Bain Capital Specialty Finance (NYSE:BCSF) Sets New 1-Year High – Here’s What Happened

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) shares hit a new 52-week high during mid-day trading on Wednesday . The company 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.

Bain Capital Specialty Finance Stock Performance

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’s 50-day moving average is $16.87 and its two-hundred day moving average is $16.68. The firm has a market cap of $1.09 billion, a P/E ratio of 8.52 and a beta of 1.12.

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

Institutional Trading of Bain Capital Specialty Finance

A number of hedge funds have recently bought and sold shares of BCSF. International Assets Investment Management LLC grew its stake in Bain Capital Specialty Finance by 1,551.4% in the 3rd quarter. International Assets Investment Management LLC now owns 526,706 shares of the company’s stock valued at $87,430,000 after purchasing an additional 494,812 shares during the period. Van ECK Associates Corp increased its holdings in Bain Capital Specialty Finance by 18.4% during the second quarter. Van ECK Associates Corp now owns 1,049,379 shares of the company’s stock worth $17,116,000 after buying an additional 162,956 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Bain Capital Specialty Finance by 33.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 317,318 shares of the company’s stock valued at $5,175,000 after acquiring an additional 80,192 shares during the last quarter. First National Trust Co increased its stake in shares of Bain Capital Specialty Finance by 189.6% during the 3rd quarter. First National Trust Co now owns 91,690 shares of the company’s stock worth $1,522,000 after purchasing an additional 60,024 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C increased its position in Bain Capital Specialty Finance by 213.8% in the second quarter. Deerfield Management Company L.P. Series C now owns 79,569 shares of the company’s stock worth $1,298,000 after buying an additional 54,213 shares during the last quarter.

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.