Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 36,605 shares of the company's stock, valued at approximately $641,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.06% of Bain Capital Specialty Finance at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Bain Capital Specialty Finance by 47.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 224,528 shares of the company's stock worth $3,727,000 after purchasing an additional 71,806 shares in the last quarter. Franklin Resources Inc. boosted its holdings in 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 acquiring an additional 36,585 shares in the last quarter. Jane Street Group LLC raised its holdings 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 during the last quarter. Columbus Macro LLC purchased a new stake in shares of Bain Capital Specialty Finance during the fourth quarter valued at approximately $5,544,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Bain Capital Specialty Finance in the 4th quarter worth approximately $151,000.
Bain Capital Specialty Finance Stock Performance
NYSE BCSF traded down $0.10 during trading hours on Wednesday, hitting $16.80. 337,855 shares of the company's stock traded hands, compared to its average volume of 286,217. The business's fifty day moving average price is $17.75 and its two-hundred day moving average price is $17.24. The firm has a market capitalization of $1.09 billion, a P/E ratio of 8.44 and a beta of 1.10. Bain Capital Specialty Finance, Inc. has a 52 week low of $15.29 and a 52 week high of $19.21. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13.
Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $73.30 million for the quarter, compared to the consensus estimate of $67.50 million. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. Equities research analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.
Bain Capital Specialty Finance Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance's payout ratio is 90.81%.
Insider Buying and Selling at Bain Capital Specialty Finance
In other Bain Capital Specialty Finance news, Director Clare Stack Richer acquired 1,530 shares of the stock in a transaction dated Monday, March 17th. The shares were acquired at an average cost of $16.43 per share, for a total transaction of $25,137.90. Following the completion of the transaction, the director now directly owns 20,835 shares of the company's stock, valued at approximately $342,319.05. The trade was a 7.93 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.59% of the company's stock.
Wall Street Analyst Weigh In
BCSF has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods upped their target price on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the company a "market perform" rating in a research note on Tuesday, March 4th.
Read Our Latest Analysis on Bain Capital Specialty Finance
About Bain Capital Specialty Finance
(
Free Report)
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.
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