Bain Capital Specialty Finance, Inc. $BCSF Stock Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC grew its position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 257.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 100,000 shares of the company’s stock after acquiring an additional 72,036 shares during the period. International Assets Investment Management LLC’s holdings in Bain Capital Specialty Finance were worth $1,104,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC purchased a new position in shares of Bain Capital Specialty Finance in the 3rd quarter valued at approximately $132,000. Straight Path Wealth Management bought a new stake in shares of Bain Capital Specialty Finance during the third quarter valued at approximately $221,000. Foster Victor Wealth Advisors LLC grew its stake in Bain Capital Specialty Finance by 6.4% in the third quarter. Foster Victor Wealth Advisors LLC now owns 33,278 shares of the company’s stock worth $335,000 after purchasing an additional 2,000 shares during the period. Pension & Wealth Management Advisors Inc. grew its stake in Bain Capital Specialty Finance by 2,678.5% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 3,362 shares of the company’s stock worth $37,000 after purchasing an additional 3,241 shares during the period. Finally, State of Alaska Department of Revenue bought a new position in Bain Capital Specialty Finance in the third quarter worth $28,000.

Bain Capital Specialty Finance Price Performance

BCSF stock opened at $11.24 on Thursday. The firm has a 50 day moving average price of $11.03 and a 200-day moving average price of $12.42. Bain Capital Specialty Finance, Inc. has a 52-week low of $9.99 and a 52-week high of $14.70. The firm has a market capitalization of $729.46 million, a price-to-earnings ratio of 11.36 and a beta of 0.59. The company has a debt-to-equity ratio of 1.39, a quick ratio of 7.20 and a current ratio of 7.20.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $47.80 million for the quarter, compared to analysts’ expectations of $64.44 million. Bain Capital Specialty Finance had a return on equity of 10.40% and a net margin of 24.22%. Equities research analysts forecast that Bain Capital Specialty Finance, Inc. will post 1.64 EPS for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.42 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.68 dividend on an annualized basis and a yield of 14.9%. Bain Capital Specialty Finance’s payout ratio is presently 169.70%.

Wall Street Analysts Forecast Growth

BCSF has been the subject of several recent research reports. Wells Fargo & Company lowered their price objective on Bain Capital Specialty Finance from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 12th. Noble Financial initiated coverage on shares of Bain Capital Specialty Finance in a research report on Friday, September 18th. They issued a “neutral” rating on the stock. Loop Capital set a $12.50 target price on shares of Bain Capital Specialty Finance in a research report on Friday, September 18th. Jefferies Financial Group set a $13.00 price target on shares of Bain Capital Specialty Finance in a research note on Monday, August 17th. Finally, Zacks Research raised shares of Bain Capital Specialty Finance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. Four analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.60.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance, Inc (NYSE: BCSF) is a business development company that provides financing to middle-market companies. The company primarily invests in privately negotiated debt investments, with an emphasis on senior secured loans, including first-lien and unitranche facilities. It may also invest in second-lien debt and, to a lesser extent, equity securities.

BCSF seeks to support companies that are generally sponsored by private equity firms and operates across a range of industries.