Bain Capital Specialty Finance (NYSE:BCSF) Share Price Crosses Below Fifty Day Moving Average After Earnings Miss

Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) crossed below its fifty day moving average during trading on Monday following a dissappointing earnings announcement. The stock has a fifty day moving average of $10.98 and traded as low as $10.95. Bain Capital Specialty Finance shares last traded at $10.9780, with a volume of 783,794 shares changing hands.

The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.17). Bain Capital Specialty Finance had a net margin of 24.22% and a return on equity of 10.40%. The company had revenue of $39.71 million for the quarter, compared to the consensus estimate of $61.03 million.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Capital One Financial set a $12.50 price objective on shares of Bain Capital Specialty Finance in a report on Friday, September 18th. Loop Capital set a $12.50 target price on Bain Capital Specialty Finance in a research report on Friday, September 18th. Zacks Research raised Bain Capital Specialty Finance from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 13th. Wells Fargo & Company lowered their price target on Bain Capital Specialty Finance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 12th. Finally, Jefferies Financial Group set a $13.00 target price on Bain Capital Specialty Finance in a research report on Monday, August 17th. Four research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.60.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Columbus Macro LLC lifted its stake in shares of Bain Capital Specialty Finance by 42.2% in the third quarter. Columbus Macro LLC now owns 641,723 shares of the company’s stock valued at $7,085,000 after purchasing an additional 190,414 shares during the period. Curated Wealth Partners LLC acquired a new stake in shares of Bain Capital Specialty Finance in the 3rd quarter worth approximately $1,104,000. International Assets Investment Management LLC grew its holdings in shares of Bain Capital Specialty Finance by 257.6% in the 3rd quarter. International Assets Investment Management LLC now owns 100,000 shares of the company’s stock worth $1,104,000 after acquiring an additional 72,036 shares during the period. Spartan Wealth Advisory Services LLC purchased a new position in Bain Capital Specialty Finance in the 1st quarter valued at approximately $598,000. Finally, Diversify Wealth Management LLC purchased a new position in Bain Capital Specialty Finance in the 1st quarter valued at approximately $507,000.

Bain Capital Specialty Finance Stock Performance

The firm has a fifty day moving average of $10.98 and a 200-day moving average of $12.38. The stock has a market capitalization of $712.14 million, a price-to-earnings ratio of 11.09 and a beta of 0.59. The company has a quick ratio of 7.20, a current ratio of 7.20 and a debt-to-equity ratio of 1.39.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc (NYSE: BCSF) is a business development company that provides financing to middle-market companies. The company primarily invests in privately negotiated debt investments, with an emphasis on senior secured loans, including first-lien and unitranche facilities. It may also invest in second-lien debt and, to a lesser extent, equity securities.

BCSF seeks to support companies that are generally sponsored by private equity firms and operates across a range of industries.