United Advisor Group LLC increased its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF – Free Report) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,958 shares of the company’s stock after acquiring an additional 3,149 shares during the quarter. United Advisor Group LLC’s holdings in Bain Capital Specialty Finance were worth $1,278,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Quarry LP lifted its stake in shares of Bain Capital Specialty Finance by 74.2% in the second quarter. Quarry LP now owns 2,976 shares of the company’s stock valued at $49,000 after buying an additional 1,268 shares in the last quarter. Register Financial Advisors LLC bought a new position in shares of Bain Capital Specialty Finance in the second quarter valued at approximately $130,000. BOKF NA bought a new stake in Bain Capital Specialty Finance during the second quarter worth $159,000. Farther Finance Advisors LLC bought a new position in Bain Capital Specialty Finance during the 3rd quarter valued at $182,000. Finally, Lazard Asset Management LLC boosted its holdings in Bain Capital Specialty Finance by 58.5% during the 1st quarter. Lazard Asset Management LLC now owns 12,410 shares of the company’s stock worth $194,000 after acquiring an additional 4,581 shares during the last quarter.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $17.00 price target on shares of Bain Capital Specialty Finance in a research report on Wednesday, August 21st. Wells Fargo & Company dropped their target price on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th.
Bain Capital Specialty Finance Price Performance
Shares of NYSE:BCSF opened at $16.40 on Tuesday. The company has a market capitalization of $1.06 billion, a P/E ratio of 8.20 and a beta of 1.13. The company’s 50-day moving average is $16.83 and its 200 day moving average is $16.56. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.80 and a current ratio of 1.80. Bain Capital Specialty Finance, Inc. has a fifty-two week low of $14.75 and a fifty-two week high of $17.25.
Bain Capital Specialty Finance (NYSE:BCSF – Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The firm had revenue of $72.27 million for the quarter. Bain Capital Specialty Finance had a net margin of 43.90% and a return on equity of 12.09%. During the same quarter in the previous year, the firm earned $0.60 earnings per share. On average, equities research analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.03 earnings per share for the current year.
About Bain Capital Specialty Finance
Bain Capital Specialty Finance, Inc is business development company 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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