Bain Capital Specialty Finance, Inc. $BCSF Stock Purchased by Columbus Macro LLC

Key Points

• Columbus Macro LLC increased its BCSF holdings by 42.2% in the third quarter, acquiring 190,414 additional shares and bringing its position to 641,723 shares, worth approximately $7.1 million.
• Analyst sentiment weakened, with ratings including three Holds and one Sell; MarketBeat reports a consensus “Reduce” rating and a $12.60 price target.
• BCSF shares fell 1.6% to $10.45, while the company reported quarterly EPS of $0.44, exceeding estimates, and paid a $0.42 quarterly dividend representing a 16.1% yield.

Columbus Macro LLC lifted its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 42.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 641,723 shares of the company's stock after acquiring an additional 190,414 shares during the quarter. Columbus Macro LLC owned approximately 0.99% of Bain Capital Specialty Finance worth $7,085,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. First Heartland Consultants Inc. boosted its holdings in Bain Capital Specialty Finance by 15.6% in the third quarter. First Heartland Consultants Inc. now owns 11,709 shares of the company's stock valued at $129,000 after acquiring an additional 1,581 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Bain Capital Specialty Finance by 39.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 51,975 shares of the company's stock worth $574,000 after purchasing an additional 14,595 shares in the last quarter. Confluence Investment Management LLC raised its holdings in Bain Capital Specialty Finance by 2.9% in the 3rd quarter. Confluence Investment Management LLC now owns 90,153 shares of the company's stock worth $995,000 after purchasing an additional 2,523 shares in the last quarter. Corient Private Wealth LP purchased a new stake in shares of Bain Capital Specialty Finance in the 2nd quarter worth about $126,000. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Bain Capital Specialty Finance by 4.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 370,141 shares of the company's stock worth $4,634,000 after purchasing an additional 14,238 shares during the period.

Analyst Ratings Changes

A number of research analysts have weighed in on BCSF shares. Zacks Research downgraded Bain Capital Specialty Finance from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 18th. Keefe, Bruyette & Woods lowered Bain Capital Specialty Finance from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $15.00 to $13.00 in a research report on Monday, August 17th. Jefferies Financial Group set a $13.00 target price on Bain Capital Specialty Finance in a research note on Monday, August 17th. Wells Fargo & Company dropped their price target on Bain Capital Specialty Finance from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 12th. Finally, Capital One Financial set a $12.50 price target on Bain Capital Specialty Finance in a research report on Friday, September 18th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Bain Capital Specialty Finance presently has a consensus rating of "Reduce" and a consensus price target of $12.60.

Bain Capital Specialty Finance Stock Down 1.6%

BCSF stock traded down $0.17 during midday trading on Wednesday, hitting $10.45. The company's stock had a trading volume of 788,708 shares, compared to its average volume of 453,109. The company has a market cap of $678.15 million, a PE ratio of 10.56 and a beta of 0.60. Bain Capital Specialty Finance, Inc. has a 12 month low of $10.43 and a 12 month high of $14.70. The company has a current ratio of 7.20, a quick ratio of 7.20 and a debt-to-equity ratio of 1.39. The firm's 50-day moving average is $11.65 and its 200-day moving average is $12.45.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last issued its earnings results on Monday, August 10th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. Bain Capital Specialty Finance had a return on equity of 10.40% and a net margin of 24.22%. The business had revenue of $47.80 million for the quarter, compared to the consensus estimate of $64.44 million. On average, equities research analysts forecast that Bain Capital Specialty Finance, Inc. will post 1.64 earnings per share for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.68 annualized dividend and a dividend yield of 16.1%. Bain Capital Specialty Finance's dividend payout ratio (DPR) is 169.70%.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance, Inc NYSE: BCSF is a business development company that invests primarily in privately originated senior secured debt of middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation through investments in businesses across a range of industries.

BCSF's portfolio generally includes first-lien and second-lien loans, unitranche debt and other credit investments. It may also make equity investments, including warrants and preferred or common equity, in connection with its lending activities.

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