Cetera Investment Advisers Takes Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Cetera Investment Advisers purchased a new position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 317,349 shares of the company's stock, valued at approximately $5,560,000. Cetera Investment Advisers owned about 0.49% of Bain Capital Specialty Finance at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Bank of America Corp DE lifted its position in shares of Bain Capital Specialty Finance by 3.0% in the fourth quarter. Bank of America Corp DE now owns 4,539,555 shares of the company's stock worth $79,533,000 after buying an additional 133,753 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Bain Capital Specialty Finance by 21.3% during the 4th quarter. Ameriprise Financial Inc. now owns 142,632 shares of the company's stock worth $2,499,000 after acquiring an additional 25,017 shares during the period. Comerica Bank lifted its position in Bain Capital Specialty Finance by 8.2% during the 4th quarter. Comerica Bank now owns 17,029 shares of the company's stock worth $298,000 after acquiring an additional 1,292 shares during the period. Northern Trust Corp raised its stake in shares of Bain Capital Specialty Finance by 16.5% during the 4th quarter. Northern Trust Corp now owns 43,204 shares of the company's stock valued at $757,000 after buying an additional 6,106 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in shares of Bain Capital Specialty Finance in the 4th quarter valued at about $67,000.

Bain Capital Specialty Finance Stock Up 1.0%

Shares of Bain Capital Specialty Finance stock traded up $0.16 during trading hours on Friday, reaching $15.67. 185,272 shares of the company were exchanged, compared to its average volume of 243,858. Bain Capital Specialty Finance, Inc. has a 1 year low of $13.20 and a 1 year high of $19.21. The firm has a market cap of $1.02 billion, a PE ratio of 7.87 and a beta of 0.82. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41. The stock's fifty day moving average is $15.55 and its 200 day moving average is $16.81.

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

Bain Capital Specialty Finance Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wells Fargo & Company lowered their price objective on Bain Capital Specialty Finance from $19.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Keefe, Bruyette & Woods decreased their price objective 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.

Insider Activity at Bain Capital Specialty Finance

In other news, Director Clare Stack Richer acquired 1,530 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average cost of $16.43 per share, with a total value of $25,137.90. Following the completion of the acquisition, the director now directly owns 20,835 shares in the company, valued at $342,319.05. This represents a 7.93% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.59% of the stock is owned by insiders.

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.