Garner Asset Management Corp Grows Stock Position in Bain Capital Specialty Finance, Inc. $BCSF

Garner Asset Management Corp increased its position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 162.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,515 shares of the company’s stock after purchasing an additional 47,378 shares during the quarter. Garner Asset Management Corp’s holdings in Bain Capital Specialty Finance were worth $1,151,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC boosted its stake in Bain Capital Specialty Finance by 38.8% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,682 shares of the company’s stock worth $40,000 after purchasing an additional 750 shares during the last quarter. CFO4Life Group LLC lifted its stake in shares of Bain Capital Specialty Finance by 2.8% in the second quarter. CFO4Life Group LLC now owns 30,908 shares of the company’s stock worth $465,000 after buying an additional 836 shares in the last quarter. Comerica Bank boosted its position in Bain Capital Specialty Finance by 6.6% during the first quarter. Comerica Bank now owns 18,160 shares of the company’s stock worth $301,000 after acquiring an additional 1,131 shares during the last quarter. Canton Hathaway LLC boosted its position in Bain Capital Specialty Finance by 4.6% during the second quarter. Canton Hathaway LLC now owns 27,375 shares of the company’s stock worth $412,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in Bain Capital Specialty Finance by 52.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,604 shares of the company’s stock valued at $54,000 after acquiring an additional 1,241 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Bain Capital Specialty Finance from $17.00 to $16.00 and set a “market perform” rating on the stock in a research note on Thursday, November 13th. Wells Fargo & Company reduced their price objective on Bain Capital Specialty Finance from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 12th. Finally, Zacks Research lowered Bain Capital Specialty Finance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Bain Capital Specialty Finance presently has an average rating of “Hold” and an average price target of $15.50.

Bain Capital Specialty Finance Stock Up 0.5%

BCSF stock opened at $14.27 on Thursday. Bain Capital Specialty Finance, Inc. has a one year low of $13.20 and a one year high of $19.21. The firm has a market cap of $925.50 million, a PE ratio of 9.91 and a beta of 0.78. The firm’s 50 day moving average price is $14.05 and its 200-day moving average price is $14.88. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.78 and a current ratio of 1.78.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its earnings results on Monday, November 10th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. Bain Capital Specialty Finance had a return on equity of 11.03% and a net margin of 33.45%.The company had revenue of $67.20 million during the quarter, compared to analysts’ expectations of $69.53 million. On average, equities research analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

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.