Alpine Global Management LLC Increases Position in Bain Capital Specialty Finance, Inc. $BCSF

Alpine Global Management LLC grew its position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 232.2% during the fourth quarter, Holdings Channel reports. The firm owned 307,641 shares of the company’s stock after acquiring an additional 215,031 shares during the quarter. Alpine Global Management LLC’s holdings in Bain Capital Specialty Finance were worth $4,279,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BCSF. Virtu Financial LLC purchased a new position in shares of Bain Capital Specialty Finance in the fourth quarter valued at approximately $179,000. Corient Private Wealth LLC lifted its holdings in Bain Capital Specialty Finance by 21.3% during the 4th quarter. Corient Private Wealth LLC now owns 18,172 shares of the company’s stock worth $253,000 after buying an additional 3,196 shares in the last quarter. XTX Topco Ltd boosted its position in Bain Capital Specialty Finance by 226.4% in the 4th quarter. XTX Topco Ltd now owns 75,980 shares of the company’s stock valued at $1,057,000 after buying an additional 52,705 shares during the period. VARCOV Co. acquired a new position in shares of Bain Capital Specialty Finance in the fourth quarter worth $299,000. Finally, Quadrature Capital Ltd grew its stake in shares of Bain Capital Specialty Finance by 78.3% in the fourth quarter. Quadrature Capital Ltd now owns 30,654 shares of the company’s stock worth $426,000 after acquiring an additional 13,463 shares in the last quarter.

Bain Capital Specialty Finance Stock Up 0.0%

Shares of Bain Capital Specialty Finance stock opened at $12.36 on Friday. Bain Capital Specialty Finance, Inc. has a 52-week low of $11.82 and a 52-week high of $15.84. The company has a 50 day moving average of $13.18 and a 200 day moving average of $13.28. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $801.99 million, a P/E ratio of 10.84 and a beta of 0.57.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). Bain Capital Specialty Finance had a net margin of 27.00% and a return on equity of 10.44%. The firm had revenue of $42.20 million during the quarter, compared to analysts’ expectations of $65.58 million. As a group, research analysts forecast that Bain Capital Specialty Finance, Inc. will post 1.67 EPS for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 13.6%. The ex-dividend date of this dividend is Monday, June 15th. Bain Capital Specialty Finance’s dividend payout ratio is 147.37%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Bain Capital Specialty Finance from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 3rd. Keefe, Bruyette & Woods cut their price target on Bain Capital Specialty Finance from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Bain Capital Specialty Finance currently has a consensus rating of “Hold” and an average price target 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.