Van ECK Associates Corp Reduces Stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Van ECK Associates Corp decreased its holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 8.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 956,611 shares of the company's stock after selling 92,768 shares during the quarter. Van ECK Associates Corp owned 1.48% of Bain Capital Specialty Finance worth $16,043,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC raised its position in Bain Capital Specialty Finance by 1,551.4% in the 3rd quarter. International Assets Investment Management LLC now owns 526,706 shares of the company's stock valued at $87,430,000 after purchasing an additional 494,812 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Bain Capital Specialty Finance by 33.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 317,318 shares of the company's stock worth $5,175,000 after purchasing an additional 80,192 shares during the period. Deerfield Management Company L.P. Series C lifted its holdings in Bain Capital Specialty Finance by 213.8% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 79,569 shares of the company's stock worth $1,298,000 after purchasing an additional 54,213 shares during the last quarter. LSV Asset Management acquired a new stake in Bain Capital Specialty Finance during the first quarter worth approximately $847,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in Bain Capital Specialty Finance by 41.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 165,005 shares of the company's stock valued at $2,587,000 after purchasing an additional 48,404 shares in the last quarter.

Bain Capital Specialty Finance Trading Up 2.4 %

Shares of BCSF traded up $0.40 during trading hours on Wednesday, hitting $16.84. The company had a trading volume of 182,928 shares, compared to its average volume of 234,023. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.03. The stock's 50 day moving average price is $16.81 and its 200 day moving average price is $16.57. The firm has a market cap of $1.09 billion, a P/E ratio of 8.23 and a beta of 1.13. Bain Capital Specialty Finance, Inc. has a 52-week low of $14.75 and a 52-week high of $17.25.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.03. Bain Capital Specialty Finance had a return on equity of 12.09% and a net margin of 43.90%. The business had revenue of $72.54 million during the quarter. During the same period last year, the firm posted $0.55 EPS. On average, research analysts predict that Bain Capital Specialty Finance, Inc. will post 2.03 EPS for the current year.

Wall Street Analyst Weigh In

BCSF has been the subject of a number of analyst reports. Wells Fargo & Company lowered their price target on Bain Capital Specialty Finance from $18.00 to $17.00 and set an "overweight" rating for the company in a research report on Thursday, August 8th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $17.00 price target on shares of Bain Capital Specialty Finance in a research note on Wednesday, August 21st.

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.