Bain Capital Specialty Finance, Inc. $BCSF Shares Bought by Legal & General Group Plc

Legal & General Group Plc raised its stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 18.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 461,850 shares of the company’s stock after buying an additional 70,398 shares during the quarter. Legal & General Group Plc owned about 0.71% of Bain Capital Specialty Finance worth $6,431,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BCSF. BNP Paribas Financial Markets lifted its position in Bain Capital Specialty Finance by 352.1% in the third quarter. BNP Paribas Financial Markets now owns 4,069 shares of the company’s stock valued at $58,000 after buying an additional 3,169 shares during the last quarter. Quantbot Technologies LP acquired a new position in Bain Capital Specialty Finance in the second quarter valued at about $121,000. U.S. Capital Wealth Advisors LLC lifted its position in Bain Capital Specialty Finance by 19.4% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 16,715 shares of the company’s stock valued at $233,000 after buying an additional 2,715 shares during the last quarter. Meridian Investment Counsel Inc. lifted its position in Bain Capital Specialty Finance by 7.7% in the fourth quarter. Meridian Investment Counsel Inc. now owns 18,816 shares of the company’s stock valued at $262,000 after buying an additional 1,340 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Bain Capital Specialty Finance in the second quarter valued at about $280,000.

Analyst Ratings Changes

BCSF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of Bain Capital Specialty Finance from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Wells Fargo & Company decreased their target price 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 analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $14.00.

Bain Capital Specialty Finance Stock Performance

Shares of BCSF stock opened at $12.80 on Friday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.33. Bain Capital Specialty Finance, Inc. has a 52 week low of $11.82 and a 52 week high of $16.00. The stock has a market capitalization of $830.60 million, a PE ratio of 11.23 and a beta of 0.57. The firm has a 50 day moving average of $13.13 and a two-hundred day moving average of $13.38.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). Bain Capital Specialty Finance had a net margin of 27.00% and a return on equity of 10.44%. The company had revenue of $42.20 million during the quarter, compared to analyst estimates of $65.58 million. On average, research analysts predict that Bain Capital Specialty Finance, Inc. will post 1.67 EPS for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 13.1%. The ex-dividend date is Monday, June 15th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 147.37%.

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.