Trexquant Investment LP Lowers Holdings in Bain Capital Specialty Finance, Inc. $BCSF

Key Points

• Trexquant Investment LP has reduced its stake in Bain Capital Specialty Finance, Inc. by 24.3%, owning 60,464 shares worth approximately $1,004,000 after selling 19,404 shares in the first quarter.
• Bain Capital Specialty Finance announced a quarterly dividend of $0.42, with an annualized yield of 10.7% and a payout ratio of 101.20%.
• The company's recent earnings report showed earnings per share of $0.47, exceeding estimates, with analysts predicting a full-year EPS of 2.06.

Trexquant Investment LP lowered its position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 24.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,464 shares of the company's stock after selling 19,404 shares during the quarter. Trexquant Investment LP owned about 0.09% of Bain Capital Specialty Finance worth $1,004,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BCSF. Northern Trust Corp grew its holdings in shares of Bain Capital Specialty Finance by 16.5% in the fourth quarter. Northern Trust Corp now owns 43,204 shares of the company's stock valued at $757,000 after purchasing an additional 6,106 shares during the period. Comerica Bank grew its holdings in shares of Bain Capital Specialty Finance by 8.2% in the fourth quarter. Comerica Bank now owns 17,029 shares of the company's stock valued at $298,000 after purchasing an additional 1,292 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Bain Capital Specialty Finance by 21.3% in the fourth quarter. Ameriprise Financial Inc. now owns 142,632 shares of the company's stock valued at $2,499,000 after purchasing an additional 25,017 shares during the period. Bank of America Corp DE grew its holdings in shares of Bain Capital Specialty Finance by 3.0% in the fourth quarter. Bank of America Corp DE now owns 4,539,555 shares of the company's stock valued at $79,533,000 after purchasing an additional 133,753 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in shares of Bain Capital Specialty Finance in the fourth quarter valued at about $5,560,000.

Bain Capital Specialty Finance Trading Down 0.7%

BCSF stock traded down $0.11 during mid-day trading on Friday, hitting $15.49. 444,639 shares of the company were exchanged, compared to its average volume of 227,243. The company has a quick ratio of 3.63, a current ratio of 3.63 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $1.00 billion, a P/E ratio of 9.33 and a beta of 0.83. The business has a fifty day simple moving average of $15.34 and a 200-day simple moving average of $15.59. Bain Capital Specialty Finance, Inc. has a 12-month low of $13.20 and a 12-month high of $19.21.

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

Bain Capital Specialty Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.68 annualized dividend and a dividend yield of 10.8%. Bain Capital Specialty Finance's dividend payout ratio (DPR) is presently 101.20%.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Bain Capital Specialty Finance from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Bain Capital Specialty Finance presently has an average rating of "Buy" and a consensus target price of $16.50.

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.