Van ECK Associates Corp Sells 92,768 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Van ECK Associates Corp lessened its position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 8.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 956,611 shares of the company’s stock after selling 92,768 shares during the quarter. Van ECK Associates Corp owned about 1.48% of Bain Capital Specialty Finance worth $16,043,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BCSF. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Bain Capital Specialty Finance by 41.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 165,005 shares of the company’s stock valued at $2,587,000 after purchasing an additional 48,404 shares during the last quarter. LSV Asset Management bought a new position in Bain Capital Specialty Finance in the first quarter valued at approximately $847,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Bain Capital Specialty Finance by 2.8% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 237,126 shares of the company’s stock worth $3,718,000 after acquiring an additional 6,536 shares during the period. International Assets Investment Management LLC raised its position in shares of Bain Capital Specialty Finance by 1,551.4% during the 3rd quarter. International Assets Investment Management LLC now owns 526,706 shares of the company’s stock valued at $87,430,000 after acquiring an additional 494,812 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of Bain Capital Specialty Finance by 10.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 465,868 shares of the company’s stock valued at $7,733,000 after purchasing an additional 43,794 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BCSF. Wells Fargo & Company decreased their price objective on Bain Capital Specialty Finance from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $17.00 price target on shares of Bain Capital Specialty Finance in a research note on Wednesday, August 21st.

Bain Capital Specialty Finance Price Performance

BCSF opened at $16.45 on Wednesday. The company has a fifty day simple moving average of $16.82 and a 200 day simple moving average of $16.56. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.03. The stock has a market cap of $1.06 billion, a P/E ratio of 8.23 and a beta of 1.13. Bain Capital Specialty Finance, Inc. has a 12 month low of $14.75 and a 12 month high of $17.25.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04. The business had revenue of $72.27 million during the quarter. Bain Capital Specialty Finance had a return on equity of 12.09% and a net margin of 43.90%. During the same quarter in the prior year, the firm posted $0.60 earnings per share. On average, research analysts expect that Bain Capital Specialty Finance, Inc. will post 2.03 EPS for the current year.

Bain Capital Specialty Finance Company 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.