Bain Capital Specialty Finance, Inc. $BCSF Shares Acquired by Melia Wealth LLC

Melia Wealth LLC lifted its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 990,732 shares of the company’s stock after buying an additional 58,815 shares during the period. Bain Capital Specialty Finance makes up approximately 7.1% of Melia Wealth LLC’s holdings, making the stock its 6th largest position. Melia Wealth LLC’s holdings in Bain Capital Specialty Finance were worth $14,901,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Bain Capital Specialty Finance during the first quarter worth about $100,000. MQS Management LLC purchased a new position in Bain Capital Specialty Finance during the first quarter worth about $176,000. U.S. Capital Wealth Advisors LLC purchased a new position in Bain Capital Specialty Finance during the second quarter worth about $185,000. Jump Financial LLC purchased a new position in Bain Capital Specialty Finance during the first quarter worth about $200,000. Finally, Cooper Financial Group raised its holdings in Bain Capital Specialty Finance by 14.4% during the second quarter. Cooper Financial Group now owns 13,597 shares of the company’s stock worth $205,000 after purchasing an additional 1,716 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Bain Capital Specialty Finance from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $16.50.

Bain Capital Specialty Finance Stock Up 3.2%

BCSF stock opened at $13.70 on Tuesday. The company’s 50 day simple moving average is $14.92 and its 200-day simple moving average is $15.12. The firm has a market capitalization of $888.98 million, a PE ratio of 8.26 and a beta of 0.81. Bain Capital Specialty Finance, Inc. has a 12 month low of $13.20 and a 12 month high of $19.21. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.63 and a quick ratio of 3.63.

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

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.