Hennion & Walsh Asset Management Inc. Has $7.55 Million Stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Hennion & Walsh Asset Management Inc. trimmed its position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 2.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 455,002 shares of the company’s stock after selling 13,311 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.70% of Bain Capital Specialty Finance worth $7,553,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bank of America Corp DE grew its stake in Bain Capital Specialty Finance by 3.0% in the 4th quarter. Bank of America Corp DE now owns 4,539,555 shares of the company’s stock valued at $79,533,000 after purchasing an additional 133,753 shares during the period. Cresset Asset Management LLC bought a new position in Bain Capital Specialty Finance in the 4th quarter valued at $25,006,000. Van ECK Associates Corp grew its stake in Bain Capital Specialty Finance by 13.8% in the 4th 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 period. Melia Wealth LLC grew its stake in Bain Capital Specialty Finance by 2.8% in the 4th quarter. Melia Wealth LLC now owns 919,379 shares of the company’s stock valued at $16,108,000 after purchasing an additional 25,185 shares during the period. Finally, Starr Indemnity & Liability Co bought a new position in shares of Bain Capital Specialty Finance during the 4th quarter worth $10,477,000.

Bain Capital Specialty Finance Stock Performance

Shares of BCSF opened at $15.57 on Tuesday. The stock’s 50-day simple moving average is $15.30 and its 200 day simple moving average is $16.71. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 7.82 and a beta of 0.82. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41. Bain Capital Specialty Finance, Inc. has a 52-week low of $13.20 and a 52-week high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $52.84 million for the quarter, compared to analysts’ expectations of $71.00 million. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. Research analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Insider Buying and Selling at Bain Capital Specialty Finance

In other news, Director Clare Stack Richer acquired 1,530 shares of the firm’s stock in a transaction that occurred 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 acquisition, the director now owns 20,835 shares in the company, valued at approximately $342,319.05. This represents a 7.93% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BCSF. Wells Fargo & Company cut their price target on Bain Capital Specialty Finance from $19.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Keefe, Bruyette & Woods cut their price target on Bain Capital Specialty Finance from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th.

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.