Envestnet Asset Management Inc. Has $5.76 Million Stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Envestnet Asset Management Inc. grew its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 346,923 shares of the company's stock after purchasing an additional 17,050 shares during the period. Envestnet Asset Management Inc. owned approximately 0.53% of Bain Capital Specialty Finance worth $5,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. boosted its stake in Bain Capital Specialty Finance by 11.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 54,548 shares of the company's stock worth $906,000 after purchasing an additional 5,618 shares during the period. Invesco Ltd. boosted its stake in shares of Bain Capital Specialty Finance by 25.2% during the 4th quarter. Invesco Ltd. now owns 75,536 shares of the company's stock valued at $1,323,000 after buying an additional 15,185 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Bain Capital Specialty Finance during the 4th quarter valued at $1,482,000. Comerica Bank boosted its position in Bain Capital Specialty Finance by 8.2% during the fourth quarter. Comerica Bank now owns 17,029 shares of the company's stock valued at $298,000 after purchasing an additional 1,292 shares during the last quarter. Finally, LPL Financial LLC boosted its position in Bain Capital Specialty Finance by 5.6% during the fourth quarter. LPL Financial LLC now owns 33,911 shares of the company's stock valued at $594,000 after purchasing an additional 1,805 shares during the last quarter.

Bain Capital Specialty Finance Price Performance

Shares of Bain Capital Specialty Finance stock traded down $0.09 during mid-day trading on Friday, reaching $15.27. 152,800 shares of the stock were exchanged, compared to its average volume of 256,360. The company has a market cap of $990.56 million, a price-to-earnings ratio of 8.78 and a beta of 0.78. The firm has a 50-day simple moving average of $15.34 and a 200 day simple moving average of $16.21. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 1.27. Bain Capital Specialty Finance, Inc. has a fifty-two week low of $13.20 and a fifty-two week 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, 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 analyst estimates of $71.00 million. On average, sell-side analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

The company also recently declared a dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were issued a $0.03 dividend. This represents a dividend yield of 11.66%. The ex-dividend date of this dividend was Monday, June 16th. Bain Capital Specialty Finance's dividend payout ratio (DPR) is 96.55%.

Analyst Ratings Changes

A number of research analysts have weighed in on BCSF shares. Wells Fargo & Company cut their target price on shares of Bain Capital Specialty Finance from $19.00 to $16.00 and set an "overweight" rating for the company in a research report 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 for the company in a research note on Tuesday, April 8th.

Bain Capital Specialty Finance Company 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.