Dynamic Technology Lab Private Ltd Buys Shares of 33,549 Bain Capital Specialty Finance, Inc. $BCSF

Key Points

• Dynamic Technology Lab Private Ltd acquired 33,549 shares of Bain Capital Specialty Finance, Inc., valued at approximately $557,000, representing a 0.05% stake in the company.
• Bain Capital Specialty Finance recently declared a quarterly dividend of $0.42 per share, with a yield of 10.9%, although its payout ratio stands at 101.20%.
• Analysts have upgraded Bain Capital Specialty Finance from a "hold" to a "strong-buy" rating, with a consensus price target of $16.50.

Dynamic Technology Lab Private Ltd bought a new position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 33,549 shares of the company's stock, valued at approximately $557,000. Dynamic Technology Lab Private Ltd owned about 0.05% of Bain Capital Specialty Finance at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Melia Wealth LLC boosted its holdings in Bain Capital Specialty Finance by 1.4% during the first quarter. Melia Wealth LLC now owns 931,917 shares of the company's stock worth $15,470,000 after buying an additional 12,538 shares during the last quarter. Muzinich & Co. Inc. boosted its holdings in Bain Capital Specialty Finance by 13.3% during the first quarter. Muzinich & Co. Inc. now owns 362,026 shares of the company's stock worth $6,010,000 after buying an additional 42,501 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Bain Capital Specialty Finance by 11.6% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 349,254 shares of the company's stock worth $5,798,000 after buying an additional 36,422 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Bain Capital Specialty Finance by 5.2% during the first quarter. Envestnet Asset Management Inc. now owns 346,923 shares of the company's stock worth $5,759,000 after buying an additional 17,050 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Bain Capital Specialty Finance by 7.5% during the first quarter. Cetera Investment Advisers now owns 341,305 shares of the company's stock worth $5,666,000 after buying an additional 23,956 shares during the last quarter.

Analysts Set New Price Targets

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

Bain Capital Specialty Finance Stock Down 0.7%

Shares of NYSE:BCSF traded down $0.11 during trading on Friday, hitting $15.49. 444,639 shares of the company's stock traded hands, compared to its average volume of 227,243. Bain Capital Specialty Finance, Inc. has a 52 week low of $13.20 and a 52 week high of $19.21. The company has a current ratio of 3.63, a quick ratio of 3.63 and a debt-to-equity ratio of 1.37. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 9.33 and a beta of 0.83. The company has a 50-day moving average price of $15.34 and a 200-day moving average price of $15.57.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.43 by $0.04. The firm had revenue of $70.97 million for the quarter, compared to analysts' expectations of $67.88 million. Bain Capital Specialty Finance had a return on equity of 11.41% and a net margin of 37.90%. As a group, research analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

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.