Zacks Investment Research cut shares of Bain Capital Specialty Finance (NYSE:BCSF – Get Rating) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning, Zacks.com reports.
According to Zacks, “Bain Capital Specialty Finance Inc. is a business development company. It focuses on investment in middle-market companies. Bain Capital Specialty Finance Inc. is based in Boston, United States. “
NYSE:BCSF opened at $15.27 on Tuesday. The company has a market capitalization of $985.86 million, a P/E ratio of 8.08, a P/E/G ratio of 1.03 and a beta of 1.31. The stock’s 50 day moving average price is $15.77 and its 200 day moving average price is $15.69. The company has a debt-to-equity ratio of 1.29, a quick ratio of 5.02 and a current ratio of 5.02. Bain Capital Specialty Finance has a 52 week low of $14.60 and a 52 week high of $16.28.
Bain Capital Specialty Finance (NYSE:BCSF – Get Rating) last posted its earnings results on Wednesday, February 23rd. The company reported $0.34 EPS for the quarter. The company had revenue of $51.53 million during the quarter. Bain Capital Specialty Finance had a net margin of 62.89% and a return on equity of 7.94%. During the same period in the prior year, the firm earned $0.34 earnings per share. As a group, sell-side analysts forecast that Bain Capital Specialty Finance will post 1.37 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Thursday, June 30th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 8.91%. The ex-dividend date of this dividend is Wednesday, June 29th. Bain Capital Specialty Finance’s dividend payout ratio is 71.96%.
In other Bain Capital Specialty Finance news, Director Thomas A. Hough acquired 6,272 shares of the business’s stock in a transaction that occurred on Friday, March 25th. The stock was acquired at an average price of $15.94 per share, with a total value of $99,975.68. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Clare Stack Richer bought 3,090 shares of the stock in a transaction on Thursday, March 3rd. The stock was acquired at an average cost of $16.18 per share, for a total transaction of $49,996.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 10,662 shares of company stock valued at $170,590. Corporate insiders own 0.50% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. CFO4Life Group LLC raised its position in shares of Bain Capital Specialty Finance by 2.2% during the first quarter. CFO4Life Group LLC now owns 33,927 shares of the company’s stock valued at $529,000 after buying an additional 726 shares during the last quarter. Van Hulzen Asset Management LLC raised its holdings in Bain Capital Specialty Finance by 2.3% in the 4th quarter. Van Hulzen Asset Management LLC now owns 40,437 shares of the company’s stock valued at $615,000 after acquiring an additional 923 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in shares of Bain Capital Specialty Finance by 15.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 8,432 shares of the company’s stock worth $131,000 after acquiring an additional 1,099 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Bain Capital Specialty Finance by 1.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 59,710 shares of the company’s stock worth $908,000 after purchasing an additional 1,116 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Bain Capital Specialty Finance by 3.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 39,062 shares of the company’s stock valued at $594,000 after purchasing an additional 1,126 shares during the period. Institutional investors own 49.33% of the company’s stock.
About Bain Capital Specialty Finance (Get Rating)
Bain Capital Specialty Finance, Inc operates as a business development company (BDC) 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.
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