Advisors Asset Management Inc. Increases Stock Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Advisors Asset Management Inc. raised its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 17.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 177,321 shares of the company’s stock after buying an additional 26,690 shares during the period. Advisors Asset Management Inc.’s holdings in Bain Capital Specialty Finance were worth $2,944,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First National Trust Co lifted its holdings in Bain Capital Specialty Finance by 189.6% in the third quarter. First National Trust Co now owns 91,690 shares of the company’s stock valued at $1,522,000 after acquiring an additional 60,024 shares during the period. Confluence Investment Management LLC boosted its holdings in shares of Bain Capital Specialty Finance by 0.9% in the third quarter. Confluence Investment Management LLC now owns 119,547 shares of the company’s stock worth $1,984,000 after buying an additional 1,028 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in Bain Capital Specialty Finance during the third quarter valued at approximately $286,000. United Advisor Group LLC increased its holdings in Bain Capital Specialty Finance by 4.3% during the third quarter. United Advisor Group LLC now owns 76,958 shares of the company’s stock valued at $1,278,000 after buying an additional 3,149 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Bain Capital Specialty Finance by 3.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 77,253 shares of the company’s stock worth $1,282,000 after acquiring an additional 2,530 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BCSF. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $17.00 price target on shares of Bain Capital Specialty Finance in a report on Wednesday, August 21st. Wells Fargo & Company lowered their price objective on Bain Capital Specialty Finance from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th.

Bain Capital Specialty Finance Stock Performance

Shares of NYSE BCSF opened at $16.74 on Friday. The stock has a market cap of $1.08 billion, a PE ratio of 8.41 and a beta of 1.13. Bain Capital Specialty Finance, Inc. has a 1 year low of $14.75 and a 1 year high of $17.25. The firm has a fifty day moving average price of $16.79 and a 200-day moving average price of $16.60. 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 issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. The business had revenue of $72.54 million during the quarter. During the same quarter in the previous year, the company posted $0.55 EPS. Equities analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current fiscal year.

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.