Franklin Resources Inc. Purchases 26,983 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Franklin Resources Inc. raised its holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 314,873 shares of the company's stock after buying an additional 26,983 shares during the period. Franklin Resources Inc. owned about 0.49% of Bain Capital Specialty Finance worth $5,517,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp grew its position in shares of Bain Capital Specialty Finance by 13.8% in the fourth quarter. Van ECK Associates Corp now owns 1,088,471 shares of the company's stock valued at $19,070,000 after purchasing an additional 131,860 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Bain Capital Specialty Finance by 0.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 468,313 shares of the company's stock valued at $8,205,000 after acquiring an additional 2,445 shares during the period. Lake Street Advisors Group LLC acquired a new position in shares of Bain Capital Specialty Finance in the fourth quarter valued at about $6,886,000. Columbus Macro LLC bought a new position in Bain Capital Specialty Finance during the fourth quarter worth about $5,544,000. Finally, Allworth Financial LP acquired a new stake in Bain Capital Specialty Finance in the 4th quarter worth about $5,459,000.

Insider Buying and Selling

In related news, Director Clare Stack Richer acquired 1,530 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of $16.43 per share, for a total transaction of $25,137.90. Following the transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.59% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BCSF. Wells Fargo & Company raised their target price on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods lowered their price objective on Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th.

Bain Capital Specialty Finance Price Performance

BCSF stock traded up $0.04 during mid-day trading on Wednesday, hitting $14.72. The stock had a trading volume of 38,097 shares, compared to its average volume of 249,443. The firm has a fifty day simple moving average of $16.91 and a 200 day simple moving average of $17.04. The firm has a market capitalization of $950.81 million, a P/E ratio of 7.39 and a beta of 0.79. 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, Inc. has a 52 week low of $13.20 and a 52 week high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) 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 business had revenue of $73.30 million for the quarter, compared to analysts' expectations of $67.50 million. As a group, research analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 0.82%. Bain Capital Specialty Finance's dividend payout ratio (DPR) is currently 90.81%.

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.