Bain Capital Specialty Finance (BCSF) Research Coverage Started at JMP Securities

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JMP Securities started coverage on shares of Bain Capital Specialty Finance (NYSE:BCSF) in a research note released on Wednesday morning, BenzingaRatingsTable reports. The brokerage issued a market perform rating on the stock.

Separately, Zacks Investment Research downgraded shares of Bain Capital Specialty Finance from a hold rating to a sell rating in a research note on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Bain Capital Specialty Finance currently has a consensus rating of Hold and a consensus target price of $20.25.

BCSF stock opened at $20.10 on Wednesday. Bain Capital Specialty Finance has a 52-week low of $15.14 and a 52-week high of $20.90.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings results on Thursday, February 28th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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%. Research analysts expect that Bain Capital Specialty Finance will post 1.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 8.16%. The ex-dividend date of this dividend was Thursday, March 28th. Bain Capital Specialty Finance’s dividend payout ratio is presently 113.10%.

In related news, insider Michael A. Ewald purchased 1,343 shares of Bain Capital Specialty Finance stock in a transaction on Tuesday, February 19th. The stock was acquired at an average cost of $19.92 per share, for a total transaction of $26,752.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey B. Hawkins purchased 1,271 shares of Bain Capital Specialty Finance stock in a transaction on Tuesday, February 12th. The stock was bought at an average price of $19.89 per share, with a total value of $25,280.19. The disclosure for this purchase can be found here. Insiders have purchased 15,315 shares of company stock valued at $305,192 in the last three months. 0.15% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of Bain Capital Specialty Finance during the first quarter valued at about $198,000. Stifel Financial Corp bought a new position in shares of Bain Capital Specialty Finance during the fourth quarter valued at about $224,000. Bank of New York Mellon Corp bought a new position in shares of Bain Capital Specialty Finance during the fourth quarter valued at about $234,000. Mission Wealth Management LP bought a new stake in Bain Capital Specialty Finance in the fourth quarter worth about $355,000. Finally, Northern Trust Corp bought a new stake in Bain Capital Specialty Finance in the fourth quarter worth about $370,000. Hedge funds and other institutional investors own 7.18% of the company’s stock.

About Bain Capital Specialty Finance

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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