Bain Capital Specialty Finance (NYSE:BCSF) Shares Gap Down to $16.70

Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) gapped down prior to trading on Friday . The stock had previously closed at $16.70, but opened at $16.23. Bain Capital Specialty Finance shares last traded at $16.33, with a volume of 17,013 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Bain Capital Specialty Finance from $16.50 to $17.00 and gave the company a “market perform” rating in a research note on Thursday, May 23rd. Wells Fargo & Company upgraded shares of Bain Capital Specialty Finance from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $16.00 to $17.00 in a research report on Wednesday, May 29th.

Bain Capital Specialty Finance Trading Up 0.4 %

The firm has a 50 day moving average of $16.48 and a 200 day moving average of $15.83. The firm has a market cap of $1.05 billion, a PE ratio of 8.16 and a beta of 1.10. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.19.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. Bain Capital Specialty Finance had a return on equity of 12.64% and a net margin of 43.42%. The firm had revenue of $74.50 million for the quarter. Equities analysts anticipate that Bain Capital Specialty Finance, Inc. will post 1.99 earnings per share for the current year.

Bain Capital Specialty Finance Announces Dividend

The firm also recently announced a — dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.03 dividend. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 10.1%. Bain Capital Specialty Finance’s payout ratio is 84.00%.

Institutional Investors Weigh In On Bain Capital Specialty Finance

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FinTrust Capital Advisors LLC bought a new stake in shares of Bain Capital Specialty Finance during the 4th quarter valued at about $30,000. Signaturefd LLC purchased a new stake in shares of Bain Capital Specialty Finance in the 4th quarter worth about $93,000. Cape Investment Advisory Inc. bought a new stake in shares of Bain Capital Specialty Finance during the fourth quarter valued at approximately $134,000. Twin Focus Capital Partners LLC purchased a new position in Bain Capital Specialty Finance during the 4th quarter valued at about $151,000. Finally, Cooper Financial Group bought a new stake in Bain Capital Specialty Finance in the first quarter worth $182,000.

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.