Wells Fargo & Company MN Has $5.33 Million Stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Wells Fargo & Company MN boosted its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 513.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,337 shares of the company's stock after acquiring an additional 254,706 shares during the quarter. Wells Fargo & Company MN owned 0.47% of Bain Capital Specialty Finance worth $5,332,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp raised its holdings in shares of Bain Capital Specialty Finance by 13.8% in the fourth quarter. Van ECK Associates Corp now owns 1,088,471 shares of the company's stock valued at $19,070,000 after buying an additional 131,860 shares during the last quarter. Starr Indemnity & Liability Co bought a new stake in shares of Bain Capital Specialty Finance during the fourth quarter valued at approximately $10,477,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Bain Capital Specialty Finance by 0.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 468,313 shares of the company's stock valued at $8,205,000 after purchasing an additional 2,445 shares in the last quarter. Lake Street Advisors Group LLC bought a new position in Bain Capital Specialty Finance in the 4th quarter worth approximately $6,886,000. Finally, Columbus Macro LLC acquired a new position in Bain Capital Specialty Finance during the 4th quarter worth $5,544,000.

Insider Buying and Selling at Bain Capital Specialty Finance

In other Bain Capital Specialty Finance news, Director Clare Stack Richer bought 1,530 shares of the firm's stock in a transaction on Monday, March 17th. The stock was purchased at an average cost of $16.43 per share, with a total value of $25,137.90. Following the completion of the purchase, the director now owns 20,835 shares in the company, valued at approximately $342,319.05. The trade was a 7.93 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.59% of the company's stock.

Bain Capital Specialty Finance Trading Down 0.1 %

BCSF traded down $0.01 during trading on Friday, reaching $15.43. 61,594 shares of the company's stock were exchanged, compared to its average volume of 248,345. The company's fifty day moving average price is $16.46 and its 200-day moving average price is $16.96. The firm has a market capitalization of $997.01 million, a PE ratio of 7.75 and a beta of 0.79. Bain Capital Specialty Finance, Inc. has a fifty-two week low of $13.20 and a fifty-two week high of $19.21. 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 Thursday, February 27th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm had revenue of $73.30 million for the quarter, compared to analyst estimates of $67.50 million. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. As a group, equities analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Tuesday, December 16th. Bain Capital Specialty Finance's dividend payout ratio is currently 90.81%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BCSF. Keefe, Bruyette & Woods cut 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. Wells Fargo & Company upped their target price on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd.

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.