Advisors Asset Management Inc. Acquires 65,350 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Advisors Asset Management Inc. lifted its position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 36.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 242,671 shares of the company's stock after acquiring an additional 65,350 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.38% of Bain Capital Specialty Finance worth $4,252,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in Bain Capital Specialty Finance by 47.0% in the third quarter. JPMorgan Chase & Co. now owns 224,528 shares of the company's stock valued at $3,727,000 after purchasing an additional 71,806 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Bain Capital Specialty Finance by 14.6% in the 3rd quarter. Franklin Resources Inc. now owns 287,890 shares of the company's stock valued at $4,779,000 after acquiring an additional 36,585 shares during the last quarter. Jane Street Group LLC raised its position in shares of Bain Capital Specialty Finance by 136.2% in the 3rd quarter. Jane Street Group LLC now owns 24,092 shares of the company's stock valued at $400,000 after acquiring an additional 13,892 shares during the period. Columbus Macro LLC bought a new position in Bain Capital Specialty Finance during the 4th quarter worth approximately $5,544,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Bain Capital Specialty Finance during the fourth quarter valued at approximately $151,000.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BCSF. Wells Fargo & Company lifted their price target 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 boosted their target price on 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.

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Bain Capital Specialty Finance Stock Down 0.2 %

NYSE:BCSF traded down $0.04 on Tuesday, hitting $16.88. 360,258 shares of the company's stock were exchanged, compared to its average volume of 235,288. The company has a market cap of $1.09 billion, a P/E ratio of 8.48 and a beta of 1.10. The firm has a 50-day moving average price of $17.76 and a 200-day moving average price of $17.24. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41. Bain Capital Specialty Finance, Inc. has a 52 week low of $15.29 and a 52 week high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm had revenue of $73.30 million during the quarter, compared to analysts' expectations of $67.50 million. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. As a group, analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.71%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance's dividend payout ratio (DPR) is currently 90.81%.

Insider Buying and Selling at Bain Capital Specialty Finance

In other news, Director Clare Stack Richer bought 1,530 shares of the company's stock in a transaction dated Monday, March 17th. The shares were bought at an average cost of $16.43 per share, with a total value of $25,137.90. Following the acquisition, the director now owns 20,835 shares in the company, valued at $342,319.05. This trade represents a 7.93 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.59% of the company's stock.

Bain Capital Specialty Finance 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.