North Ground Capital Invests $2.49 Million in Bain Capital Specialty Finance, Inc. $BCSF

North Ground Capital purchased a new stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 175,000 shares of the company’s stock, valued at approximately $2,494,000. Bain Capital Specialty Finance comprises approximately 1.5% of North Ground Capital’s holdings, making the stock its 23rd biggest position. North Ground Capital owned approximately 0.27% of Bain Capital Specialty Finance as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. increased its position in Bain Capital Specialty Finance by 28.0% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 446,968 shares of the company’s stock worth $6,722,000 after buying an additional 97,714 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Bain Capital Specialty Finance during the 2nd quarter worth about $793,000. Rockefeller Capital Management L.P. boosted its stake in shares of Bain Capital Specialty Finance by 13.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 366,542 shares of the company’s stock worth $5,513,000 after acquiring an additional 42,056 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Bain Capital Specialty Finance by 13.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 14,560 shares of the company’s stock valued at $219,000 after acquiring an additional 1,705 shares in the last quarter. Finally, Muzinich & Co. Inc. lifted its holdings in Bain Capital Specialty Finance by 53.0% in the 2nd quarter. Muzinich & Co. Inc. now owns 553,802 shares of the company’s stock worth $8,329,000 after purchasing an additional 191,776 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BCSF shares. Wells Fargo & Company set a $14.00 price target on shares of Bain Capital Specialty Finance and gave the company an “equal weight” rating in a research report on Wednesday, January 7th. Zacks Research cut shares of Bain Capital Specialty Finance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 14th. Finally, Keefe, Bruyette & Woods upgraded Bain Capital Specialty Finance from a “market perform” rating to an “outperform” rating and set a $16.00 price objective on the stock in a research note on Friday, December 19th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.00.

Bain Capital Specialty Finance Price Performance

Shares of Bain Capital Specialty Finance stock opened at $13.77 on Monday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.78 and a quick ratio of 1.78. The company has a market cap of $893.26 million, a PE ratio of 9.56 and a beta of 0.60. The firm has a fifty day moving average price of $14.02 and a two-hundred day moving average price of $14.54. Bain Capital Specialty Finance, Inc. has a fifty-two week low of $13.20 and a fifty-two week high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. Bain Capital Specialty Finance had a net margin of 33.45% and a return on equity of 11.03%. The business had revenue of $67.20 million during the quarter, compared to analyst estimates of $69.53 million. Analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Dividend Announcement

The company also recently announced a special dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be paid a $0.15 dividend. The ex-dividend date is Wednesday, December 31st. Bain Capital Specialty Finance’s dividend payout ratio is presently 116.67%.

Bain Capital Specialty Finance Profile

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.