Bank of America Corp DE Acquires 133,753 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Bank of America Corp DE grew its position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,539,555 shares of the company's stock after acquiring an additional 133,753 shares during the quarter. Bank of America Corp DE owned 7.03% of Bain Capital Specialty Finance worth $79,533,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mascoma Wealth Management LLC bought a new position in Bain Capital Specialty Finance during the fourth quarter worth about $29,000. Aquatic Capital Management LLC acquired a new position in Bain Capital Specialty Finance during the fourth quarter worth $67,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Bain Capital Specialty Finance during the fourth quarter worth $151,000. XTX Topco Ltd bought a new position in shares of Bain Capital Specialty Finance during the fourth quarter valued at $197,000. Finally, Advisory Services Network LLC boosted its stake in shares of Bain Capital Specialty Finance by 16.3% in the 4th 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 in the last quarter.

Insider Activity at Bain Capital Specialty Finance

In other news, Director Clare Stack Richer bought 1,530 shares of the stock in a transaction on Monday, March 17th. The stock was purchased at an average price of $16.43 per share, for a total transaction of $25,137.90. Following the acquisition, the director now owns 20,835 shares in the company, valued at approximately $342,319.05. This trade represents a 7.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.59% of the company's stock.

Analysts Set New Price Targets

BCSF has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reduced their target price on Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company cut their price objective on Bain Capital Specialty Finance from $19.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, April 28th.

Bain Capital Specialty Finance Trading Up 1.0%

Bain Capital Specialty Finance stock traded up $0.16 during mid-day trading on Friday, hitting $15.67. The stock had a trading volume of 185,272 shares, compared to its average volume of 244,005. The stock has a 50-day simple moving average of $15.57 and a two-hundred day simple moving average of $16.81. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $1.02 billion, a PE ratio of 7.87 and a beta of 0.82. Bain Capital Specialty Finance, Inc. has a 12 month low of $13.20 and a 12 month high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The business had revenue of $52.84 million for the quarter, compared to analyst estimates of $71.00 million. As a group, sell-side analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Tuesday, December 16th. Bain Capital Specialty Finance's payout ratio is 96.55%.

Bain Capital Specialty Finance Profile

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.