Rockefeller Capital Management L.P. Acquires 9,298 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Rockefeller Capital Management L.P. grew its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 3.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 280,124 shares of the company’s stock after purchasing an additional 9,298 shares during the period. Rockefeller Capital Management L.P.’s holdings in Bain Capital Specialty Finance were worth $4,908,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Bain Capital Specialty Finance by 47.0% during the third quarter. JPMorgan Chase & Co. now owns 224,528 shares of the company’s stock valued at $3,727,000 after purchasing an additional 71,806 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Bain Capital Specialty Finance by 14.6% in the 3rd quarter. Franklin Resources Inc. now owns 287,890 shares of the company’s stock valued at $4,779,000 after buying an additional 36,585 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Bain Capital Specialty Finance by 136.2% in the third quarter. Jane Street Group LLC now owns 24,092 shares of the company’s stock valued at $400,000 after buying an additional 13,892 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Bain Capital Specialty Finance during the fourth quarter worth $1,482,000. Finally, Columbus Macro LLC bought a new stake in Bain Capital Specialty Finance during the fourth quarter worth $5,544,000.

Bain Capital Specialty Finance Stock Performance

Shares of NYSE:BCSF opened at $14.96 on Friday. Bain Capital Specialty Finance, Inc. has a 12-month low of $13.20 and a 12-month high of $19.21. The company’s 50 day moving average price is $16.79 and its two-hundred day moving average price is $17.02. The firm has a market cap of $966.64 million, a PE ratio of 7.52 and a beta of 0.79. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $73.30 million for the quarter, compared to analyst estimates of $67.50 million. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. Equities research analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

Bain Capital Specialty Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.80%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance’s dividend payout ratio is currently 90.81%.

Analyst Upgrades and Downgrades

BCSF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods cut their target price on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company raised their price objective on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Monday, March 3rd.

Insider Transactions at Bain Capital Specialty Finance

In other Bain Capital Specialty Finance news, Director Clare Stack Richer purchased 1,530 shares of the stock in a transaction dated Monday, March 17th. The stock was bought at an average price of $16.43 per share, with a total value of $25,137.90. Following the acquisition, the director now owns 20,835 shares of the company’s stock, valued at approximately $342,319.05. This represents a 7.93 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.59% of the stock is currently owned by insiders.

About Bain Capital Specialty Finance

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.