Cetera Investment Advisers Increases Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Key Points

• Cetera Investment Advisers increased its holdings in Bain Capital Specialty Finance by 7.5%, owning 341,305 shares valued at $5.67 million as of the latest reporting period.
• Analysts have adjusted their price targets for Bain Capital Specialty Finance, with Wells Fargo lowering it from $19.00 to $16.00 and Keefe, Bruyette & Woods from $18.00 to $17.00.
• Bain Capital Specialty Finance announced a dividend of $0.03 per share, with a substantial dividend yield of 1,166.0% reported in its latest disclosure.

Cetera Investment Advisers boosted its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 7.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 341,305 shares of the company's stock after buying an additional 23,956 shares during the quarter. Cetera Investment Advisers owned approximately 0.53% of Bain Capital Specialty Finance worth $5,666,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Advisor OS LLC raised its position in shares of Bain Capital Specialty Finance by 4.9% during the 1st quarter. Advisor OS LLC now owns 20,457 shares of the company's stock valued at $340,000 after buying an additional 958 shares in the last quarter. Triumph Capital Management raised its position in shares of Bain Capital Specialty Finance by 3.3% during the 1st quarter. Triumph Capital Management now owns 52,361 shares of the company's stock valued at $869,000 after buying an additional 1,675 shares in the last quarter. Garner Asset Management Corp purchased a new stake in shares of Bain Capital Specialty Finance during the 1st quarter valued at about $484,000. Gries Financial LLC raised its position in Bain Capital Specialty Finance by 7.3% in the 1st quarter. Gries Financial LLC now owns 214,859 shares of the company's stock worth $3,567,000 after purchasing an additional 14,570 shares during the period. Finally, Muzinich & Co. Inc. raised its position in Bain Capital Specialty Finance by 13.3% in the 1st quarter. Muzinich & Co. Inc. now owns 362,026 shares of the company's stock worth $6,010,000 after purchasing an additional 42,501 shares during the period.

Bain Capital Specialty Finance Stock Performance

Shares of Bain Capital Specialty Finance stock traded up $0.14 during trading on Tuesday, hitting $14.82. 341,302 shares of the company's stock were exchanged, compared to its average volume of 294,809. The company has a debt-to-equity ratio of 1.27, a quick ratio of 3.69 and a current ratio of 3.69. The business has a 50-day simple moving average of $15.27 and a 200-day simple moving average of $16.10. Bain Capital Specialty Finance, Inc. has a 52-week low of $13.20 and a 52-week high of $19.21. The stock has a market capitalization of $961.37 million, a price-to-earnings ratio of 8.52 and a beta of 0.83.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last posted its quarterly 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. Bain Capital Specialty Finance had a net margin of 39.60% and a return on equity of 11.62%. The firm had revenue of $52.84 million for the quarter, compared to analyst estimates of $71.00 million. On average, research analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were paid a dividend of $0.03 per share. This represents a yield of 1,166.0%. The ex-dividend date of this dividend was Monday, June 16th. Bain Capital Specialty Finance's dividend payout ratio is presently 96.55%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of 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 lowered their target price 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.