Clare Stack Richer Acquires 1,530 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Stock

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Director Clare Stack Richer acquired 1,530 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was acquired at an average price of $16.43 per share, for a total transaction of $25,137.90. Following the completion of 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 position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Bain Capital Specialty Finance Trading Up 0.9 %

BCSF stock opened at $16.69 on Wednesday. Bain Capital Specialty Finance, Inc. has a 1-year low of $15.29 and a 1-year high of $19.21. The firm has a market cap of $1.08 billion, a P/E ratio of 8.38 and a beta of 1.10. The business’s 50 day moving average is $17.78 and its 200-day moving average is $17.25. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13.

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

Bain Capital Specialty Finance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance’s payout ratio is currently 90.81%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wells Fargo & Company lifted their price objective on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods boosted their price target 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.

Institutional Investors Weigh In On Bain Capital Specialty Finance

A number of large investors have recently bought and sold shares of the business. United Advisor Group LLC grew its position in Bain Capital Specialty Finance by 3.3% during the 4th quarter. United Advisor Group LLC now owns 79,504 shares of the company’s stock worth $1,393,000 after acquiring an additional 2,546 shares during the last quarter. Mackenzie Financial Corp bought a new stake in Bain Capital Specialty Finance during the 4th quarter worth approximately $354,000. Lazard Asset Management LLC grew its position in Bain Capital Specialty Finance by 14.5% during the 4th quarter. Lazard Asset Management LLC now owns 9,361 shares of the company’s stock worth $164,000 after acquiring an additional 1,189 shares during the last quarter. Cresset Asset Management LLC bought a new stake in Bain Capital Specialty Finance during the 4th quarter worth approximately $25,006,000. Finally, Cetera Investment Advisers bought a new stake in Bain Capital Specialty Finance during the 4th quarter worth approximately $5,560,000.

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.