Stephens Inc. AR lifted its stake in shares of Bain Capital Specialty Finance Inc (NYSE:BCSF) by 18.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,150 shares of the company’s stock after purchasing an additional 4,150 shares during the quarter. Stephens Inc. AR owned about 0.05% of Bain Capital Specialty Finance worth $506,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Starr International Co. Inc. bought a new stake in Bain Capital Specialty Finance in the first quarter worth about $13,303,000. C.V. Starr & Co. Inc. Trust bought a new stake in Bain Capital Specialty Finance in the first quarter worth about $6,651,000. Bank of Montreal Can bought a new stake in Bain Capital Specialty Finance in the first quarter worth about $1,544,000. Texas Yale Capital Corp. raised its position in Bain Capital Specialty Finance by 93.2% in the second quarter. Texas Yale Capital Corp. now owns 62,492 shares of the company’s stock worth $1,164,000 after acquiring an additional 30,146 shares in the last quarter. Finally, CFO4Life Group LLC bought a new stake in Bain Capital Specialty Finance in the second quarter worth about $922,000. Institutional investors and hedge funds own 20.06% of the company’s stock.
Several equities research analysts have commented on the stock. JMP Securities assumed coverage on shares of Bain Capital Specialty Finance in a research report on Wednesday, April 24th. They issued a “market perform” rating on the stock. Zacks Investment Research raised Bain Capital Specialty Finance from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $20.25.
Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The company had revenue of $50.60 million during the quarter, compared to analysts’ expectations of $44.28 million. Bain Capital Specialty Finance had a return on equity of 8.27% and a net margin of 44.83%. Equities analysts anticipate that Bain Capital Specialty Finance Inc will post 1.66 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Monday, September 30th will be paid a $0.41 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.64 dividend on an annualized basis and a yield of 9.05%. Bain Capital Specialty Finance’s dividend payout ratio is currently 113.10%.
Bain Capital Specialty Finance Company Profile
Bain Capital Specialty Finance, Inc operates as a business development company (BDC) 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.
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