Franklin Resources Inc. Acquires 26,983 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Franklin Resources Inc. boosted its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 314,873 shares of the company’s stock after buying an additional 26,983 shares during the quarter. Franklin Resources Inc.’s holdings in Bain Capital Specialty Finance were worth $5,517,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BCSF. CFO4Life Group LLC increased its position in Bain Capital Specialty Finance by 2.5% in the fourth quarter. CFO4Life Group LLC now owns 31,499 shares of the company’s stock worth $552,000 after buying an additional 769 shares in the last quarter. Cooper Financial Group grew its stake in shares of Bain Capital Specialty Finance by 7.5% during the 4th quarter. Cooper Financial Group now owns 15,064 shares of the company’s stock valued at $264,000 after acquiring an additional 1,053 shares during the period. Prairiewood Capital LLC increased its holdings in Bain Capital Specialty Finance by 8.6% in the 4th quarter. Prairiewood Capital LLC now owns 15,211 shares of the company’s stock worth $266,000 after acquiring an additional 1,201 shares in the last quarter. Mascoma Wealth Management LLC bought a new stake in Bain Capital Specialty Finance during the 4th quarter worth approximately $29,000. Finally, LPL Financial LLC lifted its holdings in Bain Capital Specialty Finance by 5.6% during the fourth quarter. LPL Financial LLC now owns 33,911 shares of the company’s stock valued at $594,000 after purchasing an additional 1,805 shares in the last quarter.

Insider Buying and Selling

In other Bain Capital Specialty Finance news, Director Clare Stack Richer purchased 1,530 shares of Bain Capital Specialty Finance stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average price of $16.43 per share, for a total transaction of $25,137.90. Following the completion of the transaction, the director now owns 20,835 shares of the company’s stock, valued at approximately $342,319.05. This trade represents a 7.93 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.59% of the stock is owned by company insiders.

Bain Capital Specialty Finance Stock Down 4.2 %

NYSE BCSF opened at $14.30 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. Bain Capital Specialty Finance, Inc. has a 12 month low of $13.20 and a 12 month high of $19.21. The stock’s 50 day moving average is $17.13 and its 200 day moving average is $17.10. The stock has a market cap of $924.12 million, a PE ratio of 7.19 and a beta of 0.79.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its earnings results on Thursday, February 27th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $73.30 million during the quarter, compared to analyst estimates of $67.50 million. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. Research analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.12 annualized dividend and a dividend yield of 0.84%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is 90.81%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BCSF. Keefe, Bruyette & Woods reduced their price objective on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Tuesday. Wells Fargo & Company increased their price target on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd.

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.