UBS Group AG increased its stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF – Free Report) by 7.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,607,210 shares of the company’s stock after purchasing an additional 114,883 shares during the quarter. UBS Group AG’s holdings in Bain Capital Specialty Finance were worth $22,356,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. CANADA LIFE ASSURANCE Co lifted its position in Bain Capital Specialty Finance by 1.4% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 51,245 shares of the company’s stock worth $771,000 after acquiring an additional 723 shares in the last quarter. CFO4Life Group LLC grew its position in Bain Capital Specialty Finance by 2.9% in the third quarter. CFO4Life Group LLC now owns 31,813 shares of the company’s stock valued at $453,000 after acquiring an additional 905 shares in the last quarter. Diversify Advisory Services LLC raised its stake in shares of Bain Capital Specialty Finance by 5.4% during the second quarter. Diversify Advisory Services LLC now owns 23,143 shares of the company’s stock valued at $351,000 after purchasing an additional 1,193 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Bain Capital Specialty Finance by 3.0% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 43,977 shares of the company’s stock worth $661,000 after purchasing an additional 1,275 shares in the last quarter. Finally, Meridian Investment Counsel Inc. boosted its stake in shares of Bain Capital Specialty Finance by 7.7% in the fourth quarter. Meridian Investment Counsel Inc. now owns 18,816 shares of the company’s stock valued at $262,000 after purchasing an additional 1,340 shares during the period.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Bain Capital Specialty Finance from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 3rd. Keefe, Bruyette & Woods lowered their target price on Bain Capital Specialty Finance from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.00.
Bain Capital Specialty Finance Stock Performance
Bain Capital Specialty Finance stock opened at $13.31 on Tuesday. Bain Capital Specialty Finance, Inc. has a 52 week low of $11.82 and a 52 week high of $16.00. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.32. The stock has a market cap of $863.48 million, a P/E ratio of 8.70 and a beta of 0.59. The stock has a 50 day moving average of $12.83 and a 200-day moving average of $13.47.
Bain Capital Specialty Finance (NYSE:BCSF – Get Free Report) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). Bain Capital Specialty Finance had a net margin of 36.14% and a return on equity of 10.74%. The company had revenue of $42.20 million during the quarter, compared to analyst estimates of $65.58 million. On average, analysts expect that Bain Capital Specialty Finance, Inc. will post 1.63 EPS for the current fiscal year.
Bain Capital Specialty Finance Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.42 per share. The ex-dividend date is Monday, June 15th. This represents a $1.68 annualized dividend and a yield of 12.6%. Bain Capital Specialty Finance’s dividend payout ratio is presently 109.80%.
Bain Capital Specialty Finance Company Profile
Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.
The firm’s core business activities include direct lending to U.S.
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