Bain Capital Specialty Finance (NYSE:BCSF) Sees Unusually-High Trading Volume – Here’s What Happened

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) saw an uptick in trading volume on Monday . 227,192 shares were traded during trading, a decline of 4% from the previous session’s volume of 237,183 shares.The stock last traded at $16.46 and had previously closed at $16.71.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BCSF. Keefe, Bruyette & Woods raised their price target on Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 4th. Wells Fargo & Company upped their target price on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Monday, March 3rd.

Bain Capital Specialty Finance Stock Performance

The business has a 50 day moving average price of $17.71 and a two-hundred day moving average price of $17.24. The stock has a market cap of $1.06 billion, a P/E ratio of 8.28 and a beta of 1.10. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $73.30 million for the quarter, compared to analysts’ expectations of $67.50 million. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. On average, sell-side analysts forecast 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 paid a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.73%. Bain Capital Specialty Finance’s dividend payout ratio is presently 90.81%.

Insider Activity at Bain Capital Specialty Finance

In other Bain Capital Specialty Finance news, Director Clare Stack Richer purchased 1,530 shares of the stock in a transaction on Monday, March 17th. The shares were bought at an average cost of $16.43 per share, with a total value of $25,137.90. Following the completion of the acquisition, the director now 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.59% of the stock is owned by corporate insiders.

Institutional Trading of Bain Capital Specialty Finance

Large investors have recently made changes to their positions in the company. Mascoma Wealth Management LLC purchased a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth $29,000. Aquatic Capital Management LLC acquired a new stake in Bain Capital Specialty Finance in the 4th quarter valued at about $67,000. Quantbot Technologies LP purchased a new stake in shares of Bain Capital Specialty Finance in the third quarter valued at approximately $136,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Bain Capital Specialty Finance during the fourth quarter worth approximately $151,000. Finally, Lazard Asset Management LLC increased its stake in shares of Bain Capital Specialty Finance by 14.5% in the 4th quarter. Lazard Asset Management LLC now owns 9,361 shares of the company’s stock worth $164,000 after acquiring an additional 1,189 shares during the last quarter.

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.