Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Director Acquires $25,137.90 in Stock

Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Get Free Report) Director Clare Stack Richer bought 1,530 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average price 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 $342,319.05. This represents a 7.93 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Bain Capital Specialty Finance Trading Up 0.1 %

Shares of NYSE BCSF traded up $0.02 during midday trading on Friday, hitting $16.81. The company's stock had a trading volume of 56,165 shares, compared to its average volume of 235,193. 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 business's 50 day moving average is $17.76 and its two-hundred day moving average is $17.24. Bain Capital Specialty Finance, Inc. has a 12-month low of $15.29 and a 12-month high of $19.21. The firm has a market cap of $1.09 billion, a P/E ratio of 8.44 and a beta of 1.10.

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

Remove Ads

Bain Capital Specialty Finance Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. United Advisor Group LLC grew its stake in Bain Capital Specialty Finance by 3.3% in the fourth quarter. United Advisor Group LLC now owns 79,504 shares of the company's stock worth $1,393,000 after purchasing an additional 2,546 shares in the last quarter. Mackenzie Financial Corp bought a new position in Bain Capital Specialty Finance in the fourth quarter worth approximately $354,000. Lazard Asset Management LLC grew its stake in Bain Capital Specialty Finance by 14.5% in the fourth quarter. Lazard Asset Management LLC now owns 9,361 shares of the company's stock worth $164,000 after purchasing an additional 1,189 shares in the last quarter. Cresset Asset Management LLC bought a new stake in Bain Capital Specialty Finance during the 4th quarter valued at $25,006,000. Finally, Cetera Investment Advisers bought a new stake in Bain Capital Specialty Finance during the 4th quarter valued at $5,560,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BCSF shares. Keefe, Bruyette & Woods upped their price objective on Bain Capital Specialty Finance from $17.00 to $18.00 and gave the company a "market perform" rating in a research report on Tuesday, March 4th. Wells Fargo & Company upped their price objective on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd.

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.