International Assets Investment Management LLC Has $7.19 Million Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

International Assets Investment Management LLC increased its stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 1,549.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 476,920 shares of the company’s stock after purchasing an additional 448,003 shares during the quarter. International Assets Investment Management LLC’s holdings in Bain Capital Specialty Finance were worth $7,187,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BCSF. Bank of America Corp DE lifted its holdings in shares of Bain Capital Specialty Finance by 7.3% during the first quarter. Bank of America Corp DE now owns 4,090,054 shares of the company’s stock worth $48,753,000 after buying an additional 279,708 shares during the last quarter. Dimension Capital Management LLC grew its holdings in shares of Bain Capital Specialty Finance by 0.3% during the third quarter. Dimension Capital Management LLC now owns 3,660,371 shares of the company’s stock worth $56,040,000 after purchasing an additional 10,646 shares during the last quarter. Melia Wealth LLC bought a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth $14,327,000. Van ECK Associates Corp grew its holdings in shares of Bain Capital Specialty Finance by 6.6% during the third quarter. Van ECK Associates Corp now owns 738,990 shares of the company’s stock worth $11,314,000 after purchasing an additional 45,973 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Bain Capital Specialty Finance by 1,760.5% during the fourth quarter. Millennium Management LLC now owns 608,125 shares of the company’s stock worth $7,237,000 after purchasing an additional 575,439 shares during the last quarter.

Analysts Set New Price Targets

Separately, Wells Fargo & Company increased their target price on Bain Capital Specialty Finance from $13.75 to $14.50 and gave the stock an “equal weight” rating in a report on Monday, January 29th.

Bain Capital Specialty Finance Trading Down 0.3 %

Shares of BCSF stock opened at $15.71 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.18 and a current ratio of 2.18. Bain Capital Specialty Finance, Inc. has a 52 week low of $11.06 and a 52 week high of $16.80. The stock’s fifty day moving average is $15.55 and its 200-day moving average is $15.35.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. Bain Capital Specialty Finance had a return on equity of 12.54% and a net margin of 41.43%. The business had revenue of $74.95 million for the quarter. As a group, sell-side analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.07 EPS for the current year.

Bain Capital Specialty Finance Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a dividend of $0.45 per share. This is a positive change from Bain Capital Specialty Finance’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.80 annualized dividend and a yield of 11.46%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 88.42%.

Bain Capital Specialty Finance Company 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.