Starr International Co. Inc. Acquires 15,519 Shares of Bain Capital Specialty Finance Inc (NYSE:BCSF)

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Starr International Co. Inc. boosted its stake in shares of Bain Capital Specialty Finance Inc (NYSE:BCSF) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 704,792 shares of the company’s stock after purchasing an additional 15,519 shares during the period. Bain Capital Specialty Finance makes up approximately 5.9% of Starr International Co. Inc.’s portfolio, making the stock its 4th biggest holding. Starr International Co. Inc.’s holdings in Bain Capital Specialty Finance were worth $13,370,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Dimension Capital Management LLC increased its position in shares of Bain Capital Specialty Finance by 452.1% in the second quarter. Dimension Capital Management LLC now owns 4,115,926 shares of the company’s stock worth $76,636,000 after acquiring an additional 3,370,479 shares in the last quarter. UBS Group AG increased its position in shares of Bain Capital Specialty Finance by 2,595.2% in the second quarter. UBS Group AG now owns 2,683,754 shares of the company’s stock worth $49,972,000 after acquiring an additional 2,584,177 shares in the last quarter. Colony Group LLC acquired a new stake in shares of Bain Capital Specialty Finance in the second quarter worth $14,239,000. HighTower Advisors LLC acquired a new stake in shares of Bain Capital Specialty Finance in the second quarter worth $11,772,000. Finally, C.V. Starr & Co. Inc. Trust increased its position in shares of Bain Capital Specialty Finance by 2.3% in the third quarter. C.V. Starr & Co. Inc. Trust now owns 352,396 shares of the company’s stock worth $6,685,000 after acquiring an additional 7,759 shares in the last quarter. 35.06% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research raised shares of Bain Capital Specialty Finance from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $20.25.

Shares of Bain Capital Specialty Finance stock traded down $0.13 during trading hours on Friday, hitting $18.58. The company’s stock had a trading volume of 8,274 shares, compared to its average volume of 177,353. Bain Capital Specialty Finance Inc has a 1-year low of $15.14 and a 1-year high of $20.90. The business has a fifty day moving average of $18.70 and a 200 day moving average of $18.87. The company has a market capitalization of $966.37 million and a PE ratio of 12.81.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The business had revenue of $50.60 million during the quarter, compared to analyst estimates of $44.28 million. Bain Capital Specialty Finance had a return on equity of 8.27% and a net margin of 44.83%. Analysts anticipate that Bain Capital Specialty Finance Inc will post 1.65 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Monday, September 30th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 8.83%. The ex-dividend date of this dividend is Friday, September 27th. Bain Capital Specialty Finance’s payout ratio is 113.10%.

In other news, insider Michael A. Ewald purchased 27,483 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was acquired at an average cost of $18.21 per share, with a total value of $500,465.43. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, VP Michael John Boyle purchased 4,150 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average cost of $18.34 per share, with a total value of $76,111.00. Following the completion of the acquisition, the vice president now owns 18,620 shares in the company, valued at approximately $341,490.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 37,050 shares of company stock valued at $676,574. Company insiders own 0.21% of the company’s stock.

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

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