Bank of America Corp DE Grows Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Bank of America Corp DE raised its holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 3.0% in the fourth quarter, Holdings Channel reports. The firm owned 4,539,555 shares of the company’s stock after purchasing an additional 133,753 shares during the period. Bank of America Corp DE owned 0.07% of Bain Capital Specialty Finance worth $79,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. boosted its stake in Bain Capital Specialty Finance by 14.6% in the 3rd quarter. Franklin Resources Inc. now owns 287,890 shares of the company’s stock worth $4,779,000 after purchasing an additional 36,585 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Bain Capital Specialty Finance by 47.0% during the third quarter. JPMorgan Chase & Co. now owns 224,528 shares of the company’s stock valued at $3,727,000 after buying an additional 71,806 shares during the period. Cooper Financial Group increased its stake in shares of Bain Capital Specialty Finance by 7.5% during the fourth quarter. Cooper Financial Group now owns 15,064 shares of the company’s stock valued at $264,000 after buying an additional 1,053 shares during the period. Redhawk Wealth Advisors Inc. raised its holdings in Bain Capital Specialty Finance by 8.1% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 79,459 shares of the company’s stock worth $1,392,000 after purchasing an additional 5,953 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in Bain Capital Specialty Finance by 0.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 468,313 shares of the company’s stock worth $8,205,000 after purchasing an additional 2,445 shares in the last quarter.

Analysts Set New Price Targets

BCSF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods cut their target price on Bain Capital Specialty Finance from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company lowered their price target on Bain Capital Specialty Finance from $19.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, April 28th.

Bain Capital Specialty Finance Stock Up 1.5%

BCSF stock opened at $15.36 on Tuesday. The business’s 50-day moving average is $15.69 and its two-hundred day moving average is $16.84. 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 fifty-two week low of $13.20 and a fifty-two week high of $19.21. The company has a market cap of $996.65 million, a price-to-earnings ratio of 7.72 and a beta of 0.82.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. The firm had revenue of $52.84 million for the quarter, compared to the consensus estimate of $71.00 million. As a group, analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

Bain Capital Specialty Finance Announces Dividend

The firm 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 dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Tuesday, December 16th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 96.55%.

Insider Activity at Bain Capital Specialty Finance

In other news, Director Clare Stack Richer purchased 1,530 shares of the business’s stock in a transaction on Monday, March 17th. The stock was acquired at an average price of $16.43 per share, for a total transaction of $25,137.90. Following the acquisition, the director now directly owns 20,835 shares of the company’s stock, valued at $342,319.05. This represents a 7.93% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.59% of the stock is owned by corporate insiders.

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.