Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Director Acquires $25,137.90 in Stock

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Director Clare Stack Richer acquired 1,530 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was purchased at an average price of $16.43 per share, for a total transaction of $25,137.90. Following the completion of the transaction, the director now directly owns 20,835 shares in the company, valued at approximately $342,319.05. The trade was a 7.93 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Bain Capital Specialty Finance Stock Performance

Shares of Bain Capital Specialty Finance stock opened at $16.69 on Wednesday. The company has a market capitalization of $1.08 billion, a PE ratio of 8.38 and a beta of 1.10. Bain Capital Specialty Finance, Inc. has a 12 month low of $15.29 and a 12 month 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’s fifty day simple moving average is $17.78 and its 200 day simple moving average is $17.25.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) 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 firm had revenue of $73.30 million for the quarter, compared to the consensus estimate of $67.50 million. On average, research analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BCSF shares. Wells Fargo & Company raised their price target on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods raised their price target on Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 4th.

Institutional Trading of Bain Capital Specialty Finance

Several hedge funds and other institutional investors have recently modified their holdings of BCSF. Mascoma Wealth Management LLC acquired a new stake in shares of Bain Capital Specialty Finance in the 4th quarter valued at about $29,000. Aquatic Capital Management LLC acquired a new stake in shares of Bain Capital Specialty Finance in the fourth quarter valued at about $67,000. Quantbot Technologies LP acquired a new stake in shares of Bain Capital Specialty Finance in the third quarter valued at about $136,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Bain Capital Specialty Finance in the fourth quarter valued at about $151,000. Finally, Lazard Asset Management LLC increased its position in shares of Bain Capital Specialty Finance by 14.5% in the fourth quarter. Lazard Asset Management LLC now owns 9,361 shares of the company’s stock valued at $164,000 after acquiring an additional 1,189 shares during the last quarter.

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.