Garner Asset Management Corp Takes Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Garner Asset Management Corp acquired a new position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 29,137 shares of the company's stock, valued at approximately $484,000.

Other large investors have also recently bought and sold shares of the company. Aquatic Capital Management LLC acquired a new stake in Bain Capital Specialty Finance during the fourth quarter worth about $67,000. Lazard Asset Management LLC boosted its stake in shares of Bain Capital Specialty Finance by 14.5% in the 4th 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 in the last quarter. MQS Management LLC acquired a new stake in shares of Bain Capital Specialty Finance in the 1st quarter valued at approximately $176,000. XTX Topco Ltd acquired a new stake in shares of Bain Capital Specialty Finance in the 4th quarter valued at approximately $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.

Analysts Set New Price Targets

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

Bain Capital Specialty Finance Price Performance

Shares of BCSF traded down $0.13 during mid-day trading on Thursday, reaching $15.37. The company had a trading volume of 217,128 shares, compared to its average volume of 296,633. The company's 50 day simple moving average is $15.35 and its 200 day simple moving average is $16.24. The company has a market capitalization of $996.73 million, a price-to-earnings ratio of 8.83 and a beta of 0.78. Bain Capital Specialty Finance, Inc. has a 1-year low of $13.20 and a 1-year high of $19.21. The company has a debt-to-equity ratio of 1.27, a quick ratio of 3.69 and a current ratio of 3.69.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. The business had revenue of $52.84 million during the quarter, compared to analyst estimates of $71.00 million. Bain Capital Specialty Finance had a net margin of 39.60% and a return on equity of 11.62%. Analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were issued a $0.03 dividend. The ex-dividend date was Monday, June 16th. This represents a yield of 11.66%. Bain Capital Specialty Finance's dividend payout ratio (DPR) is presently 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.