Concurrent Investment Advisors LLC Takes $286,000 Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Concurrent Investment Advisors LLC bought a new position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,234 shares of the company’s stock, valued at approximately $286,000.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of Bain Capital Specialty Finance by 1,551.4% in the 3rd quarter. International Assets Investment Management LLC now owns 526,706 shares of the company’s stock valued at $87,430,000 after purchasing an additional 494,812 shares during the last quarter. Van ECK Associates Corp grew its position in Bain Capital Specialty Finance by 18.4% during the second quarter. Van ECK Associates Corp now owns 1,049,379 shares of the company’s stock valued at $17,116,000 after acquiring an additional 162,956 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Bain Capital Specialty Finance by 33.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 317,318 shares of the company’s stock worth $5,175,000 after acquiring an additional 80,192 shares during the last quarter. Deerfield Management Company L.P. Series C raised its holdings in shares of Bain Capital Specialty Finance by 213.8% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 79,569 shares of the company’s stock worth $1,298,000 after purchasing an additional 54,213 shares during the period. Finally, LSV Asset Management purchased a new position in shares of Bain Capital Specialty Finance in the 1st quarter worth about $847,000.

Bain Capital Specialty Finance Price Performance

Shares of NYSE BCSF opened at $17.04 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.80. Bain Capital Specialty Finance, Inc. has a 1-year low of $14.75 and a 1-year high of $17.25. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 8.56 and a beta of 1.13. The business has a 50-day moving average of $16.82 and a 200-day moving average of $16.58.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.03. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The company had revenue of $72.54 million during the quarter. During the same period last year, the business earned $0.55 EPS. On average, equities analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $17.00 target price on shares of Bain Capital Specialty Finance in a research note on Wednesday, August 21st.

Bain Capital Specialty Finance 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.