Zacks Investment Research upgraded shares of Bain Capital Specialty Finance (NYSE:BCSF) from a sell rating to a hold rating in a research report report published on Wednesday morning, Zacks.com reports.
According to Zacks, “Bain Capital Specialty Finance Inc. is a business development company. It focuses on investment in middle-market companies. Bain Capital Specialty Finance Inc. is based in Boston, United States. “
Separately, JMP Securities started coverage on shares of Bain Capital Specialty Finance in a research note on Wednesday, April 24th. They issued a market perform rating for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $20.25.
Bain Capital Specialty Finance (NYSE:BCSF) last issued its earnings results on Thursday, February 28th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Bain Capital Specialty Finance had a net margin of 44.85% and a return on equity of 7.23%. The firm had revenue of $33.75 million during the quarter, compared to the consensus estimate of $35.65 million. On average, equities analysts expect that Bain Capital Specialty Finance will post 1.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 8.75%. The ex-dividend date of this dividend is Thursday, June 27th. Bain Capital Specialty Finance’s payout ratio is presently 113.10%.
In related news, insider Michael A. Ewald acquired 1,343 shares of the stock in a transaction dated Tuesday, February 19th. The stock was bought at an average price of $19.92 per share, with a total value of $26,752.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought 5,159 shares of company stock valued at $103,555 in the last three months. 0.15% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Great West Life Assurance Co. Can bought a new stake in shares of Bain Capital Specialty Finance during the first quarter worth $46,000. Wells Fargo & Company MN bought a new stake in shares of Bain Capital Specialty Finance during the first quarter worth $131,000. Virtu Financial LLC bought a new stake in shares of Bain Capital Specialty Finance during the first quarter worth $198,000. Stifel Financial Corp bought a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth $224,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth $234,000. 9.36% of the stock is owned by institutional investors.
Bain Capital Specialty Finance Company 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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