Texas Yale Capital Corp. Boosts Holdings in Bain Capital Specialty Finance Inc (NYSE:BCSF)

Texas Yale Capital Corp. boosted its position in Bain Capital Specialty Finance Inc (NYSE:BCSF) by 93.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,492 shares of the company’s stock after buying an additional 30,146 shares during the period. Texas Yale Capital Corp. owned approximately 0.12% of Bain Capital Specialty Finance worth $1,164,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Chicago Capital LLC purchased a new stake in shares of Bain Capital Specialty Finance in the 2nd quarter worth about $647,000. Stephens Inc. AR purchased a new stake in shares of Bain Capital Specialty Finance in the 1st quarter worth about $444,000. Starr International Co. Inc. purchased a new stake in shares of Bain Capital Specialty Finance in the 1st quarter worth about $13,303,000. Bank of Montreal Can purchased a new stake in shares of Bain Capital Specialty Finance in the 1st quarter worth about $1,544,000. Finally, Northern Trust Corp purchased a new stake in shares of Bain Capital Specialty Finance in the 4th quarter worth about $370,000. Hedge funds and other institutional investors own 9.74% of the company’s stock.

Several research firms recently commented on BCSF. Zacks Investment Research lowered shares of Bain Capital Specialty Finance from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. JMP Securities began coverage on shares of Bain Capital Specialty Finance in a research report on Wednesday, April 24th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Bain Capital Specialty Finance presently has an average rating of “Hold” and a consensus target price of $20.25.

BCSF stock traded up $0.06 during trading on Tuesday, hitting $18.09. The stock had a trading volume of 11,934 shares, compared to its average volume of 132,134. The company has a 50 day moving average price of $18.31. Bain Capital Specialty Finance Inc has a 1-year low of $15.14 and a 1-year high of $20.90. The company has a market capitalization of $932.80 million and a PE ratio of 12.48.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). Bain Capital Specialty Finance had a net margin of 44.85% and a return on equity of 7.23%. The firm had revenue of $39.89 million during the quarter, compared to analyst estimates of $41.83 million. As a group, sell-side analysts anticipate that Bain Capital Specialty Finance Inc will post 1.68 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Friday, June 28th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 9.07%. The ex-dividend date of this dividend was Thursday, June 27th. Bain Capital Specialty Finance’s payout ratio is 113.10%.

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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Institutional Ownership by Quarter for Bain Capital Specialty Finance (NYSE:BCSF)

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