Ethos Financial Group LLC Invests $582,000 in Bain Capital Specialty Finance, Inc. $BCSF

Key Points

• Ethos Financial Group LLC invested approximately $582,000 in Bain Capital Specialty Finance, acquiring 35,077 shares in the process.
• Several hedge funds, including Cresset Asset Management and Envestnet, also made significant investments in Bain Capital Specialty Finance during the fourth quarter.
• Bain Capital Specialty Finance announced a recent dividend with a payout ratio of 101.20%, reflecting strong financial performance with reported earnings per share surpassing analysts' expectations.

Ethos Financial Group LLC purchased a new position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 35,077 shares of the company's stock, valued at approximately $582,000. Ethos Financial Group LLC owned approximately 0.05% of Bain Capital Specialty Finance as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BCSF. LPL Financial LLC increased its holdings in Bain Capital Specialty Finance by 5.6% in the 4th quarter. LPL Financial LLC now owns 33,911 shares of the company's stock worth $594,000 after acquiring an additional 1,805 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Bain Capital Specialty Finance by 513.2% in the 4th quarter. Wells Fargo & Company MN now owns 304,337 shares of the company's stock worth $5,332,000 after acquiring an additional 254,706 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Bain Capital Specialty Finance by 2,071.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 329,873 shares of the company's stock worth $5,779,000 after acquiring an additional 314,683 shares in the last quarter. Invesco Ltd. increased its holdings in Bain Capital Specialty Finance by 25.2% in the 4th quarter. Invesco Ltd. now owns 75,536 shares of the company's stock worth $1,323,000 after acquiring an additional 15,185 shares in the last quarter. Finally, Advisory Services Network LLC increased its holdings in 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 in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BCSF shares. Wells Fargo & Company lowered 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. Zacks Research raised shares of Bain Capital Specialty Finance from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. One equities research 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 company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $16.50.

Bain Capital Specialty Finance Price Performance

BCSF traded up $0.1350 on Friday, hitting $15.4450. 298,664 shares of the company's stock were exchanged, compared to its average volume of 257,447. 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 3.63, a quick ratio of 3.63 and a debt-to-equity ratio of 1.37. The firm has a 50-day moving average price of $15.15 and a 200-day moving average price of $15.86. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 9.30 and a beta of 0.83.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.47 EPS for the quarter, topping 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 business had revenue of $70.97 million for the quarter, compared to analyst estimates of $67.88 million. As a group, equities 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 was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.03 per share. This represents a dividend yield of 1,166.0%. The ex-dividend date was Monday, June 16th. Bain Capital Specialty Finance's payout ratio is currently 101.20%.

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.