Raymond James Financial Inc. Takes $1.48 Million Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Raymond James Financial Inc. bought a new stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 84,604 shares of the company's stock, valued at approximately $1,482,000. Raymond James Financial Inc. owned approximately 0.13% of Bain Capital Specialty Finance as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of Bain Capital Specialty Finance in the 3rd quarter valued at $136,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth about $151,000. Centiva Capital LP acquired a new stake in shares of Bain Capital Specialty Finance during the third quarter worth about $199,000. Cooper Financial Group grew its position in shares of Bain Capital Specialty Finance by 7.5% in the 4th quarter. Cooper Financial Group now owns 15,064 shares of the company's stock valued at $264,000 after purchasing an additional 1,053 shares during the period. Finally, Prairiewood Capital LLC increased its stake in Bain Capital Specialty Finance by 8.6% during the 4th quarter. Prairiewood Capital LLC now owns 15,211 shares of the company's stock worth $266,000 after purchasing an additional 1,201 shares in the last quarter.

Bain Capital Specialty Finance Stock Down 6.6 %

Shares of BCSF traded down $1.07 during mid-day trading on Friday, hitting $15.16. 840,723 shares of the company's stock were exchanged, compared to its average volume of 241,964. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41. Bain Capital Specialty Finance, Inc. has a 52 week low of $14.65 and a 52 week high of $19.21. The company has a market cap of $979.82 million, a PE ratio of 7.62 and a beta of 0.79. The company has a 50-day simple moving average of $17.57 and a 200 day simple moving average of $17.22.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released 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 net margin of 43.62% and a return on equity of 11.90%. The business had revenue of $73.30 million during the quarter, compared to the consensus estimate of $67.50 million. On average, research analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.12 annualized dividend and a yield of 0.79%. Bain Capital Specialty Finance's dividend payout ratio (DPR) is presently 90.81%.

Analyst Ratings Changes

Several research firms have recently weighed in on BCSF. Wells Fargo & Company upped their price target on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an "overweight" rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods upped their target price on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock a "market perform" rating in a research note on Tuesday, March 4th.

Insider Buying and Selling at Bain Capital Specialty Finance

In other news, Director Clare Stack Richer acquired 1,530 shares of the stock in a transaction dated Monday, March 17th. The shares were bought at an average cost of $16.43 per share, for a total transaction of $25,137.90. Following the purchase, the director now directly owns 20,835 shares of the company's stock, valued at approximately $342,319.05. This trade represents a 7.93 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.59% of the company's stock.

About Bain Capital Specialty Finance

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.