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

Farther Finance Advisors LLC boosted its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 43.4% in the fourth quarter, Holdings Channel reports. 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 hedge funds and other institutional investors have also recently made changes to their positions in BCSF. Quantbot Technologies LP purchased a new stake in shares of Bain Capital Specialty Finance during the 3rd quarter valued at $136,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Bain Capital Specialty Finance during the 4th quarter valued at $151,000. Centiva Capital LP purchased a new stake in shares of Bain Capital Specialty Finance during the 3rd quarter valued at $199,000. KKM Financial LLC purchased a new stake in shares of Bain Capital Specialty Finance during the 3rd quarter valued at $232,000. Finally, Cooper Financial Group lifted its holdings in shares of Bain Capital Specialty Finance by 7.5% during the 4th quarter. Cooper Financial Group now owns 15,064 shares of the company’s stock valued at $264,000 after purchasing an additional 1,053 shares during the last quarter.

Bain Capital Specialty Finance Price Performance

NYSE BCSF opened at $16.69 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41. The stock’s fifty day moving average price is $17.78 and its 200 day moving average price is $17.25. 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 market cap of $1.08 billion, a price-to-earnings ratio of 8.38 and a beta of 1.10.

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

Bain Capital Specialty Finance Announces Dividend

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

Insiders Place Their Bets

In related news, Director Clare Stack Richer purchased 1,530 shares of the business’s stock in a transaction on Monday, March 17th. The shares were bought at an average cost of $16.43 per share, with a total value of $25,137.90. Following the transaction, the director now owns 20,835 shares of the company’s stock, valued at approximately $342,319.05. This trade represents a 7.93 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.59% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on BCSF. Keefe, Bruyette & Woods increased their price objective on Bain Capital Specialty Finance from $17.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, March 4th. 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 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.