty Finance Stock Up 0.0 %

The firm’s 50 day moving average price is $17.70 and its 200-day moving average price is $17.07. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. The company has a market cap of $1.20 billion, a P/E ratio of 9.35 and a beta of 1.10.

Hedge Funds Weigh In On Bain Capital Specialty Finance

A number of hedge funds and other institutional investors have recently bought and sold shares of BCSF. Bank of America Corp DE lifted its stake in shares of Bain Capital Specialty Finance by 3.0% in the 4th quarter. Bank of America Corp DE now owns 4,539,555 shares of the company’s stock valued at $79,533,000 after purchasing an additional 133,753 shares during the period. Cresset Asset Management LLC acquired a new position in Bain Capital Specialty Finance in the fourth quarter valued at about $25,006,000. Van ECK Associates Corp boosted its holdings in Bain Capital Specialty Finance by 13.8% during the fourth quarter. Van ECK Associates Corp now owns 1,088,471 shares of the company’s stock worth $19,070,000 after buying an additional 131,860 shares during the last quarter. Melia Wealth LLC grew its position in shares of Bain Capital Specialty Finance by 2.8% during the 4th quarter. Melia Wealth LLC now owns 919,379 shares of the company’s stock worth $16,108,000 after buying an additional 25,185 shares during the period. Finally, Starr Indemnity & Liability Co bought a new stake in shares of Bain Capital Specialty Finance in the 4th quarter valued at about $10,477,000.

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.