Norden Group LLC Has $1.06 Million Position in Bain Capital Specialty Finance, Inc. $BCSF

Norden Group LLC increased its position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 145.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 75,820 shares of the company’s stock after buying an additional 44,877 shares during the quarter. Norden Group LLC’s holdings in Bain Capital Specialty Finance were worth $1,055,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. UBS Group AG lifted its stake in Bain Capital Specialty Finance by 2.9% in the 3rd quarter. UBS Group AG now owns 1,492,327 shares of the company’s stock valued at $21,266,000 after acquiring an additional 42,401 shares in the last quarter. Cresset Asset Management LLC grew its stake in shares of Bain Capital Specialty Finance by 20.9% during the 3rd quarter. Cresset Asset Management LLC now owns 1,452,327 shares of the company’s stock worth $20,696,000 after acquiring an additional 250,844 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Bain Capital Specialty Finance by 16.1% in the third quarter. Van ECK Associates Corp now owns 1,306,231 shares of the company’s stock valued at $18,614,000 after purchasing an additional 181,591 shares during the last quarter. Melia Wealth LLC raised its holdings in shares of Bain Capital Specialty Finance by 13.4% in 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. Finally, Muzinich & Co. Inc. lifted its position 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 in the last quarter.

Analyst Ratings Changes

A number of research firms recently weighed in on BCSF. Wells Fargo & Company decreased their target price on shares of Bain Capital Specialty Finance from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 3rd. Keefe, Bruyette & Woods cut their price target 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 analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.

Bain Capital Specialty Finance Stock Performance

Shares of NYSE BCSF opened at $12.05 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $781.62 million, a P/E ratio of 7.88 and a beta of 0.60. Bain Capital Specialty Finance, Inc. has a 12 month low of $11.82 and a 12 month high of $16.91. The stock has a 50 day moving average of $12.98 and a 200-day moving average of $13.74.

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

Bain Capital Specialty Finance Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be given a $0.42 dividend. The ex-dividend date of this dividend is Monday, March 16th. This is a boost from Bain Capital Specialty Finance’s previous quarterly dividend of $0.03. This represents a $1.68 annualized dividend and a dividend yield of 13.9%. Bain Capital Specialty Finance’s payout ratio is currently 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.