Van ECK Associates Corp Buys 131,860 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Van ECK Associates Corp increased its position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 13.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,088,471 shares of the company's stock after purchasing an additional 131,860 shares during the quarter. Van ECK Associates Corp owned approximately 1.69% of Bain Capital Specialty Finance worth $19,070,000 at the end of the most recent quarter.

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

Bain Capital Specialty Finance Stock Down 0.0 %

Shares of BCSF stock traded down $0.01 during midday trading on Wednesday, reaching $18.54. 156,434 shares of the stock were exchanged, compared to its average volume of 201,490. The firm has a market cap of $1.20 billion, a PE ratio of 9.31 and a beta of 1.10. Bain Capital Specialty Finance, Inc. has a 1 year low of $15.21 and a 1 year high of $18.64. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. The company's 50 day moving average is $17.62 and its two-hundred day moving average is $17.03.

Wall Street Analysts Forecast Growth

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 note on Wednesday, January 29th.

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.