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

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Director Clare Stack Richer acquired 1,530 shares of the stock in a transaction dated 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 directly owns 20,835 shares of the company’s stock, valued at $342,319.05. This represents a 7.93 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Bain Capital Specialty Finance Stock Down 0.8 %

Bain Capital Specialty Finance stock opened at $16.54 on Tuesday. The company has a market cap of $1.07 billion, a P/E ratio of 8.31 and a beta of 1.10. 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 fifty day simple moving average of $17.79 and a 200 day simple moving average of $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 earnings results on Thursday, February 27th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $73.30 million during the quarter, compared to the consensus estimate of $67.50 million. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. Research analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current fiscal year.

Bain Capital Specialty Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is currently 90.81%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BCSF. Advisors Asset Management Inc. grew its position in shares of Bain Capital Specialty Finance by 17.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 177,321 shares of the company’s stock valued at $2,944,000 after acquiring an additional 26,690 shares during the period. KKM Financial LLC bought a new position in shares of Bain Capital Specialty Finance in the 3rd quarter valued at about $232,000. Quantbot Technologies LP bought a new position in shares of Bain Capital Specialty Finance in the 3rd quarter valued at about $136,000. Townsquare Capital LLC grew its position in shares of Bain Capital Specialty Finance by 6.3% in the 3rd quarter. Townsquare Capital LLC now owns 50,267 shares of the company’s stock valued at $834,000 after acquiring an additional 2,957 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in shares of Bain Capital Specialty Finance by 5.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 270,826 shares of the company’s stock valued at $4,496,000 after acquiring an additional 14,223 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BCSF. Keefe, Bruyette & Woods increased their price objective on shares of 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. Wells Fargo & Company increased their price objective on shares of 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.

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.