Insider Buying: Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Director Buys 1,530 Shares of Stock

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Director Clare Stack Richer bought 1,530 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were bought at an average price of $16.43 per share, with a total value of $25,137.90. Following the purchase, the director now owns 20,835 shares in the company, valued at $342,319.05. The trade was a 7.93 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bain Capital Specialty Finance Stock Performance

NYSE BCSF opened at $16.54 on Tuesday. Bain Capital Specialty Finance, Inc. has a 52-week low of $15.29 and a 52-week high of $19.21. 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 firm has a 50-day moving average of $17.79 and a 200-day moving average of $17.25. The stock has a market cap of $1.07 billion, a PE ratio of 8.31 and a beta of 1.10.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The business had revenue of $73.30 million during the quarter, compared to analysts’ expectations of $67.50 million. On average, sell-side analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.73%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is 90.81%.

Institutional Trading of Bain Capital Specialty Finance

Several hedge funds and other institutional investors have recently bought and sold shares of BCSF. Mascoma Wealth Management LLC acquired a new stake in Bain Capital Specialty Finance in the 4th quarter worth about $29,000. Aquatic Capital Management LLC bought a new position in Bain Capital Specialty Finance in the 4th quarter valued at about $67,000. Quantbot Technologies LP bought a new position in Bain Capital Specialty Finance in the 3rd quarter valued at about $136,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Bain Capital Specialty Finance in the 4th quarter valued at about $151,000. Finally, Lazard Asset Management LLC increased its holdings in Bain Capital Specialty Finance by 14.5% in the 4th quarter. Lazard Asset Management LLC now owns 9,361 shares of the company’s stock valued at $164,000 after buying an additional 1,189 shares during the period.

Analyst Ratings Changes

A number of research firms have recently issued reports on BCSF. Wells Fargo & Company raised their target price on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods raised their target price on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 4th.

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.