Cresset Asset Management LLC Grows Position in Bain Capital Specialty Finance, Inc. $BCSF

Cresset Asset Management LLC increased its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 20.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,452,327 shares of the company’s stock after purchasing an additional 250,844 shares during the quarter. Cresset Asset Management LLC owned approximately 2.24% of Bain Capital Specialty Finance worth $20,696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of BCSF. Melia Wealth LLC increased its stake in Bain Capital Specialty Finance by 13.4% in the third quarter. Melia Wealth LLC now owns 1,123,229 shares of the company’s stock valued at $16,006,000 after purchasing an additional 132,497 shares during the last quarter. Hager Investment Management Services LLC lifted its position in Bain Capital Specialty Finance by 3.3% during the third quarter. Hager Investment Management Services LLC now owns 169,531 shares of the company’s stock valued at $2,416,000 after buying an additional 5,389 shares in the last quarter. Garner Asset Management Corp lifted its holdings in shares of Bain Capital Specialty Finance by 64.3% during the 3rd quarter. Garner Asset Management Corp now owns 125,724 shares of the company’s stock valued at $1,881,000 after acquiring an additional 49,209 shares in the last quarter. CFO4Life Group LLC lifted its stake in shares of Bain Capital Specialty Finance by 2.9% during the third quarter. CFO4Life Group LLC now owns 31,813 shares of the company’s stock worth $453,000 after purchasing an additional 905 shares in the last quarter. Finally, Texas Yale Capital Corp. boosted its holdings in Bain Capital Specialty Finance by 3.3% in the 3rd quarter. Texas Yale Capital Corp. now owns 151,725 shares of the company’s stock worth $2,162,000 after acquiring an additional 4,893 shares during the period.

Bain Capital Specialty Finance Stock Performance

Shares of BCSF opened at $12.77 on Thursday. Bain Capital Specialty Finance, Inc. has a 52-week low of $12.43 and a 52-week high of $17.93. The company has a quick ratio of 1.78, a current ratio of 1.82 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $828.39 million, a PE ratio of 8.35 and a beta of 0.60. The firm has a 50-day moving average price of $13.49 and a 200 day moving average price of $14.10.

Bain Capital Specialty Finance (NYSE:BCSF) last released its earnings results on Thursday, February 26th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Bain Capital Specialty Finance had a return on equity of 10.74% and a net margin of 36.14%.The firm had revenue of $68.20 million during the quarter, compared to the consensus estimate of $68.48 million. On average, sell-side analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current fiscal year.

Bain Capital Specialty Finance Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date is Monday, March 16th. This is an increase from Bain Capital Specialty Finance’s previous quarterly dividend of $0.03. Bain Capital Specialty Finance’s payout ratio is presently 109.80%.

Analysts Set New Price Targets

BCSF has been the subject of a number of analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of Bain Capital Specialty Finance from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday. Wells Fargo & Company lowered their target price on shares of Bain Capital Specialty Finance from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Bain Capital Specialty Finance presently has an average rating of “Hold” and a consensus price target of $14.00.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.