According to Zacks, “Bain Capital Specialty Finance Inc. is a business development company. It focuses on investment in middle-market companies. Bain Capital Specialty Finance Inc. is based in Boston, United States. “
Separately, JMP Securities started coverage on shares of Bain Capital Specialty Finance in a report on Wednesday, April 24th. They issued a “market perform” rating on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Bain Capital Specialty Finance currently has an average rating of “Buy” and an average price target of $20.25.
Shares of Bain Capital Specialty Finance stock opened at $19.10 on Wednesday. Bain Capital Specialty Finance has a 1 year low of $15.14 and a 1 year high of $20.90. The stock has a market cap of $970.50 million and a price-to-earnings ratio of 13.17.
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. Bain Capital Specialty Finance had a net margin of 44.85% and a return on equity of 7.23%. The company had revenue of $33.75 million for the quarter, compared to analysts’ expectations of $35.65 million. On average, equities analysts anticipate that Bain Capital Specialty Finance will post 1.73 earnings per share for the current year.
In other news, insider Michael A. Ewald purchased 1,343 shares of the stock in a transaction dated Tuesday, February 19th. The shares were acquired at an average cost of $19.92 per share, for a total transaction of $26,752.56. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders bought a total of 5,159 shares of company stock worth $103,555 over the last 90 days. Company insiders own 0.15% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can purchased a new position in shares of Bain Capital Specialty Finance in the 1st quarter valued at approximately $46,000. Wells Fargo & Company MN purchased a new position in shares of Bain Capital Specialty Finance in the 1st quarter valued at approximately $131,000. Virtu Financial LLC purchased a new position in shares of Bain Capital Specialty Finance in the 1st quarter valued at approximately $198,000. Stifel Financial Corp purchased a new position in shares of Bain Capital Specialty Finance in the 4th quarter valued at approximately $224,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Bain Capital Specialty Finance in the 4th quarter valued at approximately $234,000. Institutional investors and hedge funds own 9.36% of the company’s stock.
About Bain Capital Specialty Finance
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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