Norden Group LLC Has $1.06 Million Position in Bain Capital Specialty Finance, Inc. $BCSF

Norden Group LLC lifted its position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 145.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,820 shares of the company’s stock after acquiring an additional 44,877 shares during the period. Norden Group LLC owned approximately 0.12% of Bain Capital Specialty Finance worth $1,055,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CANADA LIFE ASSURANCE Co grew its holdings in Bain Capital Specialty Finance by 1.4% during the second quarter. CANADA LIFE ASSURANCE Co now owns 51,245 shares of the company’s stock valued at $771,000 after purchasing an additional 723 shares during the period. CFO4Life Group LLC raised its holdings in Bain Capital Specialty Finance by 2.9% in 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 during the period. Diversify Advisory Services LLC boosted its position in shares of Bain Capital Specialty Finance by 5.4% during the second quarter. Diversify Advisory Services LLC now owns 23,143 shares of the company’s stock worth $351,000 after purchasing an additional 1,193 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Bain Capital Specialty Finance by 52.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,604 shares of the company’s stock worth $54,000 after purchasing an additional 1,241 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Bain Capital Specialty Finance by 3.0% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 43,977 shares of the company’s stock valued at $661,000 after buying an additional 1,275 shares during the period.

Wall Street Analyst Weigh In

BCSF has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their price objective on Bain Capital Specialty Finance from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 3rd. Wells Fargo & Company decreased their target price on 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, March 3rd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Bain Capital Specialty Finance has a consensus rating of “Hold” and a consensus price target of $14.00.

Bain Capital Specialty Finance Stock Performance

Shares of BCSF opened at $12.05 on Friday. The firm has a market cap of $781.62 million, a P/E ratio of 7.88 and a beta of 0.60. Bain Capital Specialty Finance, Inc. has a twelve month low of $11.82 and a twelve month high of $16.91. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.82 and a current ratio of 1.82. The firm’s 50 day moving average price is $12.98 and its two-hundred day moving average price is $13.74.

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

Bain Capital Specialty Finance Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 13.9%. The ex-dividend date of this dividend is Monday, March 16th. This is a boost from Bain Capital Specialty Finance’s previous quarterly dividend of $0.03. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is currently 109.80%.

Bain Capital Specialty Finance Profile

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.