Cambridge Investment Research Advisors Inc. Grows Stock Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Cambridge Investment Research Advisors Inc. increased its holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 11.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 54,548 shares of the company’s stock after acquiring an additional 5,618 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.08% of Bain Capital Specialty Finance worth $906,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mascoma Wealth Management LLC acquired a new stake in shares of Bain Capital Specialty Finance during the fourth quarter valued at about $29,000. Aquatic Capital Management LLC acquired a new stake in Bain Capital Specialty Finance in the 4th quarter valued at approximately $67,000. Lazard Asset Management LLC raised its position in Bain Capital Specialty Finance by 14.5% in the fourth quarter. Lazard Asset Management LLC now owns 9,361 shares of the company’s stock valued at $164,000 after purchasing an additional 1,189 shares during the period. XTX Topco Ltd purchased a new stake in Bain Capital Specialty Finance in the fourth quarter valued at approximately $197,000. Finally, Advisory Services Network LLC lifted its stake in Bain Capital Specialty Finance by 16.3% during the fourth quarter. Advisory Services Network LLC now owns 12,245 shares of the company’s stock worth $215,000 after purchasing an additional 1,715 shares in the last quarter.

Bain Capital Specialty Finance Stock Performance

Shares of BCSF stock opened at $15.25 on Monday. The firm has a 50 day moving average of $15.32 and a two-hundred day moving average of $16.42. The stock has a market capitalization of $989.27 million, a PE ratio of 8.76 and a beta of 0.78. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 1.27. Bain Capital Specialty Finance, Inc. has a 52 week low of $13.20 and a 52 week high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Bain Capital Specialty Finance had a return on equity of 11.62% and a net margin of 39.60%. The business had revenue of $52.84 million during the quarter, compared to analysts’ expectations of $71.00 million. On average, research analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were given a dividend of $0.03 per share. The ex-dividend date was Monday, June 16th. This represents a dividend yield of 11.66%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is currently 96.55%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped their price objective on Bain Capital Specialty Finance from $19.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Keefe, Bruyette & Woods dropped their target price 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.

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.