First National Trust Co Raises Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

First National Trust Co lifted its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 189.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,690 shares of the company’s stock after acquiring an additional 60,024 shares during the quarter. First National Trust Co’s holdings in Bain Capital Specialty Finance were worth $1,522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of BCSF. Van ECK Associates Corp raised its position in Bain Capital Specialty Finance by 18.4% in the 2nd quarter. Van ECK Associates Corp now owns 1,049,379 shares of the company’s stock valued at $17,116,000 after purchasing an additional 162,956 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Bain Capital Specialty Finance by 1,551.4% during the third quarter. International Assets Investment Management LLC now owns 526,706 shares of the company’s stock worth $87,430,000 after buying an additional 494,812 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in Bain Capital Specialty Finance by 10.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 465,868 shares of the company’s stock valued at $7,733,000 after acquiring an additional 43,794 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Bain Capital Specialty Finance by 33.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 317,318 shares of the company’s stock worth $5,175,000 after acquiring an additional 80,192 shares in the last quarter. Finally, Gries Financial LLC increased its position in shares of Bain Capital Specialty Finance by 19.3% in the 2nd quarter. Gries Financial LLC now owns 171,158 shares of the company’s stock valued at $2,792,000 after purchasing an additional 27,649 shares during the last quarter.

Bain Capital Specialty Finance Trading Down 1.2 %

Shares of Bain Capital Specialty Finance stock opened at $16.76 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 1.80 and a debt-to-equity ratio of 1.13. The company has a fifty day simple moving average of $16.80 and a 200-day simple moving average of $16.59. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 8.42 and a beta of 1.13. Bain Capital Specialty Finance, Inc. has a 12-month low of $14.75 and a 12-month high of $17.25.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.03. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. The company had revenue of $72.54 million for the quarter. During the same period in the previous year, the business posted $0.55 EPS. On average, equities analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $17.00 price objective on shares of Bain Capital Specialty Finance in a report on Wednesday, August 21st.

About Bain Capital Specialty Finance

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.