Bain Capital Specialty Finance (NYSE:BCSF) Sets New 12-Month High – Here’s What Happened

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) shares hit a new 52-week high during trading on Monday . The company traded as high as $17.88 and last traded at $17.85, with a volume of 83648 shares changing hands. The stock had previously closed at $17.70.

Bain Capital Specialty Finance Stock Performance

The stock has a market capitalization of $1.15 billion, a P/E ratio of 8.97 and a beta of 1.12. The company’s fifty day simple moving average is $16.97 and its two-hundred day simple moving average is $16.72. 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 results on Tuesday, November 5th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.03. The business had revenue of $72.54 million during the quarter. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. During the same period in the previous year, the business posted $0.55 earnings per share. As a group, equities analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Institutional Trading of Bain Capital Specialty Finance

A number of institutional investors have recently bought and sold shares of BCSF. Franklin Resources Inc. increased its position in shares of Bain Capital Specialty Finance by 14.6% in the third quarter. Franklin Resources Inc. now owns 287,890 shares of the company’s stock worth $4,779,000 after purchasing an additional 36,585 shares during the period. First National Trust Co boosted its position 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 acquiring an additional 60,024 shares in the last quarter. International Assets Investment Management LLC increased its stake in Bain Capital Specialty Finance by 1,551.4% in the third quarter. International Assets Investment Management LLC now owns 526,706 shares of the company’s stock valued at $87,430,000 after acquiring an additional 494,812 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Bain Capital Specialty Finance by 10.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 465,868 shares of the company’s stock valued at $7,733,000 after purchasing an additional 43,794 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Bain Capital Specialty Finance by 3.4% during the third quarter. Janney Montgomery Scott LLC now owns 77,253 shares of the company’s stock worth $1,282,000 after purchasing an additional 2,530 shares during the last quarter.

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.