SeaCrest Wealth Management LLC Buys Shares of 16,250 Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

SeaCrest Wealth Management LLC purchased 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 disclosure with the Securities and Exchange Commission (SEC). The firm purchased 16,250 shares of the company's stock, valued at approximately $270,000.

Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE boosted its stake in Bain Capital Specialty Finance by 3.0% in the 4th quarter. Bank of America Corp DE now owns 4,539,555 shares of the company's stock worth $79,533,000 after purchasing an additional 133,753 shares during the period. Cresset Asset Management LLC bought a new stake in shares of Bain Capital Specialty Finance in the fourth quarter valued at about $25,006,000. Van ECK Associates Corp boosted its position in shares of Bain Capital Specialty Finance by 13.8% during the fourth quarter. Van ECK Associates Corp now owns 1,088,471 shares of the company's stock worth $19,070,000 after buying an additional 131,860 shares during the period. Melia Wealth LLC grew its holdings in shares of Bain Capital Specialty Finance by 2.8% during the fourth quarter. Melia Wealth LLC now owns 919,379 shares of the company's stock worth $16,108,000 after buying an additional 25,185 shares in the last quarter. Finally, Starr Indemnity & Liability Co bought a new position in shares of Bain Capital Specialty Finance during the fourth quarter worth about $10,477,000.

Bain Capital Specialty Finance Trading Up 1.1%

Bain Capital Specialty Finance stock opened at $15.62 on Monday. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 7.85 and a beta of 0.80. The firm has a 50-day moving average of $15.21 and a 200-day moving average of $16.68. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41. Bain Capital Specialty Finance, Inc. has a one year low of $13.20 and a one year high of $19.21.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company reduced 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 cut their price objective on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th.

Insider Activity

In other news, Director Clare Stack Richer bought 1,530 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of $16.43 per share, for a total transaction of $25,137.90. Following the purchase, the director now 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 document filed with the SEC, which is accessible through this link. 0.59% of the stock is currently owned by insiders.

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.

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