Raymond James Financial Inc. Purchases Shares of 84,604 Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Raymond James Financial Inc. purchased a new position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 84,604 shares of the company’s stock, valued at approximately $1,482,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BCSF. Van ECK Associates Corp grew its position in Bain Capital Specialty Finance by 13.8% during the fourth quarter. Van ECK Associates Corp now owns 1,088,471 shares of the company’s stock worth $19,070,000 after buying an additional 131,860 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Bain Capital Specialty Finance by 0.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 468,313 shares of the company’s stock valued at $8,205,000 after buying an additional 2,445 shares during the period. Lake Street Advisors Group LLC acquired a new position in shares of Bain Capital Specialty Finance in the 4th quarter valued at $6,886,000. Columbus Macro LLC bought a new position in shares of Bain Capital Specialty Finance during the 4th quarter worth about $5,544,000. Finally, Allworth Financial LP acquired a new stake in shares of Bain Capital Specialty Finance during the 4th quarter valued at about $5,459,000.

Bain Capital Specialty Finance Price Performance

Shares of BCSF stock opened at $16.70 on Wednesday. Bain Capital Specialty Finance, Inc. has a 1 year low of $15.29 and a 1 year high of $19.21. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. The firm’s 50 day moving average is $17.68 and its 200-day moving average is $17.24. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 8.39 and a beta of 1.10.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates 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%. 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be given a $0.03 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 dividend on an annualized basis and a yield of 0.72%. Bain Capital Specialty Finance’s payout ratio is 90.81%.

Insiders Place Their Bets

In related news, Director Clare Stack Richer acquired 1,530 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average price of $16.43 per share, for a total transaction of $25,137.90. Following the completion of the acquisition, the director now owns 20,835 shares of the company’s stock, valued at $342,319.05. This trade represents a 7.93 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BCSF. Keefe, Bruyette & Woods lifted their price target on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, March 4th. Wells Fargo & Company boosted their price objective on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd.

Bain Capital Specialty Finance 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.