Janney Montgomery Scott LLC Boosts Holdings in Bain Capital Specialty Finance, Inc. $BCSF

Janney Montgomery Scott LLC grew its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 8.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,060 shares of the company’s stock after acquiring an additional 6,851 shares during the quarter. Janney Montgomery Scott LLC owned about 0.13% of Bain Capital Specialty Finance worth $1,264,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BCSF. Quarry LP acquired a new position in Bain Capital Specialty Finance during the first quarter worth approximately $100,000. MQS Management LLC acquired a new stake in shares of Bain Capital Specialty Finance during the 1st quarter worth $176,000. Jump Financial LLC purchased a new position in shares of Bain Capital Specialty Finance in the 1st quarter worth $200,000. U.S. Capital Wealth Advisors LLC acquired a new position in Bain Capital Specialty Finance in the second quarter valued at $185,000. Finally, Farther Finance Advisors LLC boosted its holdings in Bain Capital Specialty Finance by 13.3% in the second quarter. Farther Finance Advisors LLC now owns 14,560 shares of the company’s stock valued at $219,000 after acquiring an additional 1,705 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Bain Capital Specialty Finance from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Bain Capital Specialty Finance presently has a consensus rating of “Buy” and a consensus target price of $16.50.

Bain Capital Specialty Finance Stock Performance

NYSE:BCSF opened at $13.31 on Monday. The firm’s fifty day simple moving average is $14.94 and its 200 day simple moving average is $15.15. The company has a current ratio of 3.63, a quick ratio of 3.63 and a debt-to-equity ratio of 1.37. Bain Capital Specialty Finance, Inc. has a twelve month low of $13.20 and a twelve month high of $19.21. The firm has a market capitalization of $863.41 million, a price-to-earnings ratio of 8.02 and a beta of 0.81.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. The firm had revenue of $70.97 million during the quarter, compared to the consensus estimate of $67.88 million. Bain Capital Specialty Finance had a return on equity of 11.41% and a net margin of 37.90%. As a group, equities research analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current fiscal year.

Bain Capital Specialty Finance Profile

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.