Bain Capital Specialty Finance, Inc. $BCSF Shares Sold by Starr Indemnity & Liability Co

Key Points

• Starr Indemnity & Liability Co sold 90.8% of its shares in Bain Capital Specialty Finance, reducing its holdings to approximately 55,022 shares, making it the 5th largest holding for the company.
• Bain Capital Specialty Finance reported earnings of $0.47 per share, exceeding analysts' expectations of $0.43, with a net margin of 37.90% and revenues of $70.97 million.
• The company recently declared a dividend of $0.03, resulting in an extraordinarily high dividend yield of 1,166.0% with a payout ratio of 101.20%.

Starr Indemnity & Liability Co cut its stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 90.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,022 shares of the company's stock after selling 542,979 shares during the quarter. Bain Capital Specialty Finance comprises approximately 0.4% of Starr Indemnity & Liability Co's holdings, making the stock its 5th largest holding. Starr Indemnity & Liability Co owned approximately 0.08% of Bain Capital Specialty Finance worth $913,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BCSF. Aquatic Capital Management LLC bought a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth $67,000. Lazard Asset Management LLC lifted its position in shares of Bain Capital Specialty Finance by 14.5% during the fourth quarter. Lazard Asset Management LLC now owns 9,361 shares of the company's stock worth $164,000 after purchasing an additional 1,189 shares during the last quarter. MQS Management LLC bought a new stake in shares of Bain Capital Specialty Finance during the first quarter worth $176,000. XTX Topco Ltd bought a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth $197,000. Finally, Advisory Services Network LLC lifted its position in shares of Bain Capital Specialty Finance by 16.3% during the fourth quarter. Advisory Services Network LLC now owns 12,245 shares of the company's stock worth $215,000 after purchasing an additional 1,715 shares during the last quarter.

Analyst Upgrades and Downgrades

BCSF has been the subject of several research analyst reports. Zacks Research upgraded Bain Capital Specialty Finance from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Wells Fargo & Company decreased their price objective on Bain Capital Specialty Finance from $19.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, April 28th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $16.50.

Bain Capital Specialty Finance Stock Up 1.3%

BCSF traded up $0.20 on Friday, hitting $15.51. The company had a trading volume of 95,750 shares, compared to its average volume of 290,871. The stock has a fifty day moving average price of $15.15 and a 200-day moving average price of $15.88. Bain Capital Specialty Finance, Inc. has a 12-month low of $13.20 and a 12-month high of $19.21. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.63 and a current ratio of 3.63. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 9.34 and a beta of 0.83.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.04. Bain Capital Specialty Finance had a return on equity of 11.41% and a net margin of 37.90%.The business had revenue of $70.97 million for the quarter, compared to analyst estimates of $67.88 million. Analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

The company also recently announced a dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were given a $0.03 dividend. The ex-dividend date was Monday, June 16th. This represents a yield of 1,166.0%. Bain Capital Specialty Finance's dividend payout ratio is currently 101.20%.

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.