Columbus Macro LLC Increases Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Columbus Macro LLC grew its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 7.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 340,580 shares of the company’s stock after acquiring an additional 24,160 shares during the period. Columbus Macro LLC’s holdings in Bain Capital Specialty Finance were worth $5,654,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BCSF. Foster Victor Wealth Advisors LLC increased its position in Bain Capital Specialty Finance by 10.0% during the 1st quarter. Foster Victor Wealth Advisors LLC now owns 22,000 shares of the company’s stock valued at $365,000 after buying an additional 2,000 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its stake in shares of Bain Capital Specialty Finance by 19.2% in the first quarter. Redhawk Wealth Advisors Inc. now owns 94,751 shares of the company’s stock worth $1,573,000 after acquiring an additional 15,292 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Bain Capital Specialty Finance during the first quarter valued at $270,000. United Advisor Group LLC increased its holdings in shares of Bain Capital Specialty Finance by 3.3% during the fourth quarter. United Advisor Group LLC now owns 79,504 shares of the company’s stock valued at $1,393,000 after acquiring an additional 2,546 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Bain Capital Specialty Finance in the 4th quarter worth about $354,000.

Analysts Set New Price Targets

Several analysts recently commented on BCSF shares. Keefe, Bruyette & Woods cut their price objective on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company cut their price target on shares of Bain Capital Specialty Finance from $19.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, April 28th.

Bain Capital Specialty Finance Price Performance

NYSE BCSF opened at $15.43 on Monday. Bain Capital Specialty Finance, Inc. has a one year low of $13.20 and a one year high of $19.21. The stock has a 50-day moving average of $15.26 and a 200 day moving average of $16.64. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 7.75 and a beta of 0.80. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The firm had revenue of $52.84 million for the quarter, compared to the consensus estimate of $71.00 million. On average, sell-side analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a $0.03 dividend. This represents a yield of 11.66%. The ex-dividend date of this dividend is Monday, June 16th. Bain Capital Specialty Finance’s dividend payout ratio is currently 96.55%.

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.