Bain Capital Specialty Finance, Inc. $BCSF Shares Bought by Legal & General Group Plc

Legal & General Group Plc boosted its position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 18.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 461,850 shares of the company’s stock after acquiring an additional 70,398 shares during the period. Legal & General Group Plc’s holdings in Bain Capital Specialty Finance were worth $6,431,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BCSF. BNP Paribas Financial Markets grew its holdings in Bain Capital Specialty Finance by 352.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,069 shares of the company’s stock worth $58,000 after acquiring an additional 3,169 shares in the last quarter. Quantbot Technologies LP acquired a new position in Bain Capital Specialty Finance during the 2nd quarter worth approximately $121,000. U.S. Capital Wealth Advisors LLC grew its holdings in Bain Capital Specialty Finance by 19.4% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 16,715 shares of the company’s stock worth $233,000 after acquiring an additional 2,715 shares in the last quarter. Meridian Investment Counsel Inc. grew its holdings in Bain Capital Specialty Finance by 7.7% during the 4th quarter. Meridian Investment Counsel Inc. now owns 18,816 shares of the company’s stock worth $262,000 after acquiring an additional 1,340 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Bain Capital Specialty Finance during the 2nd quarter worth approximately $280,000.

Bain Capital Specialty Finance Trading Down 3.2%

NYSE BCSF opened at $12.80 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.17 and a quick ratio of 2.17. The firm’s fifty day moving average price is $13.13 and its 200 day moving average price is $13.38. The company has a market capitalization 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 12 month low of $11.82 and a 12 month high of $16.00.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its earnings results on Monday, May 11th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The company 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%. On average, sell-side analysts expect that Bain Capital Specialty Finance, Inc. will post 1.67 earnings per share for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on BCSF shares. Wells Fargo & Company lowered 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 dropped their price target on shares of Bain Capital Specialty Finance from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.00.

Bain Capital Specialty Finance 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.