Allworth Financial LP Sells 62,312 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Allworth Financial LP cut its holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 20.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 245,058 shares of the company's stock after selling 62,312 shares during the period. Allworth Financial LP owned approximately 0.38% of Bain Capital Specialty Finance worth $3,784,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Envestnet Asset Management Inc. grew its position in shares of Bain Capital Specialty Finance by 5.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 346,923 shares of the company's stock worth $5,759,000 after buying an additional 17,050 shares during the period. Onyx Bridge Wealth Group LLC raised its stake in shares of Bain Capital Specialty Finance by 9.0% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 32,910 shares of the company's stock worth $546,000 after purchasing an additional 2,718 shares during the period. Mutual Advisors LLC increased its holdings in Bain Capital Specialty Finance by 5.1% in the 1st quarter. Mutual Advisors LLC now owns 15,762 shares of the company's stock worth $245,000 after acquiring an additional 768 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Bain Capital Specialty Finance by 11.6% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 349,254 shares of the company's stock worth $5,798,000 after acquiring an additional 36,422 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Bain Capital Specialty Finance by 11.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 54,548 shares of the company's stock worth $906,000 after buying an additional 5,618 shares in the last quarter.

Bain Capital Specialty Finance Trading Down 0.3%

NYSE BCSF traded down $0.04 during trading on Tuesday, hitting $15.53. The stock had a trading volume of 225,233 shares, compared to its average volume of 247,579. The company has a market capitalization of $1.01 billion, a PE ratio of 8.93 and a beta of 0.78. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 1.27. The firm has a 50 day moving average price of $15.31 and a 200 day moving average price of $16.34. Bain Capital Specialty Finance, Inc. has a twelve month low of $13.20 and a twelve month high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The firm 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 11.62% and a net margin of 39.60%. As a group, equities research analysts forecast 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 disclosed a dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were paid a dividend of $0.03 per share. This represents a yield of 11.66%. The ex-dividend date was Monday, June 16th. Bain Capital Specialty Finance's dividend payout ratio (DPR) is presently 96.55%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in 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 for the company in a research note on Tuesday, April 8th. Wells Fargo & Company reduced their price target on shares of Bain Capital Specialty Finance from $19.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, April 28th.

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.