Envestnet Asset Management Inc. Has $5.78 Million Stock Holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Envestnet Asset Management Inc. lifted its position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 2,071.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329,873 shares of the company's stock after buying an additional 314,683 shares during the period. Envestnet Asset Management Inc. owned about 0.51% of Bain Capital Specialty Finance worth $5,779,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Bain Capital Specialty Finance by 47.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 224,528 shares of the company's stock worth $3,727,000 after acquiring an additional 71,806 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Bain Capital Specialty Finance by 14.6% in the third quarter. Franklin Resources Inc. now owns 287,890 shares of the company's stock worth $4,779,000 after purchasing an additional 36,585 shares in the last quarter. Jane Street Group LLC boosted its holdings in Bain Capital Specialty Finance by 136.2% during the third quarter. Jane Street Group LLC now owns 24,092 shares of the company's stock worth $400,000 after purchasing an additional 13,892 shares during the last quarter. Raymond James Financial Inc. bought a new position in Bain Capital Specialty Finance in the fourth quarter valued at $1,482,000. Finally, Columbus Macro LLC acquired a new stake in Bain Capital Specialty Finance in the 4th quarter valued at $5,544,000.

Analyst Upgrades and Downgrades

BCSF has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an "overweight" rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods reduced their price target on Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th.

Bain Capital Specialty Finance Stock Performance

NYSE BCSF traded up $0.09 on Friday, hitting $15.53. 149,739 shares of the stock were exchanged, compared to its average volume of 245,958. The company has a market capitalization of $1.00 billion, a PE ratio of 7.80 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 business's fifty day moving average is $16.40 and its 200 day moving average is $16.95. Bain Capital Specialty Finance, Inc. has a 52 week low of $13.20 and a 52 week high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating 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 company had revenue of $73.30 million for the quarter, compared to analysts' expectations of $67.50 million. Research analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 annualized dividend and a dividend yield of 0.77%. Bain Capital Specialty Finance's dividend payout ratio is currently 90.81%.

Insider Buying and Selling

In other Bain Capital Specialty Finance news, Director Clare Stack Richer purchased 1,530 shares of the business's stock in a transaction 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 acquisition, the director now directly owns 20,835 shares of the company's stock, valued at $342,319.05. This trade represents a 7.93 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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.