Starr International Co. Inc. purchased a new stake in shares of Bain Capital Specialty Finance Inc (NYSE:BCSF) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 689,273 shares of the company’s stock, valued at approximately $13,303,000. Bain Capital Specialty Finance accounts for 5.3% of Starr International Co. Inc.’s investment portfolio, making the stock its 3rd largest holding. Starr International Co. Inc. owned about 1.34% of Bain Capital Specialty Finance at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. C.V. Starr & Co. Inc. Trust acquired a new position in shares of Bain Capital Specialty Finance during the 1st quarter worth approximately $6,651,000. Bank of Montreal Can acquired a new position in shares of Bain Capital Specialty Finance during the 1st quarter worth approximately $1,544,000. Virtu Financial LLC acquired a new position in shares of Bain Capital Specialty Finance during the 1st quarter worth approximately $198,000. Stifel Financial Corp acquired a new position in shares of Bain Capital Specialty Finance during the 4th quarter worth approximately $224,000. Finally, Employees Retirement System of Texas acquired a new position in shares of Bain Capital Specialty Finance during the 4th quarter worth approximately $3,164,000. Hedge funds and other institutional investors own 10.64% of the company’s stock.
A number of research analysts recently weighed in on BCSF shares. Zacks Investment Research raised Bain Capital Specialty Finance from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. JMP Securities started coverage on Bain Capital Specialty Finance in a report on Wednesday, April 24th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Bain Capital Specialty Finance has a consensus rating of “Hold” and an average price target of $20.25.
BCSF traded down $0.02 during trading on Friday, hitting $18.98. The stock had a trading volume of 86,366 shares, compared to its average volume of 152,144. The company has a market capitalization of $970.50 million and a PE ratio of 13.09. 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 released its quarterly earnings results 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 net margin of 44.85% and a return on equity of 7.23%. On average, sell-side analysts predict that Bain Capital Specialty Finance Inc will post 1.73 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be paid a $0.41 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.64 annualized dividend and a yield of 8.64%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 113.10%.
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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.
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