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

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Director Clare Stack Richer purchased 1,530 shares of the business’s stock in a transaction on Monday, March 17th. The shares were acquired at an average price of $16.43 per share, with a total value of $25,137.90. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Bain Capital Specialty Finance Trading Up 2.0 %

Shares of Bain Capital Specialty Finance stock traded up $0.32 during trading on Monday, reaching $16.54. 396,170 shares of the stock were exchanged, compared to its average volume of 234,671. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13. The stock’s fifty day moving average is $17.80 and its 200 day moving average is $17.25. The firm has a market cap of $1.07 billion, a price-to-earnings 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.

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

Bain Capital Specialty Finance Announces Dividend

The company also recently announced 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. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.73%. Bain Capital Specialty Finance’s dividend payout ratio is currently 90.81%.

Institutional Trading of Bain Capital Specialty Finance

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CFO4Life Group LLC lifted its holdings in Bain Capital Specialty Finance by 2.5% in the fourth quarter. CFO4Life Group LLC now owns 31,499 shares of the company’s stock worth $552,000 after buying an additional 769 shares during the period. Cooper Financial Group lifted its holdings in Bain Capital Specialty Finance by 7.5% in the fourth quarter. Cooper Financial Group now owns 15,064 shares of the company’s stock worth $264,000 after buying an additional 1,053 shares during the period. Lazard Asset Management LLC lifted its holdings in 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 worth $164,000 after buying an additional 1,189 shares during the period. Prairiewood Capital LLC lifted its holdings in Bain Capital Specialty Finance by 8.6% in the fourth quarter. Prairiewood Capital LLC now owns 15,211 shares of the company’s stock worth $266,000 after buying an additional 1,201 shares during the period. Finally, Comerica Bank increased its stake in shares of Bain Capital Specialty Finance by 8.2% during the fourth quarter. Comerica Bank now owns 17,029 shares of the company’s stock valued at $298,000 after purchasing an additional 1,292 shares in the last quarter.

Analyst Ratings Changes

BCSF has been the subject of several analyst reports. Wells Fargo & Company upped their price target on shares of 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. Keefe, Bruyette & Woods increased their target price on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, March 4th.

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.