Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Shares Sold by Dimension Capital Management LLC

Dimension Capital Management LLC decreased its position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 11.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 587,609 shares of the company's stock after selling 79,370 shares during the period. Bain Capital Specialty Finance comprises approximately 1.7% of Dimension Capital Management LLC's portfolio, making the stock its 11th biggest holding. Dimension Capital Management LLC owned 0.91% of Bain Capital Specialty Finance worth $10,295,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Jane Street Group LLC lifted its stake in shares of Bain Capital Specialty Finance by 136.2% during 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 during the period. Franklin Resources Inc. lifted its stake in shares of Bain Capital Specialty Finance by 14.6% during the third 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 period. JPMorgan Chase & Co. lifted its stake in shares of 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 buying an additional 71,806 shares during the period. Graypoint LLC boosted its stake in Bain Capital Specialty Finance by 2.1% in the 4th quarter. Graypoint LLC now owns 105,271 shares of the company's stock worth $1,844,000 after buying an additional 2,159 shares during the last quarter. Finally, Cooper Financial Group boosted its stake in Bain Capital Specialty Finance by 7.5% in the 4th quarter. Cooper Financial Group now owns 15,064 shares of the company's stock worth $264,000 after buying an additional 1,053 shares during the last quarter.

Insiders Place Their Bets

In other Bain Capital Specialty Finance news, Director Clare Stack Richer acquired 1,530 shares of the company's stock in a transaction on Monday, March 17th. The shares were bought at an average cost of $16.43 per share, for a total transaction of $25,137.90. Following the acquisition, the director now directly owns 20,835 shares of the company's stock, valued at $342,319.05. This trade represents a 7.93% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.59% of the stock is currently owned by company insiders.

Bain Capital Specialty Finance Trading Up 1.2%

Shares of NYSE BCSF traded up $0.19 during trading on Tuesday, hitting $15.55. 152,735 shares of the company traded hands, compared to its average volume of 244,462. Bain Capital Specialty Finance, Inc. has a 1 year low of $13.20 and a 1 year high of $19.21. The company has a 50-day moving average price of $15.69 and a 200-day moving average price of $16.84. The firm has a market capitalization of $1.01 billion, a P/E ratio of 7.81 and a beta of 0.82. 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 - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $52.84 million for the quarter, compared to analyst estimates of $71.00 million. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. On average, equities analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.12 annualized dividend and a dividend yield of 0.77%. Bain Capital Specialty Finance's payout ratio is currently 96.55%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BCSF. Keefe, Bruyette & Woods decreased their price target on Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company decreased their price target on Bain Capital Specialty Finance from $19.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th.

Bain Capital Specialty Finance 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.