190,414 Bain Capital Specialty Finance, Inc. $BCSF Shares Purchased by Columbus Macro LLC

Columbus Macro LLC increased its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 42.2% in the 3rd quarter, Holdings Channel reports. The firm owned 641,723 shares of the company’s stock after buying an additional 190,414 shares during the period. Columbus Macro LLC’s holdings in Bain Capital Specialty Finance were worth $7,085,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. First Heartland Consultants Inc. lifted its position in Bain Capital Specialty Finance by 15.6% during the third quarter. First Heartland Consultants Inc. now owns 11,709 shares of the company’s stock valued at $129,000 after purchasing an additional 1,581 shares during the period. Farther Finance Advisors LLC grew its position in Bain Capital Specialty Finance by 39.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 51,975 shares of the company’s stock worth $574,000 after purchasing an additional 14,595 shares during the period. Confluence Investment Management LLC grew its position in Bain Capital Specialty Finance by 2.9% in the 3rd quarter. Confluence Investment Management LLC now owns 90,153 shares of the company’s stock worth $995,000 after purchasing an additional 2,523 shares during the period. Corient Private Wealth LP bought a new stake in Bain Capital Specialty Finance in the 2nd quarter worth approximately $126,000. Finally, Hennion & Walsh Asset Management Inc. raised its stake in Bain Capital Specialty Finance by 4.0% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 370,141 shares of the company’s stock valued at $4,634,000 after buying an additional 14,238 shares during the last quarter.

Wall Street Analysts Forecast Growth

BCSF has been the topic of several research analyst reports. Jefferies Financial Group set a $13.00 price target on Bain Capital Specialty Finance in a report on Monday, August 17th. Zacks Research downgraded Bain Capital Specialty Finance from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 18th. Loop Capital set a $12.50 price objective on Bain Capital Specialty Finance in a report on Friday, September 18th. Noble Financial initiated coverage on Bain Capital Specialty Finance in a research note on Friday, September 18th. They set a “neutral” rating for the company. Finally, Wells Fargo & Company cut their price target on Bain Capital Specialty Finance from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 12th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $12.60.

Bain Capital Specialty Finance Price Performance

Bain Capital Specialty Finance stock traded down $0.17 during mid-day trading on Wednesday, hitting $10.45. The stock had a trading volume of 788,708 shares, compared to its average volume of 453,109. Bain Capital Specialty Finance, Inc. has a one year low of $10.43 and a one year high of $14.70. The company has a current ratio of 7.20, a quick ratio of 7.20 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $678.15 million, a P/E ratio of 10.56 and a beta of 0.60. The firm’s 50 day moving average is $11.65 and its 200 day moving average is $12.45.

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

Bain Capital Specialty Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were given a dividend of $0.42 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.68 annualized dividend and a dividend yield of 16.1%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is currently 169.70%.

Bain Capital Specialty Finance Profile

Bain Capital Specialty Finance, Inc (NYSE: BCSF) is a business development company that invests primarily in privately originated senior secured debt of middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation through investments in businesses across a range of industries.

BCSF’s portfolio generally includes first-lien and second-lien loans, unitranche debt and other credit investments. It may also make equity investments, including warrants and preferred or common equity, in connection with its lending activities.