Columbus Macro LLC Purchases 24,160 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Columbus Macro LLC lifted its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 7.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 340,580 shares of the company's stock after acquiring an additional 24,160 shares during the quarter. Columbus Macro LLC owned about 0.53% of Bain Capital Specialty Finance worth $5,654,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CFO4Life Group LLC lifted its stake in Bain Capital Specialty Finance by 2.5% during the fourth quarter. CFO4Life Group LLC now owns 31,499 shares of the company's stock valued at $552,000 after purchasing an additional 769 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Bain Capital Specialty Finance by 14.5% during the 4th quarter. Lazard Asset Management LLC now owns 9,361 shares of the company's stock valued at $164,000 after acquiring an additional 1,189 shares during the last quarter. Comerica Bank boosted its stake in shares of Bain Capital Specialty Finance by 8.2% during the 4th quarter. Comerica Bank now owns 17,029 shares of the company's stock worth $298,000 after acquiring an additional 1,292 shares in the last quarter. Mascoma Wealth Management LLC bought a new stake in shares of Bain Capital Specialty Finance during the 4th quarter worth $29,000. Finally, Advisory Services Network LLC grew its holdings in shares of Bain Capital Specialty Finance by 16.3% in the 4th quarter. Advisory Services Network LLC now owns 12,245 shares of the company's stock worth $215,000 after acquiring an additional 1,715 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BCSF. Wells Fargo & Company decreased their price target on 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 decreased 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 report on Tuesday, April 8th.

Bain Capital Specialty Finance Stock Up 0.7%

NYSE:BCSF traded up $0.11 during trading hours on Thursday, hitting $14.99. 148,597 shares of the stock traded hands, compared to its average volume of 239,808. The firm has a 50 day moving average price of $15.27 and a 200 day moving average price of $16.60. The firm has a market cap of $972.40 million, a price-to-earnings ratio of 8.61 and a beta of 0.80. Bain Capital Specialty Finance, Inc. has a fifty-two week low of $13.20 and a fifty-two week high of $19.21. 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 (NYSE:BCSF - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The firm had revenue of $52.84 million during the quarter, compared to analyst estimates of $71.00 million. Bain Capital Specialty Finance had a return on equity of 11.62% and a net margin of 39.60%. Equities research analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

Bain Capital Specialty Finance Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.03 per share. This represents a dividend yield of 11.66%. The ex-dividend date is Monday, June 16th. Bain Capital Specialty Finance's dividend payout ratio is currently 96.55%.

Bain Capital Specialty Finance 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.