Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Shares Bought by Melia Wealth LLC

Melia Wealth LLC increased its position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 919,379 shares of the company's stock after buying an additional 25,185 shares during the quarter. Bain Capital Specialty Finance comprises approximately 8.4% of Melia Wealth LLC's holdings, making the stock its 3rd largest position. Melia Wealth LLC owned approximately 1.42% of Bain Capital Specialty Finance worth $16,108,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Rockefeller Capital Management L.P. grew its position in Bain Capital Specialty Finance by 3.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 280,124 shares of the company's stock worth $4,908,000 after buying an additional 9,298 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Bain Capital Specialty Finance in the 4th quarter worth $1,482,000. Texas Yale Capital Corp. raised its position in shares of Bain Capital Specialty Finance by 9.1% during the fourth quarter. Texas Yale Capital Corp. now owns 147,437 shares of the company's stock worth $2,583,000 after purchasing an additional 12,310 shares during the period. Advisory Services Network LLC lifted its holdings in shares of Bain Capital Specialty Finance by 16.3% during the fourth quarter. Advisory Services Network LLC now owns 12,245 shares of the company's stock valued at $215,000 after purchasing an additional 1,715 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Bain Capital Specialty Finance by 25.2% in the 4th quarter. Invesco Ltd. now owns 75,536 shares of the company's stock valued at $1,323,000 after purchasing an additional 15,185 shares during the period.

Insider Activity

In other news, Director Clare Stack Richer purchased 1,530 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average price of $16.43 per share, with a total value of $25,137.90. Following the purchase, the director now owns 20,835 shares in the company, valued at $342,319.05. This represents a 7.93 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.59% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on BCSF. Wells Fargo & Company raised their target price on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods decreased their price objective on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th.

Bain Capital Specialty Finance Stock Up 2.5 %

Bain Capital Specialty Finance stock traded up $0.37 during mid-day trading on Thursday, hitting $14.97. The company's stock had a trading volume of 102,303 shares, compared to its average volume of 249,391. Bain Capital Specialty Finance, Inc. has a 52-week low of $13.20 and a 52-week high of $19.21. The company has a market cap of $966.96 million, a PE ratio of 7.52 and a beta of 0.79. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41. The firm's 50 day moving average is $16.84 and its 200 day moving average is $17.03.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The business had revenue of $73.30 million during the quarter, compared to analyst estimates of $67.50 million. On average, analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

Bain Capital Specialty Finance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Tuesday, December 16th. Bain Capital Specialty Finance's dividend payout ratio is currently 90.81%.

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.