Foster Victor Wealth Advisors LLC Has $365,000 Holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Foster Victor Wealth Advisors LLC boosted its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 10.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,000 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Bain Capital Specialty Finance were worth $365,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings in shares of Bain Capital Specialty Finance by 3.0% during the 4th quarter. Bank of America Corp DE now owns 4,539,555 shares of the company’s stock worth $79,533,000 after purchasing an additional 133,753 shares in the last quarter. Cresset Asset Management LLC bought a new position in Bain Capital Specialty Finance in the fourth quarter worth $25,006,000. Van ECK Associates Corp boosted its stake in Bain Capital Specialty Finance by 13.8% during the fourth quarter. Van ECK Associates Corp now owns 1,088,471 shares of the company’s stock worth $19,070,000 after buying an additional 131,860 shares in the last quarter. Melia Wealth LLC increased its holdings in Bain Capital Specialty Finance by 2.8% in the 4th quarter. Melia Wealth LLC now owns 919,379 shares of the company’s stock valued at $16,108,000 after buying an additional 25,185 shares during the period. Finally, Starr Indemnity & Liability Co acquired a new position in shares of Bain Capital Specialty Finance in the 4th quarter valued at $10,477,000.

Wall Street Analysts Forecast Growth

BCSF has been the topic of several recent research reports. Wells Fargo & Company decreased their target price on shares of Bain Capital Specialty Finance from $19.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Keefe, Bruyette & Woods decreased their price objective on Bain Capital Specialty Finance from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Tuesday, April 8th.

Bain Capital Specialty Finance Stock Performance

Bain Capital Specialty Finance stock opened at $15.43 on Monday. The firm has a market capitalization of $1.00 billion, a P/E ratio of 7.75 and a beta of 0.80. The stock has a fifty day moving average price of $15.26 and a two-hundred day moving average price of $16.64. Bain Capital Specialty Finance, Inc. has a 52-week low of $13.20 and a 52-week high of $19.21. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its earnings results on Monday, May 5th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The business had revenue of $52.84 million for the quarter, compared to analyst estimates of $71.00 million. As a group, analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a $0.03 dividend. This represents a dividend yield of 11.66%. The ex-dividend date of this dividend is Monday, June 16th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is currently 96.55%.

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.