BI Asset Management Fondsmaeglerselskab A S Sells 90,889 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

BI Asset Management Fondsmaeglerselskab A S lessened its position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 68.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,702 shares of the company's stock after selling 90,889 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned about 0.07% of Bain Capital Specialty Finance worth $748,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jane Street Group LLC lifted its holdings 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 worth $400,000 after buying an additional 13,892 shares during the last quarter. Franklin Resources Inc. raised its stake in Bain Capital Specialty Finance by 14.6% during the 3rd quarter. Franklin Resources Inc. now owns 287,890 shares of the company's stock valued at $4,779,000 after purchasing an additional 36,585 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Bain Capital Specialty Finance by 47.0% in the 3rd 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 period. Graypoint LLC grew its position 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 purchasing an additional 2,159 shares during the last quarter. Finally, Cooper Financial Group increased its holdings in shares of Bain Capital Specialty Finance by 7.5% during the 4th quarter. Cooper Financial Group now owns 15,064 shares of the company's stock worth $264,000 after purchasing an additional 1,053 shares during the period.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BCSF. Wells Fargo & Company reduced their target price on shares of Bain Capital Specialty Finance from $19.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday. Keefe, Bruyette & Woods reduced their price objective on Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th.

Bain Capital Specialty Finance Stock Performance

Bain Capital Specialty Finance stock traded down $0.22 on Tuesday, hitting $15.32. The company's stock had a trading volume of 43,105 shares, compared to its average volume of 244,256. Bain Capital Specialty Finance, Inc. has a one year low of $13.20 and a one year high of $19.21. The firm has a market cap of $993.79 million, a P/E ratio of 7.70 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. The company has a fifty day moving average price of $16.34 and a 200-day moving average price of $16.95.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.03. The business had revenue of $73.30 million for the quarter, compared to analysts' expectations of $67.50 million. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. On average, equities analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share 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 given 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 0.78%. Bain Capital Specialty Finance's dividend payout ratio (DPR) is presently 90.81%.

Insider Activity at Bain Capital Specialty Finance

In other news, Director Clare Stack Richer purchased 1,530 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average cost of $16.43 per share, with a total value of $25,137.90. Following the acquisition, the director now directly owns 20,835 shares of the company's stock, valued at approximately $342,319.05. This trade represents a 7.93 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.59% of the stock is 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.