Comerica Bank Grows Stock Position in Bain Capital Specialty Finance, Inc. $BCSF

Comerica Bank raised its holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 6.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,160 shares of the company’s stock after buying an additional 1,131 shares during the quarter. Comerica Bank’s holdings in Bain Capital Specialty Finance were worth $301,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of BCSF. Northern Trust Corp raised its stake in shares of Bain Capital Specialty Finance by 16.5% in the fourth quarter. Northern Trust Corp now owns 43,204 shares of the company’s stock worth $757,000 after purchasing an additional 6,106 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Bain Capital Specialty Finance by 21.3% in the fourth quarter. Ameriprise Financial Inc. now owns 142,632 shares of the company’s stock worth $2,499,000 after purchasing an additional 25,017 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Bain Capital Specialty Finance by 3.0% in the fourth quarter. Bank of America Corp DE now owns 4,539,555 shares of the company’s stock worth $79,533,000 after purchasing an additional 133,753 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Bain Capital Specialty Finance in the 4th quarter valued at $5,560,000. Finally, Lazard Asset Management LLC boosted its holdings in shares of Bain Capital Specialty Finance by 14.5% in the 4th quarter. Lazard Asset Management LLC now owns 9,361 shares of the company’s stock valued at $164,000 after acquiring an additional 1,189 shares during the last quarter.

Bain Capital Specialty Finance Stock Down 0.3%

Shares of BCSF stock opened at $15.61 on Wednesday. The stock has a 50 day moving average of $15.33 and a 200 day moving average of $15.63. The company has a current ratio of 3.63, a quick ratio of 3.63 and a debt-to-equity ratio of 1.37. The stock has a market cap of $1.01 billion, a P/E ratio of 9.40 and a beta of 0.83. Bain Capital Specialty Finance, Inc. has a twelve month low of $13.20 and a twelve month high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.04. The company had revenue of $70.97 million during the quarter, compared to analysts’ expectations of $67.88 million. Bain Capital Specialty Finance had a return on equity of 11.41% and a net margin of 37.90%. As a group, sell-side analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 10.8%. The ex-dividend date is Tuesday, September 16th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is currently 101.20%.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Bain Capital Specialty Finance from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $16.50.

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.