First National Trust Co Grows Stock Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

First National Trust Co increased its position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 189.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,690 shares of the company’s stock after purchasing an additional 60,024 shares during the quarter. First National Trust Co owned approximately 0.14% of Bain Capital Specialty Finance worth $1,522,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in BCSF. International Assets Investment Management LLC boosted its stake in Bain Capital Specialty Finance by 1,551.4% during the 3rd quarter. International Assets Investment Management LLC now owns 526,706 shares of the company’s stock worth $87,430,000 after purchasing an additional 494,812 shares during the last quarter. Van ECK Associates Corp boosted its position in Bain Capital Specialty Finance by 18.4% during the second quarter. Van ECK Associates Corp now owns 1,049,379 shares of the company’s stock worth $17,116,000 after acquiring an additional 162,956 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Bain Capital Specialty Finance by 33.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 317,318 shares of the company’s stock valued at $5,175,000 after acquiring an additional 80,192 shares in the last quarter. Deerfield Management Company L.P. Series C raised its holdings in Bain Capital Specialty Finance by 213.8% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 79,569 shares of the company’s stock valued at $1,298,000 after acquiring an additional 54,213 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in Bain Capital Specialty Finance by 10.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 465,868 shares of the company’s stock worth $7,733,000 after purchasing an additional 43,794 shares in the last quarter.

Bain Capital Specialty Finance Stock Performance

Bain Capital Specialty Finance stock opened at $16.76 on Wednesday. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 8.42 and a beta of 1.13. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.80. The firm has a 50 day simple moving average of $16.80 and a 200-day simple moving average of $16.59. Bain Capital Specialty Finance, Inc. has a 1-year low of $14.75 and a 1-year high of $17.25.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The business had revenue of $72.54 million for the quarter. During the same period last year, the firm posted $0.55 earnings per share. On average, analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on BCSF shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $17.00 price target on shares of Bain Capital Specialty Finance in a report on Wednesday, August 21st. Wells Fargo & Company cut their target price on Bain Capital Specialty Finance from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th.

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.