Muzinich & Co. Inc. increased its stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 13.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 362,026 shares of the company's stock after buying an additional 42,501 shares during the quarter. Bain Capital Specialty Finance accounts for approximately 3.4% of Muzinich & Co. Inc.'s portfolio, making the stock its 9th largest holding. Muzinich & Co. Inc. owned 0.56% of Bain Capital Specialty Finance worth $6,010,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in shares of Bain Capital Specialty Finance by 3.0% in the fourth quarter. Bank of America Corp DE now owns 4,539,555 shares of the company's stock worth $79,533,000 after buying an additional 133,753 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in shares of Bain Capital Specialty Finance in the fourth quarter worth about $25,006,000. Melia Wealth LLC lifted its holdings in shares of Bain Capital Specialty Finance by 2.8% in the fourth quarter. Melia Wealth LLC now owns 919,379 shares of the company's stock worth $16,108,000 after buying an additional 25,185 shares in the last quarter. Starr Indemnity & Liability Co purchased a new stake in shares of Bain Capital Specialty Finance in the fourth quarter worth about $10,477,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Bain Capital Specialty Finance by 11.6% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 349,254 shares of the company's stock worth $5,798,000 after buying an additional 36,422 shares in the last quarter.
Bain Capital Specialty Finance Stock Performance
NYSE:BCSF traded down $0.22 during mid-day trading on Friday, reaching $15.53. The company's stock had a trading volume of 230,322 shares, compared to its average volume of 248,085. Bain Capital Specialty Finance, Inc. has a 12-month low of $13.20 and a 12-month high of $19.21. The firm's fifty day moving average price is $15.36 and its two-hundred day moving average price is $16.28. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 1.27. The stock has a market cap of $1.01 billion, a P/E ratio of 8.93 and a beta of 0.78.
Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last announced 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. Bain Capital Specialty Finance had a return on equity of 11.62% and a net margin of 39.60%. The company had revenue of $52.84 million during the quarter, compared to the consensus estimate of $71.00 million. On average, equities analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.
Bain Capital Specialty Finance Announces Dividend
The business also recently declared a dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a yield of 11.66%. Bain Capital Specialty Finance's payout ratio is presently 96.55%.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. 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 report on Tuesday, April 8th. 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 report on Monday, April 28th.
Check Out Our Latest Stock Analysis on Bain Capital Specialty Finance
Bain Capital Specialty Finance Profile
(
Free Report)
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.
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