Aquatic Capital Management LLC Makes New Investment in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Aquatic Capital Management LLC bought a new stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) in the 4th quarter, Holdings Channel reports. The institutional investor bought 3,830 shares of the company’s stock, valued at approximately $67,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in 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 purchasing an additional 71,806 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Bain Capital Specialty Finance by 14.6% during the 3rd quarter. Franklin Resources Inc. now owns 287,890 shares of the company’s stock worth $4,779,000 after buying an additional 36,585 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Bain Capital Specialty Finance by 136.2% during the 3rd quarter. Jane Street Group LLC now owns 24,092 shares of the company’s stock worth $400,000 after buying an additional 13,892 shares in the last quarter. Invesco Ltd. boosted its stake in Bain Capital Specialty Finance by 25.2% in the fourth quarter. Invesco Ltd. now owns 75,536 shares of the company’s stock valued at $1,323,000 after buying an additional 15,185 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Bain Capital Specialty Finance in the fourth quarter valued at about $1,482,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BCSF. Wells Fargo & Company decreased their price target on shares of 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. Keefe, Bruyette & Woods decreased their target price on shares of 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.

Insiders Place Their Bets

In other Bain Capital Specialty Finance news, Director Clare Stack Richer acquired 1,530 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were bought at an average cost of $16.43 per share, with a total value of $25,137.90. Following the purchase, the director now directly owns 20,835 shares of the company’s stock, valued at $342,319.05. This trade represents a 7.93 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.59% of the company’s stock.

Bain Capital Specialty Finance Stock Performance

NYSE:BCSF opened at $15.25 on Tuesday. The stock’s 50-day moving average is $16.01 and its 200-day moving average is $16.90. Bain Capital Specialty Finance, Inc. has a 1-year low of $13.20 and a 1-year high of $19.21. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. The stock has a market cap of $989.25 million, a P/E ratio of 7.66 and a beta of 0.82.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $73.30 million for the quarter, compared to analysts’ expectations of $67.50 million. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. Equities research analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

Bain Capital Specialty Finance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.79%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance’s payout ratio is presently 90.81%.

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.