Janney Montgomery Scott LLC Increases Stock Position in Bain Capital Specialty Finance, Inc. $BCSF

Janney Montgomery Scott LLC boosted its position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 8.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,060 shares of the company’s stock after purchasing an additional 6,851 shares during the period. Janney Montgomery Scott LLC’s holdings in Bain Capital Specialty Finance were worth $1,264,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BCSF. Mutual Advisors LLC boosted its position in Bain Capital Specialty Finance by 5.1% in the 1st quarter. Mutual Advisors LLC now owns 15,762 shares of the company’s stock valued at $245,000 after buying an additional 768 shares during the last quarter. Advisor OS LLC lifted its stake in shares of Bain Capital Specialty Finance by 4.9% in the first quarter. Advisor OS LLC now owns 20,457 shares of the company’s stock worth $340,000 after acquiring an additional 958 shares in the last quarter. Comerica Bank boosted its holdings in Bain Capital Specialty Finance by 6.6% in the first quarter. Comerica Bank now owns 18,160 shares of the company’s stock valued at $301,000 after purchasing an additional 1,131 shares during the last quarter. Triumph Capital Management grew its stake in Bain Capital Specialty Finance by 3.3% during the 1st quarter. Triumph Capital Management now owns 52,361 shares of the company’s stock valued at $869,000 after purchasing an additional 1,675 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Bain Capital Specialty Finance by 13.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 14,560 shares of the company’s stock worth $219,000 after purchasing an additional 1,705 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Bain Capital Specialty Finance from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $16.50.

Bain Capital Specialty Finance Trading Down 0.8%

Shares of NYSE BCSF opened at $13.31 on Monday. The company has a quick ratio of 3.63, a current ratio of 3.63 and a debt-to-equity ratio of 1.37. The stock’s 50 day moving average price is $14.94 and its two-hundred day moving average price is $15.15. Bain Capital Specialty Finance, Inc. has a 52-week low of $13.20 and a 52-week high of $19.21. The stock has a market capitalization of $863.41 million, a P/E ratio of 8.02 and a beta of 0.81.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its earnings results on Tuesday, August 5th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. The company had revenue of $70.97 million during the quarter, compared to analyst estimates of $67.88 million. Bain Capital Specialty Finance had a return on equity of 11.41% and a net margin of 37.90%. On average, analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current fiscal year.

Bain Capital Specialty Finance 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.