Mackenzie Financial Corp Takes $354,000 Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Mackenzie Financial Corp acquired a new stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,203 shares of the company's stock, valued at approximately $354,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. CFO4Life Group LLC grew its holdings in Bain Capital Specialty Finance by 2.5% in 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 period. Lazard Asset Management LLC boosted its holdings in shares of Bain Capital Specialty Finance by 14.5% in the 4th quarter. Lazard Asset Management LLC now owns 9,361 shares of the company's stock valued at $164,000 after purchasing an additional 1,189 shares during the last quarter. Comerica Bank grew 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 valued at $298,000 after buying an additional 1,292 shares during the period. Mascoma Wealth Management LLC acquired a new stake in shares of Bain Capital Specialty Finance during the 4th quarter worth $29,000. Finally, Advisory Services Network LLC increased its holdings in shares of Bain Capital Specialty Finance by 16.3% during the 4th quarter. Advisory Services Network LLC now owns 12,245 shares of the company's stock worth $215,000 after buying an additional 1,715 shares during the last quarter.

Analysts Set New Price Targets

BCSF has been the subject of a number of research reports. Wells Fargo & Company lowered 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 reduced their price objective on Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th.

Bain Capital Specialty Finance Trading Up 1.1%

BCSF traded up $0.17 during trading on Friday, hitting $15.62. 147,793 shares of the company's stock were exchanged, compared to its average volume of 238,564. Bain Capital Specialty Finance, Inc. has a 1 year low of $13.20 and a 1 year high of $19.21. The stock has a 50 day moving average price of $15.23 and a 200 day moving average price of $16.69. The firm has a market cap of $1.01 billion, a P/E ratio of 7.85 and a beta of 0.82. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The business had revenue of $52.84 million for the quarter, compared to analyst estimates of $71.00 million. As a group, analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Insider Transactions at Bain Capital Specialty Finance

In other news, Director Clare Stack Richer acquired 1,530 shares of the company's stock in a transaction dated Monday, March 17th. The shares were bought at an average price of $16.43 per share, for a total transaction of $25,137.90. Following the completion of the purchase, the director now directly owns 20,835 shares of the company's stock, valued at approximately $342,319.05. This trade represents a 7.93% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.59% of the company's stock.

About Bain Capital Specialty Finance

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.