12,655 Shares in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Bought by First Affirmative Financial Network

First Affirmative Financial Network purchased a new stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,655 shares of the company’s stock, valued at approximately $171,000.

Other hedge funds also recently made changes to their positions in the company. Putnam Investments LLC raised its holdings in shares of Bain Capital Specialty Finance by 255.6% in the 1st quarter. Putnam Investments LLC now owns 57,632 shares of the company’s stock worth $687,000 after buying an additional 41,427 shares in the last quarter. Arete Wealth Advisors LLC acquired a new position in Bain Capital Specialty Finance during the first quarter worth $4,296,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Bain Capital Specialty Finance by 19.0% during the first quarter. Rockefeller Capital Management L.P. now owns 129,479 shares of the company’s stock valued at $1,543,000 after acquiring an additional 20,650 shares during the period. Ares Management LLC boosted its stake in shares of Bain Capital Specialty Finance by 53.6% in the 1st quarter. Ares Management LLC now owns 180,142 shares of the company’s stock valued at $2,147,000 after purchasing an additional 62,848 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Bain Capital Specialty Finance by 7.3% in the 1st quarter. Bank of America Corp DE now owns 4,090,054 shares of the company’s stock worth $48,753,000 after purchasing an additional 279,708 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wells Fargo & Company boosted 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 research report on Thursday, August 10th. Citigroup boosted their target price on Bain Capital Specialty Finance from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, August 10th. Finally, TheStreet raised Bain Capital Specialty Finance from a “c+” rating to a “b-” rating in a report on Monday, June 26th.

Bain Capital Specialty Finance Stock Performance

Shares of NYSE:BCSF opened at $16.13 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.84 and a quick ratio of 4.84. Bain Capital Specialty Finance, Inc. has a 12 month low of $11.06 and a 12 month high of $16.19. The company’s 50-day moving average price is $15.09 and its two-hundred day moving average price is $13.37.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.48 by $0.12. Bain Capital Specialty Finance had a net margin of 41.01% and a return on equity of 11.24%. The business had revenue of $75.72 million for the quarter. On average, sell-side analysts predict that Bain Capital Specialty Finance, Inc. will post 2.23 EPS for the current year.

Bain Capital Specialty Finance Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be issued a $0.42 dividend. This is a boost from Bain Capital Specialty Finance’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, September 28th. This represents a $1.68 annualized dividend and a yield of 10.42%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) 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.