Insider Buying: Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Director Acquires 1,530 Shares of Stock

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Director Clare Stack Richer purchased 1,530 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average price of $16.43 per share, for a total transaction of $25,137.90. Following the completion of the transaction, the director now directly owns 20,835 shares in the company, valued at $342,319.05. This trade represents a 7.93 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Bain Capital Specialty Finance Stock Performance

Shares of BCSF stock opened at $16.72 on Thursday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $1.08 billion, a P/E ratio of 8.40 and a beta of 1.10. The company’s 50 day moving average price is $17.77 and its two-hundred day moving average price is $17.24. Bain Capital Specialty Finance, Inc. has a 52 week low of $15.29 and a 52 week high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The company had revenue of $73.30 million for the quarter, compared to the consensus estimate of $67.50 million. On average, analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current fiscal year.

Bain Capital Specialty Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be issued a $0.03 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.72%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 90.81%.

Institutional Trading of Bain Capital Specialty Finance

A number of hedge funds and other institutional investors have recently made changes to their positions in BCSF. Cresset Asset Management LLC acquired a new stake in shares of Bain Capital Specialty Finance in the fourth quarter valued at approximately $25,006,000. Starr Indemnity & Liability Co acquired a new stake in shares of Bain Capital Specialty Finance in the fourth quarter valued at approximately $10,477,000. Lake Street Advisors Group LLC acquired a new stake in shares of Bain Capital Specialty Finance in the fourth quarter valued at approximately $6,886,000. Cetera Investment Advisers bought a new position in shares of Bain Capital Specialty Finance in the fourth quarter valued at $5,560,000. Finally, Columbus Macro LLC bought a new position in shares of Bain Capital Specialty Finance in the fourth quarter valued at $5,544,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on BCSF. Keefe, Bruyette & Woods raised their target price on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, March 4th. Wells Fargo & Company raised their target price on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Monday, March 3rd.

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.