Bain Capital Specialty Finance (NYSE:BCSF) Sets New 12-Month High – Should You Buy?

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

Bain Capital Specialty Finance Price Performance

The firm has a market capitalization of $1.09 billion, a PE ratio of 8.52 and a beta of 1.12. The business’s 50 day moving average is $16.87 and its two-hundred day moving average is $16.68. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41.

Bain Capital Specialty Finance (NYSE:BCSF) last released 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. 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 in the previous year, the firm posted $0.55 earnings per share. Equities research analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bain Capital Specialty Finance

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. increased its stake in Bain Capital Specialty Finance by 14.6% in the 3rd quarter. Franklin Resources Inc. now owns 287,890 shares of the company’s stock worth $4,779,000 after acquiring an additional 36,585 shares during the last quarter. Jane Street Group LLC boosted its stake in Bain Capital Specialty Finance by 136.2% in the third 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 in the last quarter. Centiva Capital LP purchased a new stake in shares of Bain Capital Specialty Finance in the 3rd quarter valued at $199,000. Rockefeller Capital Management L.P. raised 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 worth $4,496,000 after purchasing an additional 14,223 shares during the period. Finally, Townsquare Capital LLC boosted its position in Bain Capital Specialty Finance by 6.3% during the third quarter. Townsquare Capital LLC now owns 50,267 shares of the company’s stock valued at $834,000 after buying 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.