Closed End Fund Advisors Inc. Makes New $5.88 Million Investment in Bain Capital Specialty Finance, Inc. $BCSF

Closed End Fund Advisors Inc. bought a new position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 422,810 shares of the company’s stock, valued at approximately $5,881,000. Bain Capital Specialty Finance accounts for about 3.5% of Closed End Fund Advisors Inc.’s investment portfolio, making the stock its 2nd largest holding. Closed End Fund Advisors Inc. owned approximately 0.65% of Bain Capital Specialty Finance as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BCSF. Cresset Asset Management LLC increased its holdings in shares of Bain Capital Specialty Finance by 20.9% in the 3rd quarter. Cresset Asset Management LLC now owns 1,452,327 shares of the company’s stock valued at $20,696,000 after purchasing an additional 250,844 shares in the last quarter. Curated Wealth Partners LLC purchased a new position in shares of Bain Capital Specialty Finance in the 4th quarter valued at about $1,391,000. Van ECK Associates Corp increased its holdings in shares of Bain Capital Specialty Finance by 16.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,306,231 shares of the company’s stock valued at $18,614,000 after purchasing an additional 181,591 shares in the last quarter. Muzinich & Co. Inc. increased its holdings in shares of Bain Capital Specialty Finance by 21.1% in the 4th quarter. Muzinich & Co. Inc. now owns 784,147 shares of the company’s stock valued at $10,907,000 after purchasing an additional 136,613 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Bain Capital Specialty Finance by 10.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 601,097 shares of the company’s stock valued at $8,361,000 after purchasing an additional 55,907 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of Bain Capital Specialty Finance from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, March 3rd. Keefe, Bruyette & Woods cut their price target on shares of Bain Capital Specialty Finance from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Bain Capital Specialty Finance currently has an average rating of “Hold” and a consensus price target of $14.00.

Bain Capital Specialty Finance Price Performance

Shares of NYSE BCSF opened at $12.80 on Friday. The stock has a market cap of $830.60 million, a price-to-earnings ratio of 11.23 and a beta of 0.57. Bain Capital Specialty Finance, Inc. has a 52 week low of $11.82 and a 52 week high of $16.00. The company’s 50-day moving average price is $13.13 and its 200 day moving average price is $13.38. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.33.

Bain Capital Specialty Finance (NYSE:BCSF) last released its earnings results on Monday, May 11th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The firm had revenue of $42.20 million during the quarter, compared to analysts’ expectations of $65.58 million. Bain Capital Specialty Finance had a net margin of 27.00% and a return on equity of 10.44%. As a group, research analysts forecast that Bain Capital Specialty Finance, Inc. will post 1.67 earnings per share for the current fiscal year.

Bain Capital Specialty Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 13.1%. The ex-dividend date is Monday, June 15th. Bain Capital Specialty Finance’s dividend payout ratio is 147.37%.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.