Wells Fargo & Company MN Has $5.33 Million Stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Wells Fargo & Company MN increased its stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 513.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 304,337 shares of the company’s stock after purchasing an additional 254,706 shares during the quarter. Wells Fargo & Company MN owned approximately 0.47% of Bain Capital Specialty Finance worth $5,332,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Starr Indemnity & Liability Co acquired a new stake in Bain Capital Specialty Finance in the 4th quarter valued at approximately $10,477,000. Franklin Resources Inc. grew its stake in shares of Bain Capital Specialty Finance by 9.4% in the fourth quarter. Franklin Resources Inc. now owns 314,873 shares of the company’s stock worth $5,517,000 after acquiring an additional 26,983 shares during the last quarter. LPL Financial LLC increased its position in Bain Capital Specialty Finance by 5.6% during the fourth quarter. LPL Financial LLC now owns 33,911 shares of the company’s stock worth $594,000 after acquiring an additional 1,805 shares during the period. Advisors Asset Management Inc. boosted its holdings in Bain Capital Specialty Finance by 36.9% in the 4th quarter. Advisors Asset Management Inc. now owns 242,671 shares of the company’s stock valued at $4,252,000 after purchasing an additional 65,350 shares during the period. Finally, First National Trust Co grew its position in Bain Capital Specialty Finance by 32.8% in the 4th quarter. First National Trust Co now owns 121,720 shares of the company’s stock worth $2,133,000 after purchasing an additional 30,030 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BCSF shares. Wells Fargo & Company boosted their price target on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods cut their price objective on Bain Capital Specialty Finance from $18.00 to $17.00 and set a “market perform” rating for the company in a research report on Tuesday, April 8th.

Insider Buying and Selling

In other news, Director Clare Stack Richer acquired 1,530 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average price of $16.43 per share, for a total transaction of $25,137.90. Following the completion of the acquisition, the director now owns 20,835 shares in the company, valued at $342,319.05. This trade represents a 7.93 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.59% of the stock is owned by insiders.

Bain Capital Specialty Finance Price Performance

Shares of BCSF stock opened at $14.96 on Monday. The firm has a market cap of $966.64 million, a price-to-earnings ratio of 7.52 and a beta of 0.79. Bain Capital Specialty Finance, Inc. has a 12 month low of $13.20 and a 12 month high of $19.21. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13. The stock has a 50-day moving average price of $16.73 and a 200 day moving average price of $17.01.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The business had revenue of $73.30 million during the quarter, compared to the consensus estimate of $67.50 million. Research analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be given a $0.03 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 annualized dividend and a dividend yield of 0.80%. Bain Capital Specialty Finance’s dividend payout ratio is currently 90.81%.

About Bain Capital Specialty Finance

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.