Cubist Systematic Strategies LLC Makes New $2.02 Million Investment in Bain Capital Specialty Finance, Inc. $BCSF

Key Points

• Cubist Systematic Strategies LLC made a new investment in Bain Capital Specialty Finance, Inc., acquiring 121,933 shares valued at approximately $2.02 million.
• Bain Capital Specialty Finance reported a quarterly earnings per share (EPS) of $0.47, exceeding analysts' expectations of $0.43.
• The company declared a quarterly dividend of $0.42, resulting in an annualized dividend yield of 10.7%.

Cubist Systematic Strategies LLC acquired a new position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 121,933 shares of the company's stock, valued at approximately $2,024,000. Cubist Systematic Strategies LLC owned approximately 0.19% of Bain Capital Specialty Finance as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of BCSF. Northern Trust Corp boosted its stake in Bain Capital Specialty Finance by 16.5% in the fourth quarter. Northern Trust Corp now owns 43,204 shares of the company's stock worth $757,000 after purchasing an additional 6,106 shares in the last quarter. Comerica Bank boosted its stake in Bain Capital Specialty Finance by 8.2% in the fourth quarter. Comerica Bank now owns 17,029 shares of the company's stock worth $298,000 after purchasing an additional 1,292 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Bain Capital Specialty Finance by 21.3% during the fourth quarter. Ameriprise Financial Inc. now owns 142,632 shares of the company's stock valued at $2,499,000 after acquiring an additional 25,017 shares during the period. Bank of America Corp DE lifted its stake in shares of Bain Capital Specialty Finance by 3.0% during the fourth quarter. Bank of America Corp DE now owns 4,539,555 shares of the company's stock valued at $79,533,000 after acquiring an additional 133,753 shares during the period. Finally, Cetera Investment Advisers acquired a new position in shares of Bain Capital Specialty Finance during the fourth quarter valued at $5,560,000.

Bain Capital Specialty Finance Trading Down 0.7%

NYSE:BCSF traded down $0.11 during mid-day trading on Friday, hitting $15.49. The company had a trading volume of 444,639 shares, compared to its average volume of 227,243. Bain Capital Specialty Finance, Inc. has a fifty-two week low of $13.20 and a fifty-two week high of $19.21. The business's fifty day moving average is $15.34 and its two-hundred day moving average is $15.59. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.63 and a current ratio of 3.63. The firm has a market cap of $1.00 billion, a P/E ratio of 9.33 and a beta of 0.83.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released its earnings results 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. Bain Capital Specialty Finance had a return on equity of 11.41% and a net margin of 37.90%.The firm had revenue of $70.97 million for the quarter, compared to analyst estimates of $67.88 million. As a group, research analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

Bain Capital Specialty Finance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.68 annualized dividend and a yield of 10.8%. Bain Capital Specialty Finance's dividend payout ratio is presently 101.20%.

Analyst Ratings Changes

Separately, Zacks Research raised Bain Capital Specialty Finance from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $16.50.

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.