36,605 Shares in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,605 shares of the company’s stock, valued at approximately $641,000.

Several other institutional investors have also bought and sold shares of BCSF. Quantbot Technologies LP bought a new stake in Bain Capital Specialty Finance in the third quarter worth about $136,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Bain Capital Specialty Finance in the fourth quarter worth about $151,000. Centiva Capital LP bought a new stake in Bain Capital Specialty Finance in the third quarter worth about $199,000. KKM Financial LLC bought a new stake in Bain Capital Specialty Finance in the third quarter worth about $232,000. Finally, Cooper Financial Group raised its position in Bain Capital Specialty Finance by 7.5% in the fourth quarter. Cooper Financial Group now owns 15,064 shares of the company’s stock worth $264,000 after acquiring an additional 1,053 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BCSF shares. Wells Fargo & Company boosted their price target on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods boosted their price objective on Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, March 4th.

Insider Activity

In other Bain Capital Specialty Finance news, Director Clare Stack Richer bought 1,530 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were bought at an average price of $16.43 per share, for a total transaction of $25,137.90. Following the acquisition, the director now directly owns 20,835 shares of the company’s stock, valued at approximately $342,319.05. This trade represents a 7.93 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.59% of the stock is owned by corporate insiders.

Bain Capital Specialty Finance Price Performance

NYSE BCSF opened at $16.80 on Friday. The stock’s 50-day moving average price is $17.76 and its two-hundred day moving average price is $17.24. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. The company has a market cap of $1.09 billion, a PE ratio of 8.44 and a beta of 1.10. Bain Capital Specialty Finance, Inc. has a 1 year low of $15.29 and a 1 year high of $19.21.

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

Bain Capital Specialty Finance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.71%. Bain Capital Specialty Finance’s dividend payout ratio is 90.81%.

Bain Capital Specialty Finance Company 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.