Bain Capital Specialty Finance (NYSE:BCSF) Hits New 12-Month Low – Time to Sell?

Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $11.82 and last traded at $11.87, with a volume of 96058 shares traded. The stock had previously closed at $12.33.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BCSF shares. Keefe, Bruyette & Woods dropped their price objective on Bain Capital Specialty Finance from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Wells Fargo & Company lowered their price target on shares of Bain Capital Specialty Finance from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $14.00.

Bain Capital Specialty Finance Stock Down 2.4%

The firm has a 50 day moving average of $13.30 and a two-hundred day moving average of $13.95. The stock has a market capitalization of $780.39 million, a PE ratio of 7.86 and a beta of 0.60. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.32.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its earnings results on Thursday, February 26th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $68.20 million for the quarter, compared to analyst estimates of $68.48 million. Bain Capital Specialty Finance had a return on equity of 10.74% and a net margin of 36.14%. Equities research analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

Bain Capital Specialty Finance Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be given a dividend of $0.42 per share. The ex-dividend date is Monday, March 16th. This represents a $1.68 annualized dividend and a dividend yield of 14.0%. This is an increase from Bain Capital Specialty Finance’s previous quarterly dividend of $0.03. Bain Capital Specialty Finance’s payout ratio is presently 109.80%.

Institutional Investors Weigh In On Bain Capital Specialty Finance

Large investors have recently bought and sold shares of the stock. Motiv8 Investments LLC acquired a new position in shares of Bain Capital Specialty Finance in the fourth quarter worth $38,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Bain Capital Specialty Finance in the 4th quarter valued at about $42,000. Steward Partners Investment Advisory LLC lifted its holdings in Bain Capital Specialty Finance by 52.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,604 shares of the company’s stock valued at $54,000 after purchasing an additional 1,241 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in shares of Bain Capital Specialty Finance during the 3rd quarter worth about $55,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Bain Capital Specialty Finance by 352.1% during the third quarter. BNP Paribas Financial Markets now owns 4,069 shares of the company’s stock worth $58,000 after buying an additional 3,169 shares in the last quarter.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.