Lansforsakringar Fondforvaltning AB publ Acquires New Shares in Bain Capital Specialty Finance, Inc. $BCSF

Key Points

• Lansforsakringar Fondforvaltning AB has invested $362,000 in Bain Capital Specialty Finance, Inc. by acquiring 21,800 shares in the first quarter.
• Analysts have upgraded Bain Capital Specialty Finance from a "hold" rating to a "strong-buy" rating, indicating increased investor confidence.
• The company reported earnings of $0.47 per share, surpassing analyst expectations and reflecting a strong net margin of 37.90%.

Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,800 shares of the company's stock, valued at approximately $362,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Mutual Advisors LLC boosted its stake in Bain Capital Specialty Finance by 5.1% during the first quarter. Mutual Advisors LLC now owns 15,762 shares of the company's stock worth $245,000 after buying an additional 768 shares during the period. Advisor OS LLC boosted its stake in Bain Capital Specialty Finance by 4.9% during the first quarter. Advisor OS LLC now owns 20,457 shares of the company's stock worth $340,000 after buying an additional 958 shares during the period. Janney Montgomery Scott LLC boosted its stake in Bain Capital Specialty Finance by 1.5% during the first quarter. Janney Montgomery Scott LLC now owns 77,209 shares of the company's stock worth $1,282,000 after buying an additional 1,107 shares during the period. Comerica Bank boosted its stake in Bain Capital Specialty Finance by 6.6% during the first quarter. Comerica Bank now owns 18,160 shares of the company's stock worth $301,000 after buying an additional 1,131 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in Bain Capital Specialty Finance by 14.5% during the fourth quarter. Lazard Asset Management LLC now owns 9,361 shares of the company's stock worth $164,000 after buying an additional 1,189 shares during the period.

Bain Capital Specialty Finance Trading Up 0.2%

Shares of NYSE:BCSF traded up $0.03 on Friday, hitting $15.68. 191,093 shares of the company's stock were exchanged, compared to its average volume of 228,920. Bain Capital Specialty Finance, Inc. has a 12 month low of $13.20 and a 12 month high of $19.21. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 9.44 and a beta of 0.83. The business's 50 day simple moving average is $15.30 and its two-hundred day simple moving average is $15.67. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.63 and a quick ratio of 3.63.

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, 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 during the quarter, compared to the consensus estimate of $67.88 million. Analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 10.7%. The ex-dividend date is Tuesday, September 16th. Bain Capital Specialty Finance's payout ratio is presently 101.20%.

Analyst Ratings Changes

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