International Assets Investment Management LLC Buys 72,036 Shares of Bain Capital Specialty Finance, Inc. $BCSF

International Assets Investment Management LLC boosted its stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 257.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,000 shares of the company’s stock after purchasing an additional 72,036 shares during the period. International Assets Investment Management LLC owned about 0.15% of Bain Capital Specialty Finance worth $1,104,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC purchased a new position in shares of Bain Capital Specialty Finance in the third quarter worth $132,000. Straight Path Wealth Management purchased a new stake in Bain Capital Specialty Finance during the 3rd quarter valued at $221,000. Foster Victor Wealth Advisors LLC boosted its position in Bain Capital Specialty Finance by 6.4% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 33,278 shares of the company’s stock valued at $335,000 after buying an additional 2,000 shares during the period. Pension & Wealth Management Advisors Inc. boosted its position in Bain Capital Specialty Finance by 2,678.5% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 3,362 shares of the company’s stock valued at $37,000 after buying an additional 3,241 shares during the period. Finally, State of Alaska Department of Revenue bought a new stake in Bain Capital Specialty Finance in the 3rd quarter worth $28,000.

Bain Capital Specialty Finance Price Performance

BCSF opened at $11.24 on Thursday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 7.20 and a current ratio of 7.20. The stock has a market capitalization of $729.46 million, a PE ratio of 11.36 and a beta of 0.59. The stock’s 50 day moving average price is $11.03 and its 200-day moving average price is $12.42. Bain Capital Specialty Finance, Inc. has a 52-week low of $9.99 and a 52-week high of $14.70.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $47.80 million during the quarter, compared to analyst estimates of $64.44 million. Bain Capital Specialty Finance had a return on equity of 10.40% and a net margin of 24.22%. On average, equities research analysts predict that Bain Capital Specialty Finance, Inc. will post 1.64 EPS for the current year.

Bain Capital Specialty Finance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 14.9%. The ex-dividend date of this dividend was Tuesday, September 15th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is currently 169.70%.

Analyst Ratings Changes

BCSF has been the topic of a number of analyst reports. Zacks Research upgraded shares of Bain Capital Specialty Finance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. Loop Capital set a $12.50 price objective on shares of Bain Capital Specialty Finance in a research note on Friday, September 18th. Wells Fargo & Company dropped their target price on shares of Bain Capital Specialty Finance from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, August 12th. Capital One Financial set a $12.50 target price on Bain Capital Specialty Finance in a research note on Friday, September 18th. Finally, Jefferies Financial Group set a $13.00 price target on Bain Capital Specialty Finance in a report on Monday, August 17th. Four investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Bain Capital Specialty Finance currently has a consensus rating of “Hold” and an average price target of $12.60.

Bain Capital Specialty Finance Profile

Bain Capital Specialty Finance, Inc (NYSE: BCSF) is a business development company that provides financing to middle-market companies. The company primarily invests in privately negotiated debt investments, with an emphasis on senior secured loans, including first-lien and unitranche facilities. It may also invest in second-lien debt and, to a lesser extent, equity securities.

BCSF seeks to support companies that are generally sponsored by private equity firms and operates across a range of industries.