Strategic Financial Concepts LLC Buys New Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Strategic Financial Concepts LLC purchased a new position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 64,771 shares of the company’s stock, valued at approximately $1,135,000. Strategic Financial Concepts LLC owned 0.10% of Bain Capital Specialty Finance as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its position in Bain Capital Specialty Finance by 1,551.4% during the third quarter. International Assets Investment Management LLC now owns 526,706 shares of the company’s stock worth $87,430,000 after acquiring an additional 494,812 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in Bain Capital Specialty Finance by 10.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 465,868 shares of the company’s stock worth $7,733,000 after purchasing an additional 43,794 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Bain Capital Specialty Finance by 10.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 22,537 shares of the company’s stock worth $374,000 after purchasing an additional 2,144 shares during the last quarter. Diversify Advisory Services LLC increased its holdings in shares of Bain Capital Specialty Finance by 10.0% during the 3rd quarter. Diversify Advisory Services LLC now owns 21,729 shares of the company’s stock worth $366,000 after purchasing an additional 1,978 shares during the period. Finally, Farther Finance Advisors LLC acquired a new position in shares of Bain Capital Specialty Finance during the third quarter valued at about $182,000.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lifted their target price on Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th.

Bain Capital Specialty Finance Stock Performance

BCSF opened at $18.52 on Wednesday. The stock’s 50 day simple moving average is $17.62 and its 200-day simple moving average is $17.03. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. The stock has a market cap of $1.20 billion, a PE ratio of 9.31 and a beta of 1.10. Bain Capital Specialty Finance, Inc. has a 1 year low of $15.21 and a 1 year high of $18.54.

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.