Confluence Investment Management LLC Boosts Stock Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Confluence Investment Management LLC raised its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 118,519 shares of the company’s stock after acquiring an additional 1,183 shares during the period. Confluence Investment Management LLC owned approximately 0.18% of Bain Capital Specialty Finance worth $1,933,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. FinTrust Capital Advisors LLC purchased a new position in shares of Bain Capital Specialty Finance during the 4th quarter worth approximately $30,000. Signaturefd LLC purchased a new position in shares of Bain Capital Specialty Finance during the 4th quarter worth approximately $93,000. Cape Investment Advisory Inc. purchased a new position in shares of Bain Capital Specialty Finance during the 4th quarter worth approximately $134,000. Twin Focus Capital Partners LLC purchased a new position in shares of Bain Capital Specialty Finance during the 4th quarter worth approximately $151,000. Finally, Cooper Financial Group purchased a new position in shares of Bain Capital Specialty Finance during the 1st quarter worth approximately $182,000.

Wall Street Analyst Weigh In

BCSF has been the subject of a number of analyst reports. Keefe, Bruyette & Woods increased their target price on Bain Capital Specialty Finance from $16.50 to $17.00 and gave the stock a “market perform” rating in a research note on Thursday, May 23rd. Wells Fargo & Company increased their target price on Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th.

Bain Capital Specialty Finance Price Performance

Shares of BCSF traded down $0.46 on Friday, reaching $16.29. The stock had a trading volume of 277,119 shares, compared to its average volume of 183,689. The firm has a market capitalization of $1.05 billion, a PE ratio of 8.15 and a beta of 1.12. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.19. The firm has a 50-day moving average of $16.56 and a 200 day moving average of $16.04. Bain Capital Specialty Finance, Inc. has a twelve month low of $14.55 and a twelve month high of $17.08.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings results on Monday, May 6th. The company reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. The business had revenue of $74.50 million for the quarter. Bain Capital Specialty Finance had a return on equity of 12.64% and a net margin of 43.42%. Sell-side analysts expect that Bain Capital Specialty Finance, Inc. will post 1.99 EPS for the current year.

Bain Capital Specialty Finance Announces Dividend

The business also recently announced a — dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.03 per share. This represents a yield of 10.1%. The ex-dividend date of this dividend is Tuesday, December 31st. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 84.00%.

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.