Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Director Purchases $25,137.90 in Stock

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Director Clare Stack Richer purchased 1,530 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was purchased at an average cost of $16.43 per share, for a total transaction of $25,137.90. Following the acquisition, the director now owns 20,835 shares of the company’s stock, valued at approximately $342,319.05. This trade represents a 7.93 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Bain Capital Specialty Finance Price Performance

BCSF traded up $0.32 during trading on Monday, reaching $16.54. The stock had a trading volume of 396,170 shares, compared to its average volume of 234,671. The stock has a market cap of $1.07 billion, a PE ratio of 8.31 and a beta of 1.10. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41. Bain Capital Specialty Finance, Inc. has a one year low of $15.29 and a one year high of $19.21. The business has a 50-day moving average of $17.80 and a 200-day moving average of $17.25.

Bain Capital Specialty Finance (NYSE:BCSF) last released its earnings results on Thursday, February 27th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $73.30 million for the quarter, compared to analysts’ expectations of $67.50 million. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. As a group, equities research analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.12 dividend on an annualized basis and a yield of 0.73%. Bain Capital Specialty Finance’s dividend payout ratio is presently 90.81%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in Bain Capital Specialty Finance by 3.0% in the fourth quarter. Bank of America Corp DE now owns 4,539,555 shares of the company’s stock valued at $79,533,000 after acquiring an additional 133,753 shares during the last quarter. Cresset Asset Management LLC purchased a new stake in Bain Capital Specialty Finance during the fourth quarter valued at about $25,006,000. Van ECK Associates Corp boosted its position in Bain Capital Specialty Finance by 13.8% during the fourth quarter. Van ECK Associates Corp now owns 1,088,471 shares of the company’s stock valued at $19,070,000 after buying an additional 131,860 shares during the period. Melia Wealth LLC boosted its position in Bain Capital Specialty Finance by 2.8% during the fourth quarter. Melia Wealth LLC now owns 919,379 shares of the company’s stock valued at $16,108,000 after buying an additional 25,185 shares during the period. Finally, Starr Indemnity & Liability Co purchased a new stake in Bain Capital Specialty Finance during the fourth quarter valued at about $10,477,000.

Analysts Set New Price Targets

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 stock an “overweight” rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods upped their price target on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, March 4th.

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.