Arete Wealth Advisors LLC Takes Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Arete Wealth Advisors LLC bought a new position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 360,373 shares of the company’s stock, valued at approximately $4,296,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its holdings in Bain Capital Specialty Finance by 949.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,613 shares of the company’s stock valued at $31,000 after purchasing an additional 2,364 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Bain Capital Specialty Finance in the second quarter valued at $36,000. Quantbot Technologies LP bought a new position in shares of Bain Capital Specialty Finance in the second quarter valued at about $45,000. Parallel Advisors LLC grew its holdings in Bain Capital Specialty Finance by 78.0% during the 1st quarter. Parallel Advisors LLC now owns 4,450 shares of the company’s stock worth $53,000 after acquiring an additional 1,950 shares during the last quarter. Finally, Van Hulzen Asset Management LLC acquired a new stake in Bain Capital Specialty Finance in the 1st quarter valued at about $122,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BCSF. Wells Fargo & Company raised their price target on shares of Bain Capital Specialty Finance from $13.25 to $13.75 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Citigroup lifted their price target on shares of Bain Capital Specialty Finance from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, August 10th. Finally, TheStreet raised shares of Bain Capital Specialty Finance from a “c+” rating to a “b-” rating in a research note on Monday, June 26th.

Bain Capital Specialty Finance Stock Performance

Shares of NYSE:BCSF opened at $15.81 on Wednesday. The company has a quick ratio of 4.84, a current ratio of 4.84 and a debt-to-equity ratio of 1.32. Bain Capital Specialty Finance, Inc. has a 52 week low of $11.06 and a 52 week high of $16.12. The company has a 50 day moving average price of $14.95 and a two-hundred day moving average price of $13.31.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.12. Bain Capital Specialty Finance had a return on equity of 11.24% and a net margin of 41.01%. The business had revenue of $75.72 million during the quarter. As a group, analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.23 EPS for the current year.

Bain Capital Specialty Finance Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be given a $0.42 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 10.63%. This is an increase from Bain Capital Specialty Finance’s previous quarterly dividend of $0.38. Bain Capital Specialty Finance’s payout ratio is currently 87.36%.

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.