Bain Capital Specialty Finance, Inc. $BCSF Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp raised its position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 16.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,306,231 shares of the company’s stock after purchasing an additional 181,591 shares during the quarter. Van ECK Associates Corp’s holdings in Bain Capital Specialty Finance were worth $18,614,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BCSF. Steward Partners Investment Advisory LLC lifted its holdings in Bain Capital Specialty Finance by 52.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,604 shares of the company’s stock worth $54,000 after buying an additional 1,241 shares during the last quarter. Stone House Investment Management LLC bought a new stake in shares of Bain Capital Specialty Finance in the 3rd quarter valued at approximately $55,000. Security National Bank acquired a new stake in shares of Bain Capital Specialty Finance during the 3rd quarter valued at approximately $66,000. Quantbot Technologies LP acquired a new stake in shares of Bain Capital Specialty Finance during the 2nd quarter valued at approximately $121,000. Finally, U.S. Capital Wealth Advisors LLC lifted its stake in Bain Capital Specialty Finance by 13.8% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 14,000 shares of the company’s stock worth $200,000 after purchasing an additional 1,700 shares during the last quarter.

Bain Capital Specialty Finance Stock Performance

Shares of Bain Capital Specialty Finance stock traded up $0.01 on Friday, reaching $12.43. 117,043 shares of the company were exchanged, compared to its average volume of 542,547. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.82 and a current ratio of 1.82. The company’s 50-day moving average is $13.34 and its two-hundred day moving average is $13.99. The firm has a market cap of $806.01 million, a price-to-earnings ratio of 8.12 and a beta of 0.60. Bain Capital Specialty Finance, Inc. has a 1-year low of $12.28 and a 1-year high of $17.04.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $68.20 million during the quarter, compared to analyst estimates of $68.48 million. Bain Capital Specialty Finance had a return on equity of 10.74% and a net margin of 36.14%. As a group, research analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current fiscal year.

Bain Capital Specialty Finance Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 13.5%. This is a positive change from Bain Capital Specialty Finance’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Monday, March 16th. Bain Capital Specialty Finance’s dividend payout ratio is presently 109.80%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BCSF shares. Keefe, Bruyette & Woods decreased their price objective on shares of Bain Capital Specialty Finance from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, March 3rd. Wells Fargo & Company reduced their price target on shares of Bain Capital Specialty Finance from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $14.00.

Bain Capital Specialty Finance Company 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.