36,605 Shares in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 36,605 shares of the company’s stock, valued at approximately $641,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.06% of Bain Capital Specialty Finance at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BCSF. Lake Street Advisors Group LLC bought a new stake in shares of Bain Capital Specialty Finance in the fourth quarter worth $6,886,000. Columbus Macro LLC bought a new stake in shares of Bain Capital Specialty Finance in the fourth quarter worth $5,544,000. Allworth Financial LP bought a new stake in Bain Capital Specialty Finance during the fourth quarter valued at $5,459,000. Hager Investment Management Services LLC bought a new stake in Bain Capital Specialty Finance during the fourth quarter valued at $2,530,000. Finally, Van ECK Associates Corp increased its stake in Bain Capital Specialty Finance by 13.8% during the fourth quarter. Van ECK Associates Corp now owns 1,088,471 shares of the company’s stock valued at $19,070,000 after purchasing an additional 131,860 shares during the last quarter.

Wall Street Analysts Forecast Growth

BCSF has been the subject of several recent research reports. Wells Fargo & Company boosted their target price on shares of 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 boosted their target price on shares of 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

In related news, Director Clare Stack Richer acquired 1,530 shares of Bain Capital Specialty Finance stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average price of $16.43 per share, with a total value of $25,137.90. Following the completion of the acquisition, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.59% of the company’s stock.

Bain Capital Specialty Finance Stock Performance

Shares of BCSF opened at $16.80 on Friday. 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 $1.09 billion, a price-to-earnings ratio of 8.44 and a beta of 1.10. 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 firm has a fifty day moving average of $17.76 and a 200-day moving average of $17.24.

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 the consensus estimate of $0.49 by $0.03. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The company had revenue of $73.30 million during the quarter, compared to the consensus estimate of $67.50 million. As a group, equities analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share 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. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is 90.81%.

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.