Farther Finance Advisors LLC Grows Stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Farther Finance Advisors LLC increased its stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 43.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,705 shares of the company’s stock after acquiring an additional 4,750 shares during the period. Farther Finance Advisors LLC’s holdings in Bain Capital Specialty Finance were worth $275,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its position in Bain Capital Specialty Finance by 13.8% in the fourth quarter. Van ECK Associates Corp now owns 1,088,471 shares of the company’s stock worth $19,070,000 after acquiring an additional 131,860 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position 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 acquiring an additional 2,445 shares in the last quarter. Lake Street Advisors Group LLC purchased a new position in Bain Capital Specialty Finance in the fourth quarter worth about $6,886,000. Columbus Macro LLC purchased a new position in shares of Bain Capital Specialty Finance during the fourth quarter valued at approximately $5,544,000. Finally, Allworth Financial LP bought a new position in shares of Bain Capital Specialty Finance during the fourth quarter valued at approximately $5,459,000.

Bain Capital Specialty Finance Trading Up 0.9 %

BCSF opened at $16.69 on Wednesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 8.38 and a beta of 1.10. The stock’s 50 day moving average price is $17.78 and its 200-day moving average price is $17.25. Bain Capital Specialty Finance, Inc. has a one year low of $15.29 and a one year high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $73.30 million during the quarter, compared to analyst estimates of $67.50 million. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. On average, equities analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Dividend Announcement

The company also recently declared 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. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.72%. Bain Capital Specialty Finance’s payout ratio is 90.81%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BCSF. Wells Fargo & Company upped their target price on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods upped their target price on Bain Capital Specialty Finance from $17.00 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, March 4th.

Insider Activity at Bain Capital Specialty Finance

In related news, Director Clare Stack Richer bought 1,530 shares of the stock in a transaction on Monday, March 17th. The stock was bought at an average price of $16.43 per share, for a total transaction of $25,137.90. Following the completion of the acquisition, the director now directly owns 20,835 shares in the company, valued at approximately $342,319.05. This represents a 7.93 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.59% of the stock is owned by company insiders.

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.