Lake Street Advisors Group LLC Invests $6.89 Million in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Lake Street Advisors Group LLC purchased a new stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 383,201 shares of the company's stock, valued at approximately $6,886,000. Lake Street Advisors Group LLC owned approximately 0.59% of Bain Capital Specialty Finance at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Bain Capital Specialty Finance during the 3rd quarter worth about $136,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Bain Capital Specialty Finance in the 4th quarter valued at approximately $151,000. Farther Finance Advisors LLC acquired a new position in shares of Bain Capital Specialty Finance in the 3rd quarter valued at approximately $182,000. Centiva Capital LP acquired a new position in shares of Bain Capital Specialty Finance in the 3rd quarter valued at approximately $199,000. Finally, KKM Financial LLC acquired a new position in shares of Bain Capital Specialty Finance in the 3rd quarter valued at approximately $232,000.

Bain Capital Specialty Finance Stock Up 3.3 %

Shares of BCSF traded up $0.61 on Friday, hitting $19.08. The company's stock had a trading volume of 347,470 shares, compared to its average volume of 208,461. 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's fifty day moving average price is $17.83 and its 200-day moving average price is $17.15. Bain Capital Specialty Finance, Inc. has a fifty-two week low of $15.29 and a fifty-two week high of $19.16. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 9.59 and a beta of 1.10.

Remove Ads

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.52 earnings per share for the quarter, topping 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 firm had revenue of $73.30 million during the quarter, compared to the consensus estimate of $67.50 million. On average, equities research analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Increases Dividend

The company also recently declared a -- dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, March 17th. This represents a yield of 8.8%. This is an increase from Bain Capital Specialty Finance's previous -- dividend of $0.03. Bain Capital Specialty Finance's dividend payout ratio is 90.81%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company boosted their price objective on Bain Capital Specialty Finance from $17.00 to $18.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th.

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.