Envestnet Asset Management Inc. boosted its position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 2,071.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 329,873 shares of the company's stock after acquiring an additional 314,683 shares during the quarter. Envestnet Asset Management Inc. owned 0.51% of Bain Capital Specialty Finance worth $5,779,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Mascoma Wealth Management LLC purchased a new stake in Bain Capital Specialty Finance during the 4th quarter worth $29,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Bain Capital Specialty Finance in the 4th quarter valued at about $151,000. Cooper Financial Group lifted its holdings in Bain Capital Specialty Finance by 7.5% during the 4th quarter. Cooper Financial Group now owns 15,064 shares of the company's stock worth $264,000 after buying an additional 1,053 shares during the last quarter. Prairiewood Capital LLC lifted its stake in Bain Capital Specialty Finance by 8.6% during the fourth quarter. Prairiewood Capital LLC now owns 15,211 shares of the company's stock worth $266,000 after purchasing an additional 1,201 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Bain Capital Specialty Finance by 43.4% in the 4th quarter. Farther Finance Advisors LLC now owns 15,705 shares of the company's stock valued at $275,000 after buying an additional 4,750 shares during the period.
Bain Capital Specialty Finance Trading Up 0.2 %
BCSF traded up $0.03 during trading on Friday, reaching $15.47. The company had a trading volume of 113,557 shares, compared to its average volume of 248,553. The firm's 50-day simple moving average is $16.46 and its 200 day simple moving average is $16.96. The company has a market cap of $999.59 million, a price-to-earnings ratio of 7.77 and a beta of 0.79. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41. Bain Capital Specialty Finance, Inc. has a 12-month low of $13.20 and a 12-month high of $19.21.
Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last issued its earnings results 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 return on equity of 11.90% and a net margin of 43.62%. The company had revenue of $73.30 million for the quarter, compared to the consensus estimate of $67.50 million. Equities research analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.
Bain Capital Specialty Finance Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 annualized dividend and a dividend yield of 0.78%. Bain Capital Specialty Finance's dividend payout ratio is 90.81%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Keefe, Bruyette & Woods lowered their price objective on Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company increased 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.
Check Out Our Latest Stock Report on Bain Capital Specialty Finance
Insider Transactions at Bain Capital Specialty Finance
In other news, Director Clare Stack Richer acquired 1,530 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was acquired 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 approximately $342,319.05. This represents a 7.93 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.59% of the stock is currently owned by company insiders.
Bain Capital Specialty Finance Profile
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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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