Hennion & Walsh Asset Management Inc. Increases Stock Holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Hennion & Walsh Asset Management Inc. increased its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 10.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 422,074 shares of the company’s stock after buying an additional 40,898 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.65% of Bain Capital Specialty Finance worth $6,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. CFO4Life Group LLC lifted its holdings in Bain Capital Specialty Finance by 2.8% in the 1st quarter. CFO4Life Group LLC now owns 29,248 shares of the company’s stock valued at $459,000 after purchasing an additional 787 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its holdings in Bain Capital Specialty Finance by 1.0% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 86,851 shares of the company’s stock valued at $1,362,000 after purchasing an additional 898 shares in the last quarter. Foster Victor Wealth Advisors LLC lifted its holdings in Bain Capital Specialty Finance by 5.3% in the 1st quarter. Foster Victor Wealth Advisors LLC now owns 20,000 shares of the company’s stock valued at $315,000 after purchasing an additional 1,000 shares in the last quarter. Confluence Investment Management LLC lifted its holdings in Bain Capital Specialty Finance by 1.0% in the 2nd quarter. Confluence Investment Management LLC now owns 118,519 shares of the company’s stock valued at $1,933,000 after purchasing an additional 1,183 shares in the last quarter. Finally, Cooper Financial Group lifted its holdings in Bain Capital Specialty Finance by 10.3% in the 2nd quarter. Cooper Financial Group now owns 12,791 shares of the company’s stock valued at $209,000 after purchasing an additional 1,195 shares in the last quarter.

Analyst Upgrades and Downgrades

BCSF has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their price objective on Bain Capital Specialty Finance from $16.50 to $17.00 and gave the company a “market perform” rating in a report on Thursday, May 23rd. Wells Fargo & Company reduced their price target on Bain Capital Specialty Finance from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th.

Bain Capital Specialty Finance Trading Down 0.4 %

Shares of NYSE BCSF traded down $0.06 during trading on Monday, hitting $16.35. 92,804 shares of the company were exchanged, compared to its average volume of 258,179. The company has a fifty day moving average price of $16.39 and a 200-day moving average price of $16.08. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.18 and a current ratio of 2.18. The firm has a market capitalization of $1.06 billion, a PE ratio of 8.21 and a beta of 1.12. Bain Capital Specialty Finance, Inc. has a 12-month low of $14.60 and a 12-month high of $17.08.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Bain Capital Specialty Finance had a return on equity of 12.64% and a net margin of 43.42%. The business had revenue of $72.27 million during the quarter. During the same period in the prior year, the firm posted $0.60 earnings per share. As a group, equities research analysts expect that Bain Capital Specialty Finance, Inc. will post 1.99 EPS for the current year.

Bain Capital Specialty Finance Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 10.28%. The ex-dividend date is Monday, September 30th. Bain Capital Specialty Finance’s payout ratio is 84.00%.

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.