Lake Street Advisors Group LLC Takes $6.89 Million Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Lake Street Advisors Group LLC 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 & Exchange Commission. The fund acquired 383,201 shares of the company’s stock, valued at approximately $6,886,000. Lake Street Advisors Group LLC owned 0.59% of Bain Capital Specialty Finance at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BCSF. Quantbot Technologies LP purchased a new position in Bain Capital Specialty Finance in the third quarter worth about $136,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Bain Capital Specialty Finance in the fourth quarter worth approximately $151,000. Farther Finance Advisors LLC purchased a new position in shares of Bain Capital Specialty Finance in the third quarter worth approximately $182,000. Centiva Capital LP bought a new stake in Bain Capital Specialty Finance during the third quarter valued at approximately $199,000. Finally, KKM Financial LLC purchased a new stake in Bain Capital Specialty Finance during the third quarter valued at approximately $232,000.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lifted their price target on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th.

Bain Capital Specialty Finance Stock Performance

Shares of BCSF opened at $18.70 on Wednesday. The business has a 50-day simple moving average of $17.76 and a two-hundred day simple moving average of $17.13. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13. Bain Capital Specialty Finance, Inc. has a 52 week low of $15.27 and a 52 week high of $18.77. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 9.39 and a beta of 1.10.

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.