J.W. Cole Advisors Inc. Acquires Shares of 28,188 Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

J.W. Cole Advisors Inc. purchased a new position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSFGet Rating) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 28,188 shares of the company’s stock, valued at approximately $110,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of America Corp DE grew its stake in shares of Bain Capital Specialty Finance by 31.8% during the 1st quarter. Bank of America Corp DE now owns 3,257,456 shares of the company’s stock worth $50,784,000 after purchasing an additional 786,685 shares during the period. Neuberger Berman Group LLC grew its stake in shares of Bain Capital Specialty Finance by 45.3% during the 1st quarter. Neuberger Berman Group LLC now owns 48,553 shares of the company’s stock worth $757,000 after purchasing an additional 15,145 shares during the period. Royal Bank of Canada boosted its position in shares of Bain Capital Specialty Finance by 13.9% in the 1st quarter. Royal Bank of Canada now owns 57,779 shares of the company’s stock worth $901,000 after buying an additional 7,033 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Bain Capital Specialty Finance in the 1st quarter worth about $194,000. Finally, First Republic Investment Management Inc. purchased a new stake in shares of Bain Capital Specialty Finance in the 1st quarter worth about $671,000. 49.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on BCSF. TheStreet lowered shares of Bain Capital Specialty Finance from a “b-” rating to a “c” rating in a research report on Tuesday, August 23rd. Wells Fargo & Company lowered shares of Bain Capital Specialty Finance from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $15.00 to $13.00 in a research report on Monday, July 25th.

Insider Buying and Selling at Bain Capital Specialty Finance

In other news, Director Clare Stack Richer bought 3,400 shares of Bain Capital Specialty Finance stock in a transaction on Wednesday, August 10th. The shares were bought at an average cost of $14.59 per share, for a total transaction of $49,606.00. Following the acquisition, the director now owns 16,784 shares in the company, valued at $244,878.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by insiders.

Bain Capital Specialty Finance Price Performance

Bain Capital Specialty Finance stock opened at $14.13 on Thursday. The firm has a market capitalization of $912.23 million, a PE ratio of 9.42 and a beta of 1.21. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.12. The firm’s 50-day simple moving average is $14.51 and its 200 day simple moving average is $14.84. Bain Capital Specialty Finance, Inc. has a 52 week low of $13.38 and a 52 week high of $16.28.

Bain Capital Specialty Finance (NYSE:BCSFGet Rating) last released its earnings results on Wednesday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Bain Capital Specialty Finance had a net margin of 48.40% and a return on equity of 8.33%. During the same period last year, the business posted $0.34 EPS. On average, equities research analysts predict that Bain Capital Specialty Finance, Inc. will post 1.47 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 Friday, October 28th. Shareholders of record on Friday, September 30th will be issued a $0.34 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.36 dividend on an annualized basis and a yield of 9.62%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is 90.67%.

Bain Capital Specialty Finance Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Bain Capital Specialty Finance (NYSE:BCSF)

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