Starr Indemnity & Liability Co Makes New $10.48 Million Investment in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Starr Indemnity & Liability Co acquired 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 Securities & Exchange Commission. The fund acquired 598,001 shares of the company’s stock, valued at approximately $10,477,000. Bain Capital Specialty Finance comprises approximately 5.2% of Starr Indemnity & Liability Co’s investment portfolio, making the stock its 5th biggest position. Starr Indemnity & Liability Co owned 0.93% of Bain Capital Specialty Finance at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Mascoma Wealth Management LLC purchased a new position in Bain Capital Specialty Finance during the 4th quarter valued at about $29,000. Quantbot Technologies LP purchased a new position in shares of Bain Capital Specialty Finance during the third quarter valued at approximately $136,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Bain Capital Specialty Finance during the fourth quarter valued at approximately $151,000. Centiva Capital LP bought a new position in shares of Bain Capital Specialty Finance during the third quarter valued at approximately $199,000. Finally, Cooper Financial Group lifted its stake in Bain Capital Specialty Finance by 7.5% in the fourth quarter. Cooper Financial Group now owns 15,064 shares of the company’s stock worth $264,000 after acquiring an additional 1,053 shares during the period.

Insider Activity

In related news, Director Clare Stack Richer purchased 1,530 shares of the stock in a transaction dated Monday, March 17th. The stock was purchased at an average price of $16.43 per share, with a total value of $25,137.90. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Keefe, Bruyette & Woods upped their price objective 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 increased their price target on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd.

Bain Capital Specialty Finance Trading Down 0.6 %

NYSE BCSF opened at $16.61 on Tuesday. The firm has a market capitalization of $1.07 billion, a PE ratio of 8.34 and a beta of 1.10. The stock’s 50 day moving average is $17.70 and its 200 day moving average is $17.24. Bain Capital Specialty Finance, Inc. has a twelve month low of $15.29 and a twelve month high of $19.21. 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 earnings results on Thursday, February 27th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm 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%. Research 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 announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, December 16th. Bain Capital Specialty Finance’s dividend payout ratio is 90.81%.

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.