Koshinski Asset Management Inc. Boosts Stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Koshinski Asset Management Inc. boosted its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 73.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,052 shares of the company’s stock after purchasing an additional 11,910 shares during the period. Koshinski Asset Management Inc.’s holdings in Bain Capital Specialty Finance were worth $423,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Tower Research Capital LLC TRC grew its position in shares of Bain Capital Specialty Finance by 949.4% during the third quarter. Tower Research Capital LLC TRC now owns 2,613 shares of the company’s stock worth $31,000 after purchasing an additional 2,364 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Bain Capital Specialty Finance during the second quarter valued at approximately $36,000. Quantbot Technologies LP purchased a new position in shares of Bain Capital Specialty Finance in the second quarter worth $45,000. Comerica Bank bought a new position in shares of Bain Capital Specialty Finance during the third quarter worth $73,000. Finally, Lazard Asset Management LLC bought a new position in shares of Bain Capital Specialty Finance during the third quarter worth $115,000.

Bain Capital Specialty Finance Stock Down 0.3 %

Shares of BCSF opened at $15.71 on Monday. The firm has a fifty day moving average price of $15.55 and a 200-day moving average price of $15.35. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.18 and a quick ratio of 2.18. Bain Capital Specialty Finance, Inc. has a 12-month low of $11.06 and a 12-month high of $16.80.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $74.95 million during the quarter. Bain Capital Specialty Finance had a net margin of 41.43% and a return on equity of 12.54%. On average, equities analysts expect 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 $0.45 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.80 annualized dividend and a yield of 11.46%. This is a boost from Bain Capital Specialty Finance’s previous quarterly dividend of $0.42. Bain Capital Specialty Finance’s dividend payout ratio is 88.42%.

Analyst Ratings Changes

Separately, Wells Fargo & Company raised their price objective on shares of Bain Capital Specialty Finance from $13.75 to $14.50 and gave the stock an “equal weight” rating in a research note on Monday, January 29th.

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.