PDT Partners LLC Invests $956,000 in Bain Capital Specialty Finance, Inc. $BCSF

Key Points

• PDT Partners LLC has acquired 57,574 shares of Bain Capital Specialty Finance, valued at approximately $956,000, representing about 0.09% of the company.
• Shares of Bain Capital Specialty Finance opened at $15.61 with a market cap of $1.01 billion and a price-to-earnings ratio of 9.40.
• Zacks Research upgraded Bain Capital Specialty Finance from a "hold" to a "strong-buy" rating, and it has a consensus rating of "Buy" with an average target price of $16.50.

PDT Partners LLC acquired a new stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 57,574 shares of the company's stock, valued at approximately $956,000. PDT Partners LLC owned 0.09% of Bain Capital Specialty Finance at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of BCSF. Quarry LP acquired a new stake in shares of Bain Capital Specialty Finance during the first quarter worth $100,000. Lazard Asset Management LLC increased its position in shares of Bain Capital Specialty Finance by 14.5% in the fourth quarter. Lazard Asset Management LLC now owns 9,361 shares of the company's stock valued at $164,000 after buying an additional 1,189 shares in the last quarter. MQS Management LLC purchased a new stake in Bain Capital Specialty Finance during the 1st quarter worth about $176,000. Jump Financial LLC acquired a new stake in Bain Capital Specialty Finance in the 1st quarter worth about $200,000. Finally, Mutual Advisors LLC boosted its stake in Bain Capital Specialty Finance by 5.1% in the 1st 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 last quarter.

Analyst Ratings Changes

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

Bain Capital Specialty Finance Stock Performance

Shares of BCSF stock traded up $0.04 on Tuesday, hitting $15.70. 94,672 shares of the stock traded hands, compared to its average volume of 285,946. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.63 and a quick ratio of 3.63. The company has a market capitalization of $1.02 billion, a PE ratio of 9.45 and a beta of 0.83. Bain Capital Specialty Finance, Inc. has a 1-year low of $13.20 and a 1-year high of $19.21. The company's fifty day moving average is $15.31 and its 200 day moving average is $15.63.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. The business had revenue of $70.97 million for the quarter, compared to analyst estimates of $67.88 million. Bain Capital Specialty Finance had a return on equity of 11.41% and a net margin of 37.90%. On average, equities research analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current fiscal year.

Bain Capital Specialty Finance Dividend Announcement

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 given 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 10.7%. Bain Capital Specialty Finance's dividend payout ratio (DPR) is currently 101.20%.

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.