Janney Montgomery Scott LLC Acquires 2,530 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Janney Montgomery Scott LLC grew its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,253 shares of the company’s stock after acquiring an additional 2,530 shares during the quarter. Janney Montgomery Scott LLC owned 0.12% of Bain Capital Specialty Finance worth $1,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in Bain Capital Specialty Finance by 1,551.4% in the 3rd quarter. International Assets Investment Management LLC now owns 526,706 shares of the company’s stock valued at $87,430,000 after purchasing an additional 494,812 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Bain Capital Specialty Finance by 18.4% in the 2nd quarter. Van ECK Associates Corp now owns 1,049,379 shares of the company’s stock valued at $17,116,000 after acquiring an additional 162,956 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Bain Capital Specialty Finance by 33.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 317,318 shares of the company’s stock valued at $5,175,000 after acquiring an additional 80,192 shares in the last quarter. Deerfield Management Company L.P. Series C boosted its holdings in shares of Bain Capital Specialty Finance by 213.8% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 79,569 shares of the company’s stock valued at $1,298,000 after acquiring an additional 54,213 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its position in Bain Capital Specialty Finance by 10.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 465,868 shares of the company’s stock worth $7,733,000 after acquiring an additional 43,794 shares during the last quarter.

Analysts Set New Price Targets

BCSF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $17.00 price target on shares of Bain Capital Specialty Finance in a research note on Wednesday, August 21st. Wells Fargo & Company dropped their price objective on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Thursday, August 8th.

Bain Capital Specialty Finance Stock Performance

NYSE BCSF opened at $16.88 on Friday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 8.48 and a beta of 1.13. 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, Inc. has a twelve month low of $14.75 and a twelve month high of $17.25. The stock has a fifty day simple moving average of $16.79 and a 200 day simple moving average of $16.60.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.03. The company had revenue of $72.54 million during the quarter. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. During the same period in the previous year, the company posted $0.55 EPS. Sell-side analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

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.