C.V. Starr & Co. Inc. Trust boosted its stake in shares of Bain Capital Specialty Finance Inc (NYSE:BCSF) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 352,396 shares of the company’s stock after purchasing an additional 7,759 shares during the period. Bain Capital Specialty Finance makes up approximately 2.9% of C.V. Starr & Co. Inc. Trust’s portfolio, making the stock its 17th biggest holding. C.V. Starr & Co. Inc. Trust owned approximately 0.68% of Bain Capital Specialty Finance worth $6,685,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Colony Group LLC purchased a new position in Bain Capital Specialty Finance during the second quarter worth approximately $14,239,000. Royal Bank of Canada raised its stake in Bain Capital Specialty Finance by 200.9% during the second quarter. Royal Bank of Canada now owns 1,378 shares of the company’s stock worth $26,000 after purchasing an additional 920 shares during the period. UBS Group AG raised its stake in Bain Capital Specialty Finance by 2,595.2% during the second quarter. UBS Group AG now owns 2,683,754 shares of the company’s stock worth $49,972,000 after purchasing an additional 2,584,177 shares during the period. MAI Capital Management purchased a new position in Bain Capital Specialty Finance during the second quarter worth approximately $299,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Bain Capital Specialty Finance in the second quarter worth $1,562,000. 35.06% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research raised shares of Bain Capital Specialty Finance from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $20.25.
Shares of Bain Capital Specialty Finance stock traded down $0.13 during trading hours on Friday, hitting $18.58. The company’s stock had a trading volume of 8,274 shares, compared to its average volume of 177,353. Bain Capital Specialty Finance Inc has a 1-year low of $15.14 and a 1-year high of $20.90. The business has a fifty day moving average of $18.70 and a 200 day moving average of $18.87. The company has a market capitalization of $966.37 million and a PE ratio of 12.82.
Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). Bain Capital Specialty Finance had a return on equity of 8.27% and a net margin of 44.83%. The business had revenue of $50.60 million during the quarter, compared to analyst estimates of $44.28 million. Analysts anticipate that Bain Capital Specialty Finance Inc will post 1.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 8.83%. The ex-dividend date of this dividend is Friday, September 27th. Bain Capital Specialty Finance’s dividend payout ratio is currently 113.10%.
In related news, insider Michael A. Ewald acquired 27,483 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was bought at an average cost of $18.21 per share, with a total value of $500,465.43. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Clare Stack Richer acquired 5,417 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were bought at an average cost of $18.46 per share, with a total value of $99,997.82. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 37,050 shares of company stock valued at $676,574. 0.21% of the stock is owned by company insiders.
About Bain Capital Specialty Finance
Bain Capital Specialty Finance, Inc operates as a business development company (BDC) 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.
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