Closed End Fund Advisors Inc. bought a new stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 422,810 shares of the company’s stock, valued at approximately $5,881,000. Bain Capital Specialty Finance makes up about 3.5% of Closed End Fund Advisors Inc.’s investment portfolio, making the stock its 2nd largest position.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Bain Capital Specialty Finance by 255.5% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 156,337 shares of the company’s stock valued at $2,175,000 after purchasing an additional 112,360 shares in the last quarter. Texas Yale Capital Corp. lifted its holdings in shares of Bain Capital Specialty Finance by 5.1% during the 4th quarter. Texas Yale Capital Corp. now owns 159,472 shares of the company’s stock worth $2,218,000 after acquiring an additional 7,747 shares during the period. Melia Wealth LLC lifted its holdings in shares of Bain Capital Specialty Finance by 1.0% during the 4th quarter. Melia Wealth LLC now owns 1,134,211 shares of the company’s stock worth $15,777,000 after acquiring an additional 10,982 shares during the period. Legal & General Group Plc lifted its holdings in shares of Bain Capital Specialty Finance by 18.0% during the 4th quarter. Legal & General Group Plc now owns 461,850 shares of the company’s stock worth $6,431,000 after acquiring an additional 70,398 shares during the period. Finally, CFO4Life Group LLC lifted its holdings in shares of Bain Capital Specialty Finance by 3.0% during the 4th quarter. CFO4Life Group LLC now owns 32,775 shares of the company’s stock worth $456,000 after acquiring an additional 962 shares during the period.
Bain Capital Specialty Finance Trading Down 3.2%
NYSE BCSF opened at $12.80 on Friday. Bain Capital Specialty Finance, Inc. has a one year low of $11.82 and a one year high of $16.00. The company’s 50 day moving average price is $13.13 and its 200 day moving average price is $13.38. The company has a debt-to-equity ratio of 1.33, a quick ratio of 2.17 and a current ratio of 2.17. The firm has a market capitalization of $830.60 million, a price-to-earnings ratio of 11.23 and a beta of 0.57.
Bain Capital Specialty Finance Dividend Announcement
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 given a $0.42 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.68 annualized dividend and a yield of 13.1%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is 147.37%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on BCSF shares. Keefe, Bruyette & Woods cut their price objective on shares of Bain Capital Specialty Finance from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Wells Fargo & Company cut their price objective on Bain Capital Specialty Finance from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 3rd. 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.00.
Get Our Latest Stock Analysis on Bain Capital Specialty Finance
Bain Capital Specialty Finance 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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