JPMorgan Chase & Co. Has $932,000 Stock Holdings in Bain Capital Specialty Finance, Inc. $BCSF

Key Points

• JPMorgan Chase & Co. cut its holdings by 62.1% in Q3, selling 107,119 shares and ending the quarter with 65,389 shares of BCSF worth about $932,000 (≈0.10% of the company).
• Bain Capital Specialty Finance increased its quarterly dividend to $0.42 (from $0.03), an annualized $1.68 that implies a ~13.3% yield and a payout ratio of 109.8%.
• Analysts have trimmed price targets (Keefe, Bruyette & Woods to $15; Wells Fargo to $13) and the consensus rating is Hold with a $14 target; BCSF trades around $12.63 with a market cap of about $819M and a P/E of 8.25.

JPMorgan Chase & Co. cut its holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 62.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 65,389 shares of the company's stock after selling 107,119 shares during the quarter. JPMorgan Chase & Co. owned about 0.10% of Bain Capital Specialty Finance worth $932,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cresset Asset Management LLC grew its position in shares of Bain Capital Specialty Finance by 20.9% in the 3rd quarter. Cresset Asset Management LLC now owns 1,452,327 shares of the company's stock valued at $20,696,000 after purchasing an additional 250,844 shares during the period. North Ground Capital acquired a new position in shares of Bain Capital Specialty Finance in the 3rd quarter valued at approximately $2,494,000. Van ECK Associates Corp grew its position in shares of Bain Capital Specialty Finance by 16.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,306,231 shares of the company's stock valued at $18,614,000 after purchasing an additional 181,591 shares during the period. Alpine Global Management LLC acquired a new stake in shares of Bain Capital Specialty Finance in the 3rd quarter valued at about $1,320,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Bain Capital Specialty Finance by 22.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 545,190 shares of the company's stock valued at $7,769,000 after purchasing an additional 98,222 shares in the last quarter.

Wall Street Analyst Weigh In

BCSF has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their price target on Bain Capital Specialty Finance from $16.00 to $15.00 and set an "outperform" rating on the stock in a report on Tuesday, March 3rd. Wells Fargo & Company cut their price target on Bain Capital Specialty Finance from $14.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $14.00.

Bain Capital Specialty Finance Trading Up 1.0%

NYSE:BCSF opened at $12.63 on Friday. Bain Capital Specialty Finance, Inc. has a twelve month low of $11.82 and a twelve month high of $16.00. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.32. The business has a 50 day moving average price of $12.78 and a two-hundred day moving average price of $13.56. The company has a market cap of $819.23 million, a P/E ratio of 8.25 and a beta of 0.57.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. Bain Capital Specialty Finance had a return on equity of 10.74% and a net margin of 36.14%.The firm had revenue of $66.33 million during the quarter, compared to the consensus estimate of $68.48 million. As a group, analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 16th were given a dividend of $0.42 per share. This is an increase from Bain Capital Specialty Finance's previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.68 dividend on an annualized basis and a yield of 13.3%. Bain Capital Specialty Finance's payout ratio is currently 109.80%.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance NYSE: BCSF is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm's core business activities include direct lending to U.S.

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