Van ECK Associates Corp Raises Stock Position in Bain Capital Specialty Finance, Inc. $BCSF

Van ECK Associates Corp increased its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 16.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,306,231 shares of the company’s stock after purchasing an additional 181,591 shares during the period. Van ECK Associates Corp owned 2.01% of Bain Capital Specialty Finance worth $18,614,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC lifted its stake in shares of Bain Capital Specialty Finance by 52.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,604 shares of the company’s stock worth $54,000 after purchasing an additional 1,241 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in shares of Bain Capital Specialty Finance in the third quarter valued at about $55,000. Security National Bank acquired a new stake in shares of Bain Capital Specialty Finance in the third quarter valued at about $66,000. Quantbot Technologies LP purchased a new stake in shares of Bain Capital Specialty Finance during the 2nd quarter valued at about $121,000. Finally, U.S. Capital Wealth Advisors LLC lifted its position in Bain Capital Specialty Finance by 13.8% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 14,000 shares of the company’s stock worth $200,000 after acquiring an additional 1,700 shares in the last quarter.

Bain Capital Specialty Finance Stock Up 0.0%

Shares of BCSF traded up $0.01 during trading on Friday, reaching $12.43. The company’s stock had a trading volume of 117,043 shares, compared to its average volume of 542,547. The company has a market cap of $806.01 million, a price-to-earnings ratio of 8.12 and a beta of 0.60. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.32. The company has a fifty day moving average of $13.34 and a two-hundred day moving average of $13.99. Bain Capital Specialty Finance, Inc. has a twelve month low of $12.28 and a twelve month high of $17.04.

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

Bain Capital Specialty Finance Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.68 annualized dividend and a yield of 13.5%. This is an increase from Bain Capital Specialty Finance’s previous quarterly dividend of $0.03. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is 109.80%.

Analyst Ratings Changes

BCSF has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price target on Bain Capital Specialty Finance from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, March 3rd. Keefe, Bruyette & Woods reduced 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. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.00.

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.