84,604 Shares in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 84,604 shares of the company's stock, valued at approximately $1,482,000. Raymond James Financial Inc. owned about 0.13% of Bain Capital Specialty Finance at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Starr Indemnity & Liability Co purchased a new stake in Bain Capital Specialty Finance in the fourth quarter valued at $10,477,000. Lake Street Advisors Group LLC purchased a new stake in shares of Bain Capital Specialty Finance in the 4th quarter valued at about $6,886,000. Columbus Macro LLC purchased a new position in Bain Capital Specialty Finance during the 4th quarter worth approximately $5,544,000. Envestnet Asset Management Inc. increased its position in Bain Capital Specialty Finance by 2,071.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 329,873 shares of the company's stock worth $5,779,000 after buying an additional 314,683 shares during the period. Finally, Allworth Financial LP purchased a new stake in Bain Capital Specialty Finance in the fourth quarter valued at approximately $5,459,000.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BCSF shares. Wells Fargo & Company dropped their price target on Bain Capital Specialty Finance from $19.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Keefe, Bruyette & Woods decreased their price target 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.

Insider Activity

In other news, Director Clare Stack Richer acquired 1,530 shares of the business's stock in a transaction dated Monday, March 17th. The shares were bought at an average cost of $16.43 per share, for a total transaction of $25,137.90. Following the acquisition, the director now directly owns 20,835 shares in the company, valued at $342,319.05. This trade represents a 7.93 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.59% of the company's stock.

Bain Capital Specialty Finance Price Performance

BCSF stock traded up $0.23 during trading on Thursday, hitting $14.97. The stock had a trading volume of 73,154 shares, compared to its average volume of 320,273. 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 market cap of $971.09 million, a price-to-earnings ratio of 7.52 and a beta of 0.82. The company's 50 day moving average price is $15.86 and its two-hundred day moving average price is $16.87. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.50 EPS for the quarter, topping 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 net margin of 43.62% and a return on equity of 11.90%. On average, sell-side analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.80%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance's dividend payout ratio (DPR) is 90.81%.

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.