Insider Buying: Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Director Acquires $25,137.90 in Stock

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Director Clare Stack Richer bought 1,530 shares of the stock in a transaction dated Monday, March 17th. The stock was purchased at an average cost of $16.43 per share, for a total transaction of $25,137.90. Following the acquisition, the director now owns 20,835 shares in the company, valued at $342,319.05. The trade was a 7.93 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Bain Capital Specialty Finance Stock Up 0.2 %

Shares of NYSE:BCSF opened at $16.72 on Thursday. Bain Capital Specialty Finance, Inc. has a 12 month low of $15.29 and a 12 month high of $19.21. The company’s 50-day moving average price is $17.77 and its two-hundred day moving average price is $17.24. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13. The firm has a market cap of $1.08 billion, a P/E ratio of 8.40 and a beta of 1.10.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The firm had revenue of $73.30 million for the quarter, compared to analyst estimates of $67.50 million. As a group, research analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal 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 paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, December 16th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 90.81%.

Analysts Set New Price Targets

Several research firms have recently weighed in on BCSF. Keefe, Bruyette & Woods upped their target price on shares of 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. Wells Fargo & Company increased their price objective on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Monday, March 3rd.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BCSF. Mascoma Wealth Management LLC bought a new position in shares of Bain Capital Specialty Finance in the 4th quarter valued at about $29,000. Aquatic Capital Management LLC bought a new position in shares of Bain Capital Specialty Finance in the 4th quarter valued at about $67,000. Quantbot Technologies LP bought a new position in shares of Bain Capital Specialty Finance in the 3rd quarter valued at about $136,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Bain Capital Specialty Finance in the 4th quarter valued at about $151,000. Finally, Lazard Asset Management LLC raised its position in shares of Bain Capital Specialty Finance by 14.5% in the 4th quarter. Lazard Asset Management LLC now owns 9,361 shares of the company’s stock valued at $164,000 after acquiring an additional 1,189 shares during the period.

About Bain Capital Specialty Finance

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.