Virtu Financial LLC Acquires New Stake in Bain Capital Specialty Finance Inc (NYSE:BCSF)

Virtu Financial LLC bought a new position in shares of Bain Capital Specialty Finance Inc (NYSE:BCSF) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,268 shares of the company’s stock, valued at approximately $198,000.

Several other hedge funds have also recently bought and sold shares of BCSF. Stifel Financial Corp purchased a new position in shares of Bain Capital Specialty Finance during the fourth quarter valued at about $224,000. Bank of New York Mellon Corp purchased a new position in shares of Bain Capital Specialty Finance during the fourth quarter valued at about $234,000. Mission Wealth Management LP purchased a new position in shares of Bain Capital Specialty Finance during the fourth quarter valued at about $355,000. Northern Trust Corp purchased a new position in shares of Bain Capital Specialty Finance during the fourth quarter valued at about $370,000. Finally, Employees Retirement System of Texas bought a new position in shares of Bain Capital Specialty Finance in the 4th quarter valued at about $3,164,000. Hedge funds and other institutional investors own 9.36% of the company’s stock.

A number of research analysts recently commented on BCSF shares. JMP Securities started coverage on shares of Bain Capital Specialty Finance in a report on Wednesday, April 24th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded shares of Bain Capital Specialty Finance from a “hold” rating to a “sell” rating in a report on Monday, March 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $20.25.

NYSE BCSF traded up $0.21 during trading on Wednesday, hitting $19.00. The stock had a trading volume of 176,600 shares, compared to its average volume of 152,360. The company has a market cap of $968.44 million and a P/E ratio of 13.10. Bain Capital Specialty Finance Inc has a one year low of $15.14 and a one year high of $20.90.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $39.89 million during the quarter, compared to the consensus estimate of $41.83 million. Bain Capital Specialty Finance had a return on equity of 7.23% and a net margin of 44.85%. As a group, research analysts predict that Bain Capital Specialty Finance Inc will post 1.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 8.63%. The ex-dividend date is Thursday, June 27th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 113.10%.

ILLEGAL ACTIVITY WARNING: “Virtu Financial LLC Acquires New Stake in Bain Capital Specialty Finance Inc (NYSE:BCSF)” was originally published by Sundance Herald and is owned by of Sundance Herald. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and international trademark & copyright legislation. The original version of this piece of content can be read at https://sundanceherald.com/2019/05/22/virtu-financial-llc-buys-new-holdings-in-bain-capital-specialty-finance-inc-bcsf.html.

Bain Capital Specialty Finance Profile

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.

Featured Article: What is insider trading?

Institutional Ownership by Quarter for Bain Capital Specialty Finance (NYSE:BCSF)

Receive News & Ratings for Bain Capital Specialty Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bain Capital Specialty Finance and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply