Ameriprise Financial Inc. Buys 25,017 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Ameriprise Financial Inc. lifted its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 21.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 142,632 shares of the company's stock after purchasing an additional 25,017 shares during the period. Ameriprise Financial Inc. owned 0.22% of Bain Capital Specialty Finance worth $2,499,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in Bain Capital Specialty Finance by 13.8% during the fourth quarter. Van ECK Associates Corp now owns 1,088,471 shares of the company's stock worth $19,070,000 after purchasing an additional 131,860 shares during the period. Melia Wealth LLC raised its stake in Bain Capital Specialty Finance by 2.8% in the fourth quarter. Melia Wealth LLC now owns 919,379 shares of the company's stock valued at $16,108,000 after buying an additional 25,185 shares during the period. Starr Indemnity & Liability Co acquired a new stake in shares of Bain Capital Specialty Finance in the fourth quarter valued at approximately $10,477,000. Lake Street Advisors Group LLC bought a new position in shares of Bain Capital Specialty Finance during the 4th quarter worth approximately $6,886,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Bain Capital Specialty Finance by 2,071.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 329,873 shares of the company's stock worth $5,779,000 after acquiring an additional 314,683 shares during the period.

Bain Capital Specialty Finance Stock Performance

Bain Capital Specialty Finance stock traded up $0.07 during trading hours on Friday, hitting $15.71. The company had a trading volume of 172,311 shares, compared to its average volume of 239,343. The firm has a 50-day moving average of $15.32 and a 200 day moving average of $16.72. 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 firm has a market cap of $1.02 billion, a PE ratio of 7.89 and a beta of 0.82. Bain Capital Specialty Finance, Inc. has a one year low of $13.20 and a one year high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last announced its earnings results 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 for the quarter, compared to analyst estimates of $71.00 million. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. On average, sell-side analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

Bain Capital Specialty Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.76%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance's payout ratio is 96.55%.

Insider Transactions at Bain Capital Specialty Finance

In other Bain Capital Specialty Finance news, Director Clare Stack Richer acquired 1,530 shares of the business's stock in a transaction on Monday, March 17th. The stock was purchased 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 approximately $342,319.05. This trade represents a 7.93% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BCSF shares. Wells Fargo & Company dropped their price target on 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 dropped their price objective 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 report on Tuesday, April 8th.

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.