Dynamic Technology Lab Private Ltd Purchases New Holdings in Bain Capital Specialty Finance, Inc. $BCSF

Dynamic Technology Lab Private Ltd acquired a new position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) in the 1st quarter, HoldingsChannel reports. The firm acquired 33,549 shares of the company’s stock, valued at approximately $557,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mutual Advisors LLC boosted its stake in shares of Bain Capital Specialty Finance by 5.1% in the first quarter. Mutual Advisors LLC now owns 15,762 shares of the company’s stock worth $245,000 after acquiring an additional 768 shares during the last quarter. Advisor OS LLC lifted its holdings in Bain Capital Specialty Finance by 4.9% in the 1st quarter. Advisor OS LLC now owns 20,457 shares of the company’s stock valued at $340,000 after purchasing an additional 958 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Bain Capital Specialty Finance by 1.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 77,209 shares of the company’s stock worth $1,282,000 after purchasing an additional 1,107 shares during the last quarter. Comerica Bank boosted its stake in Bain Capital Specialty Finance by 6.6% during the 1st quarter. Comerica Bank now owns 18,160 shares of the company’s stock worth $301,000 after purchasing an additional 1,131 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of Bain Capital Specialty Finance by 14.5% in the fourth quarter. Lazard Asset Management LLC now owns 9,361 shares of the company’s stock valued at $164,000 after buying an additional 1,189 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Bain Capital Specialty Finance from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Bain Capital Specialty Finance currently has a consensus rating of “Buy” and a consensus target price of $16.50.

Bain Capital Specialty Finance Stock Down 0.8%

Shares of NYSE:BCSF opened at $15.48 on Thursday. Bain Capital Specialty Finance, Inc. has a 52-week low of $13.20 and a 52-week high of $19.21. The stock has a market cap of $1.00 billion, a P/E ratio of 9.33 and a beta of 0.83. The business has a fifty day moving average of $15.33 and a two-hundred day moving average of $15.63. The company has a quick ratio of 3.63, a current ratio of 3.63 and a debt-to-equity ratio of 1.37.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. Bain Capital Specialty Finance had a return on equity of 11.41% and a net margin of 37.90%.The business had revenue of $70.97 million for the quarter, compared to analyst estimates of $67.88 million. On average, research analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

Bain Capital Specialty Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend is Tuesday, September 16th. Bain Capital Specialty Finance’s dividend payout ratio is 101.20%.

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.