Alpine Global Management LLC Makes New $1.32 Million Investment in Bain Capital Specialty Finance, Inc. $BCSF

Alpine Global Management LLC purchased a new position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 92,610 shares of the company’s stock, valued at approximately $1,320,000. Alpine Global Management LLC owned 0.14% of Bain Capital Specialty Finance as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BCSF. CANADA LIFE ASSURANCE Co grew its holdings in shares of Bain Capital Specialty Finance by 26.9% in the third quarter. CANADA LIFE ASSURANCE Co now owns 65,032 shares of the company’s stock valued at $922,000 after purchasing an additional 13,787 shares during the period. Triumph Capital Management raised its stake in Bain Capital Specialty Finance by 16.0% during the third quarter. Triumph Capital Management now owns 62,778 shares of the company’s stock worth $895,000 after purchasing an additional 8,652 shares during the period. Millennium Management LLC boosted its holdings in Bain Capital Specialty Finance by 263.5% in the 3rd quarter. Millennium Management LLC now owns 511,115 shares of the company’s stock valued at $7,283,000 after purchasing an additional 370,507 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in Bain Capital Specialty Finance in the 3rd quarter valued at about $996,000. Finally, Two Sigma Investments LP grew its stake in shares of Bain Capital Specialty Finance by 310.0% in the 3rd quarter. Two Sigma Investments LP now owns 489,550 shares of the company’s stock valued at $6,976,000 after buying an additional 370,156 shares during the period.

Bain Capital Specialty Finance Stock Performance

Bain Capital Specialty Finance stock opened at $12.34 on Wednesday. The company has a market cap of $800.50 million, a price-to-earnings ratio of 8.07 and a beta of 0.60. Bain Capital Specialty Finance, Inc. has a 12 month low of $11.82 and a 12 month high of $17.04. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.82 and a quick ratio of 1.82. The stock’s 50-day moving average is $13.23 and its 200-day moving average is $13.90.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its earnings results on Thursday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Bain Capital Specialty Finance had a return on equity of 10.74% and a net margin of 36.14%.The business had revenue of $68.20 million during the quarter, compared to analysts’ expectations of $68.48 million. Equities analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

Bain Capital Specialty Finance Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.42 per share. This is an increase from Bain Capital Specialty Finance’s previous quarterly dividend of $0.03. This represents a $1.68 annualized dividend and a yield of 13.6%. The ex-dividend date is Monday, March 16th. Bain Capital Specialty Finance’s payout ratio is presently 109.80%.

Wall Street Analyst Weigh In

BCSF has been the topic of several analyst reports. Keefe, Bruyette & Woods reduced their price target on shares of Bain Capital Specialty Finance from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Wells Fargo & Company lowered their price objective on Bain Capital Specialty Finance from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Bain Capital Specialty Finance presently has an average rating of “Hold” and a consensus target price of $14.00.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.