Catalina Capital Group LLC Takes $290,000 Position in Bain Capital Specialty Finance, Inc. $BCSF

Key Points

• Catalina Capital Group LLC has acquired a new position in Bain Capital Specialty Finance, purchasing 19,306 shares valued at approximately $290,000 during the 2nd quarter.
• Several hedge funds, including Cooper Financial Group and Janney Montgomery Scott LLC, have increased their stakes in Bain Capital specialty finance, reflecting growing confidence in the company.
• Analyst rankings for Bain Capital Specialty Finance have improved, with a recent upgrade from Zacks Research to a "strong-buy" rating, and a consensus price target set at $16.50.

Catalina Capital Group LLC bought a new position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 19,306 shares of the company's stock, valued at approximately $290,000.

Several other hedge funds have also added to or reduced their stakes in the business. Cooper Financial Group boosted its position in Bain Capital Specialty Finance by 14.4% during the 2nd quarter. Cooper Financial Group now owns 13,597 shares of the company's stock worth $205,000 after buying an additional 1,716 shares during the period. Janney Montgomery Scott LLC boosted its position in Bain Capital Specialty Finance by 8.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 84,060 shares of the company's stock worth $1,264,000 after buying an additional 6,851 shares during the period. Norden Group LLC boosted its position in Bain Capital Specialty Finance by 9.2% during the 2nd quarter. Norden Group LLC now owns 24,259 shares of the company's stock worth $365,000 after buying an additional 2,043 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new stake in Bain Capital Specialty Finance during the 2nd quarter worth approximately $185,000. Finally, Farther Finance Advisors LLC boosted its position in Bain Capital Specialty Finance by 13.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 14,560 shares of the company's stock worth $219,000 after buying an additional 1,705 shares during the period.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Bain Capital Specialty Finance from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $16.50.

Bain Capital Specialty Finance Stock Up 1.5%

Bain Capital Specialty Finance stock opened at $14.22 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.63 and a current ratio of 3.63. Bain Capital Specialty Finance, Inc. has a 52-week low of $13.20 and a 52-week high of $19.21. The firm has a 50 day moving average price of $15.09 and a two-hundred day moving average price of $15.30. The firm has a market cap of $922.13 million, a price-to-earnings ratio of 8.56 and a beta of 0.81.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.04. The company had revenue of $70.97 million during the quarter, compared to analyst estimates of $67.88 million. Bain Capital Specialty Finance had a net margin of 37.90% and a return on equity of 11.41%. Equities analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

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.

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