Bain Capital Specialty Finance, Inc. $BCSF Stock Position Raised by Cresset Asset Management LLC

Cresset Asset Management LLC grew its holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 20.9% in the third quarter, Holdings Channel.com reports. The firm owned 1,452,327 shares of the company’s stock after purchasing an additional 250,844 shares during the period. Cresset Asset Management LLC’s holdings in Bain Capital Specialty Finance were worth $20,696,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. North Ground Capital acquired a new stake in Bain Capital Specialty Finance during the third quarter valued at $2,494,000. Melia Wealth LLC grew its holdings in Bain Capital Specialty Finance by 13.4% during the third quarter. Melia Wealth LLC now owns 1,123,229 shares of the company’s stock valued at $16,006,000 after purchasing an additional 132,497 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Bain Capital Specialty Finance by 22.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 545,190 shares of the company’s stock worth $7,769,000 after acquiring an additional 98,222 shares during the period. Muzinich & Co. Inc. increased its stake in shares of Bain Capital Specialty Finance by 16.9% in the third quarter. Muzinich & Co. Inc. now owns 647,534 shares of the company’s stock worth $9,227,000 after purchasing an additional 93,732 shares during the period. Finally, Franklin Resources Inc. increased its position in Bain Capital Specialty Finance by 23.8% in the 2nd quarter. Franklin Resources Inc. now owns 448,139 shares of the company’s stock worth $6,740,000 after buying an additional 86,278 shares during the period.

Analyst Upgrades and Downgrades

BCSF has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Bain Capital Specialty Finance from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday. Wells Fargo & Company dropped their price objective on Bain Capital Specialty Finance from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Bain Capital Specialty Finance has an average rating of “Hold” and an average price target of $14.00.

Bain Capital Specialty Finance Trading Up 1.7%

Shares of BCSF opened at $12.77 on Thursday. The firm has a market capitalization of $828.39 million, a PE ratio of 8.35 and a beta of 0.60. The company has a quick ratio of 1.78, a current ratio of 1.82 and a debt-to-equity ratio of 1.32. Bain Capital Specialty Finance, Inc. has a 12-month low of $12.43 and a 12-month high of $17.93. The stock’s fifty day simple moving average is $13.49 and its 200-day simple moving average is $14.10.

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

Bain Capital Specialty Finance Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 13.2%. This is an increase from Bain Capital Specialty Finance’s previous quarterly dividend of $0.03. The ex-dividend date is Monday, March 16th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is 109.80%.

About Bain Capital Specialty Finance

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.