Bain Capital Specialty Finance, Inc. $BCSF Stock Holdings Increased by Melia Wealth LLC

Melia Wealth LLC lifted its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 990,732 shares of the company’s stock after acquiring an additional 58,815 shares during the quarter. Bain Capital Specialty Finance accounts for about 7.1% of Melia Wealth LLC’s portfolio, making the stock its 6th largest position. Melia Wealth LLC owned 1.53% of Bain Capital Specialty Finance worth $14,901,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of BCSF. Cubist Systematic Strategies LLC purchased a new stake in shares of Bain Capital Specialty Finance during the first quarter worth $2,024,000. Mackenzie Financial Corp increased its position in shares of Bain Capital Specialty Finance by 418.8% during the first quarter. Mackenzie Financial Corp now owns 104,816 shares of the company’s stock worth $1,740,000 after acquiring an additional 84,613 shares during the period. PDT Partners LLC purchased a new stake in shares of Bain Capital Specialty Finance during the first quarter worth $956,000. Muzinich & Co. Inc. increased its position in shares of Bain Capital Specialty Finance by 13.3% during the first quarter. Muzinich & Co. Inc. now owns 362,026 shares of the company’s stock worth $6,010,000 after acquiring an additional 42,501 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Bain Capital Specialty Finance by 11.6% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 349,254 shares of the company’s stock worth $5,798,000 after purchasing an additional 36,422 shares in the last quarter.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Bain Capital Specialty Finance from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Bain Capital Specialty Finance currently has an average rating of “Buy” and an average price target of $16.50.

Bain Capital Specialty Finance Price Performance

Shares of BCSF opened at $13.70 on Tuesday. Bain Capital Specialty Finance, Inc. has a fifty-two week low of $13.20 and a fifty-two week high of $19.21. The company has a market capitalization of $888.98 million, a price-to-earnings ratio of 8.26 and a beta of 0.81. The firm has a 50-day simple moving average of $14.92 and a 200-day simple moving average of $15.12. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.63 and a current ratio of 3.63.

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

Bain Capital Specialty Finance Company 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.