Advisors Asset Management Inc. Acquires 65,350 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Advisors Asset Management Inc. raised its holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 36.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 242,671 shares of the company’s stock after purchasing an additional 65,350 shares during the period. Advisors Asset Management Inc. owned approximately 0.38% of Bain Capital Specialty Finance worth $4,252,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BCSF. KKM Financial LLC bought a new stake in Bain Capital Specialty Finance in the 3rd quarter valued at about $232,000. Quantbot Technologies LP bought a new stake in shares of Bain Capital Specialty Finance during the 3rd quarter worth approximately $136,000. Townsquare Capital LLC lifted its holdings in shares of Bain Capital Specialty Finance by 6.3% during the 3rd quarter. Townsquare Capital LLC now owns 50,267 shares of the company’s stock worth $834,000 after acquiring an additional 2,957 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Bain Capital Specialty Finance by 5.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 270,826 shares of the company’s stock worth $4,496,000 after acquiring an additional 14,223 shares during the period. Finally, Centiva Capital LP bought a new stake in shares of Bain Capital Specialty Finance during the 3rd quarter worth approximately $199,000.

Bain Capital Specialty Finance Price Performance

BCSF stock opened at $16.78 on Friday. The company has a 50 day simple moving average of $17.76 and a 200 day simple moving average of $17.24. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 8.43 and a beta of 1.10. Bain Capital Specialty Finance, Inc. has a 1 year low of $15.29 and a 1 year high of $19.21. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $73.30 million during 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%. Research analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance’s dividend payout ratio is 90.81%.

Insider Buying and Selling at Bain Capital Specialty Finance

In other Bain Capital Specialty Finance news, Director Clare Stack Richer purchased 1,530 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 20,835 shares in the company, valued at $342,319.05. The trade was a 7.93 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.59% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BCSF. 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. 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.

Bain Capital Specialty Finance Company Profile

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.