Bank of New York Mellon Corp acquired a new position in shares of Bain Capital Specialty Finance Inc (NYSE:BCSF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,981 shares of the company’s stock, valued at approximately $234,000.
Separately, Mission Wealth Management LP bought a new position in Bain Capital Specialty Finance during the fourth quarter worth $355,000. 9.34% of the stock is owned by institutional investors and hedge funds.
In related news, Director Jeffrey B. Hawkins bought 1,271 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The shares were acquired at an average cost of $19.89 per share, with a total value of $25,280.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael A. Ewald acquired 1,343 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was acquired at an average cost of $19.92 per share, for a total transaction of $26,752.56. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 13,582 shares of company stock worth $271,312. 0.15% of the stock is owned by insiders.
Several brokerages recently issued reports on BCSF. JMP Securities began coverage on shares of Bain Capital Specialty Finance in a research note on Wednesday, April 24th. They set a “market perform” rating on the stock. Zacks Investment Research lowered shares of Bain Capital Specialty Finance from a “hold” rating to a “sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $20.25.
Shares of NYSE BCSF opened at $19.60 on Thursday. The firm has a market cap of $1.02 billion and a P/E ratio of 13.52. Bain Capital Specialty Finance Inc has a 12-month low of $15.14 and a 12-month high of $20.90.
Bain Capital Specialty Finance (NYSE:BCSF) last issued its earnings results on Thursday, February 28th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The business had revenue of $33.75 million for the quarter, compared to analyst estimates of $35.65 million. Bain Capital Specialty Finance had a net margin of 26.82% and a return on equity of 6.87%. On average, analysts predict that Bain Capital Specialty Finance Inc will post 1.74 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 8.37%. The ex-dividend date of this dividend was Thursday, March 28th. Bain Capital Specialty Finance’s dividend payout ratio is presently 113.10%.
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Bain Capital Specialty Finance Profile
Bain Capital Specialty Finance, Inc operates as a business development company (BDC) 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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