Curated Wealth Partners LLC Invests $1.39 Million in Bain Capital Specialty Finance, Inc. $BCSF

Curated Wealth Partners LLC purchased a new stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $1,391,000. Curated Wealth Partners LLC owned about 0.15% of Bain Capital Specialty Finance at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Cresset Asset Management LLC increased its stake in Bain Capital Specialty Finance by 20.9% in the third quarter. Cresset Asset Management LLC now owns 1,452,327 shares of the company’s stock valued at $20,696,000 after purchasing an additional 250,844 shares during the period. North Ground Capital purchased a new position in shares of Bain Capital Specialty Finance during the third quarter worth about $2,494,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Bain Capital Specialty Finance by 22.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 545,190 shares of the company’s stock worth $7,769,000 after buying an additional 98,222 shares during the last quarter. Van ECK Associates Corp increased its position in Bain Capital Specialty Finance by 16.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,306,231 shares of the company’s stock valued at $18,614,000 after acquiring an additional 181,591 shares during the period. Finally, Melia Wealth LLC raised its stake in Bain Capital Specialty Finance by 13.4% during the 3rd quarter. Melia Wealth LLC now owns 1,123,229 shares of the company’s stock valued at $16,006,000 after acquiring an additional 132,497 shares during the last quarter.

Bain Capital Specialty Finance Stock Down 1.8%

BCSF stock opened at $12.25 on Wednesday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.32. The company’s 50-day moving average price is $13.07 and its 200 day moving average price is $13.78. Bain Capital Specialty Finance, Inc. has a 52 week low of $11.82 and a 52 week high of $17.04. The company has a market cap of $794.66 million, a P/E ratio of 8.01 and a beta of 0.60.

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, beating analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $68.20 million during the quarter, compared to analysts’ expectations of $68.48 million. Bain Capital Specialty Finance had a net margin of 36.14% and a return on equity of 10.74%. On average, research analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current fiscal year.

Bain Capital Specialty Finance Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be issued a dividend of $0.42 per share. This is a boost from Bain Capital Specialty Finance’s previous quarterly dividend of $0.03. This represents a $1.68 annualized dividend and a yield of 13.7%. The ex-dividend date of this dividend is Monday, March 16th. Bain Capital Specialty Finance’s payout ratio is presently 109.80%.

Wall Street Analysts Forecast Growth

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

Bain Capital Specialty Finance Profile

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.