Commonwealth Equity Services LLC Boosts Stock Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Commonwealth Equity Services LLC lifted its stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 18.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,765 shares of the company's stock after purchasing an additional 15,494 shares during the quarter. Commonwealth Equity Services LLC owned about 0.15% of Bain Capital Specialty Finance worth $1,730,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CFO4Life Group LLC boosted its holdings in Bain Capital Specialty Finance by 2.5% in the fourth quarter. CFO4Life Group LLC now owns 31,499 shares of the company's stock worth $552,000 after acquiring an additional 769 shares in the last quarter. Mascoma Wealth Management LLC purchased a new position in shares of Bain Capital Specialty Finance in the 4th quarter worth about $29,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Bain Capital Specialty Finance in the 4th quarter worth about $641,000. Farther Finance Advisors LLC grew its position in Bain Capital Specialty Finance by 43.4% during the 4th quarter. Farther Finance Advisors LLC now owns 15,705 shares of the company's stock valued at $275,000 after purchasing an additional 4,750 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Bain Capital Specialty Finance during the 4th quarter valued at about $1,482,000.

Bain Capital Specialty Finance Stock Performance

BCSF traded down $0.20 during midday trading on Wednesday, hitting $16.47. 396,719 shares of the company traded hands, compared to its average volume of 239,329. The company's 50-day moving average is $17.65 and its 200 day moving average is $17.23. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $1.06 billion, a PE ratio of 8.28 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.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.03. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The company had revenue of $73.30 million for the quarter, compared to the consensus estimate of $67.50 million. On average, research analysts expect 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 issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance's dividend payout ratio is 90.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BCSF shares. Keefe, Bruyette & Woods increased their price target on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the company a "market perform" rating in a 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.

Insiders Place Their Bets

In other Bain Capital Specialty Finance news, Director Clare Stack Richer purchased 1,530 shares of the firm's stock in a transaction on 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 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.59% of the company's stock.

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.