Northern Trust Corp bought a new position in shares of Bain Capital Specialty Finance Inc (NYSE:BCSF) in the 4th quarter, Holdings Channel reports. The fund bought 22,071 shares of the company’s stock, valued at approximately $370,000.
Several other hedge funds also recently made changes to their positions in BCSF. Dimension Capital Management LLC bought a new stake in shares of Bain Capital Specialty Finance during the 4th quarter worth about $9,398,000. Mission Wealth Management LP bought a new stake in Bain Capital Specialty Finance in the 4th quarter valued at about $355,000. Finally, Bank of New York Mellon Corp bought a new stake in Bain Capital Specialty Finance in the 4th quarter valued at about $234,000. 9.34% of the stock is owned by institutional investors and hedge funds.
BCSF has been the subject of a number of recent research reports. JMP Securities initiated coverage on shares of Bain Capital Specialty Finance in a report on Wednesday, April 24th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded shares of Bain Capital Specialty Finance from a “hold” rating to a “sell” rating in a report on Monday, March 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Bain Capital Specialty Finance presently has an average rating of “Hold” and an average target price of $20.25.
Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings data on Thursday, February 28th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. The firm had revenue of $33.75 million during the quarter, compared to the consensus estimate of $35.65 million. Bain Capital Specialty Finance had a net margin of 26.82% and a return on equity of 6.87%. On average, equities research analysts expect that Bain Capital Specialty Finance Inc will post 1.74 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 8.27%. The ex-dividend date was Thursday, March 28th. Bain Capital Specialty Finance’s dividend payout ratio is currently 113.10%.
In other news, Director Jeffrey B. Hawkins bought 1,271 shares of the company’s stock in a transaction dated Tuesday, February 12th. The stock was bought at an average cost of $19.89 per share, for a total transaction of $25,280.19. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael A. Ewald bought 1,343 shares of the company’s stock in a transaction dated Tuesday, February 19th. The stock was purchased at an average price of $19.92 per share, with a total value of $26,752.56. The disclosure for this purchase can be found here. Insiders acquired a total of 15,315 shares of company stock valued at $305,192 in the last three months. Insiders own 0.15% of the company’s stock.
Bain Capital Specialty Finance Profile
Bain Capital Specialty Finance, Inc operates as a business development company (BDC) 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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