Van ECK Associates Corp Acquires 131,860 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Van ECK Associates Corp grew its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 13.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,088,471 shares of the company’s stock after buying an additional 131,860 shares during the period. Van ECK Associates Corp’s holdings in Bain Capital Specialty Finance were worth $19,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of BCSF. JPMorgan Chase & Co. grew its holdings in Bain Capital Specialty Finance by 47.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 224,528 shares of the company’s stock valued at $3,727,000 after buying an additional 71,806 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Bain Capital Specialty Finance by 14.6% in the third quarter. Franklin Resources Inc. now owns 287,890 shares of the company’s stock valued at $4,779,000 after purchasing an additional 36,585 shares in the last quarter. First National Trust Co increased its position in Bain Capital Specialty Finance by 189.6% in the third quarter. First National Trust Co now owns 91,690 shares of the company’s stock worth $1,522,000 after purchasing an additional 60,024 shares during the last quarter. International Assets Investment Management LLC raised its stake in 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 valued at $87,430,000 after purchasing an additional 494,812 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in Bain Capital Specialty Finance by 136.2% during the third quarter. Jane Street Group LLC now owns 24,092 shares of the company’s stock valued at $400,000 after purchasing an additional 13,892 shares during the last quarter.

Bain Capital Specialty Finance Price Performance

Shares of Bain Capital Specialty Finance stock opened at $18.32 on Friday. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 9.21 and a beta of 1.10. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a 50 day moving average price of $17.57 and a 200-day moving average price of $17.00. Bain Capital Specialty Finance, Inc. has a one year low of $15.09 and a one year high of $18.35.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upped their target price on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th.

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.