Magnetar Financial LLC Buys Shares of 18,067 Bain Capital Specialty Finance, Inc. $BCSF

Key Points

• Magnetar Financial LLC has purchased a new position in Bain Capital Specialty Finance, acquiring 18,067 shares valued at approximately $300,000 during the first quarter.
• Bain Capital Specialty Finance recently reported earnings of $0.47 per share, exceeding the expected $0.43, along with a revenue of $70.97 million for the quarter.
• The company has announced a quarterly dividend of $0.42, with a dividend yield of 10.6%, set to be paid on September 30th.

Magnetar Financial LLC bought a new position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,067 shares of the company's stock, valued at approximately $300,000.

Other institutional investors also recently bought and sold shares of the company. Aquatic Capital Management LLC purchased a new stake in shares of Bain Capital Specialty Finance in the fourth quarter worth approximately $67,000. Lazard Asset Management LLC boosted its stake in shares of Bain Capital Specialty Finance by 14.5% during the fourth quarter. Lazard Asset Management LLC now owns 9,361 shares of the company's stock valued at $164,000 after purchasing an additional 1,189 shares during the period. MQS Management LLC bought a new position in shares of Bain Capital Specialty Finance in the first quarter worth about $176,000. Jump Financial LLC purchased a new position in Bain Capital Specialty Finance in the 1st quarter worth about $200,000. Finally, Mutual Advisors LLC lifted its holdings in Bain Capital Specialty Finance by 5.1% during the 1st quarter. Mutual Advisors LLC now owns 15,762 shares of the company's stock valued at $245,000 after buying an additional 768 shares in the last quarter.

Bain Capital Specialty Finance Stock Up 0.2%

Shares of NYSE:BCSF traded up $0.03 during trading hours on Friday, hitting $15.68. The company's stock had a trading volume of 191,093 shares, compared to its average volume of 222,053. The firm's fifty day moving average price is $15.30 and its 200 day moving average price is $15.65. 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 capitalization of $1.02 billion, a price-to-earnings ratio of 9.44 and a beta of 0.83. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.63 and a quick ratio of 3.63.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.04. The firm had revenue of $70.97 million for the quarter, compared to the consensus estimate of $67.88 million. Bain Capital Specialty Finance had a net margin of 37.90% and a return on equity of 11.41%. As a group, research analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date is Tuesday, September 16th. Bain Capital Specialty Finance's dividend payout ratio is 101.20%.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Bain Capital Specialty Finance from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $16.50.

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.