Two Sigma Advisers LP Cuts Stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Two Sigma Advisers LP lowered its stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 30.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 501,700 shares of the company's stock after selling 215,500 shares during the quarter. Two Sigma Advisers LP owned approximately 0.78% of Bain Capital Specialty Finance worth $8,790,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BCSF. CFO4Life Group LLC lifted its stake in shares of Bain Capital Specialty Finance by 2.5% during the 4th quarter. CFO4Life Group LLC now owns 31,499 shares of the company's stock worth $552,000 after purchasing an additional 769 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Bain Capital Specialty Finance by 14.5% during the 4th 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 period. Comerica Bank lifted its stake in shares of Bain Capital Specialty Finance by 8.2% during the 4th quarter. Comerica Bank now owns 17,029 shares of the company's stock worth $298,000 after purchasing an additional 1,292 shares during the period. Mascoma Wealth Management LLC purchased a new position in shares of Bain Capital Specialty Finance during the 4th quarter worth $29,000. Finally, Advisory Services Network LLC lifted its stake in shares of Bain Capital Specialty Finance by 16.3% during the 4th 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 period.

Bain Capital Specialty Finance Trading Down 0.3%

Shares of BCSF traded down $0.05 during trading hours on Thursday, hitting $15.59. The stock had a trading volume of 66,602 shares, compared to its average volume of 239,534. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $1.01 billion, a P/E ratio of 7.84 and a beta of 0.82. The company's fifty day simple moving average is $15.37 and its 200 day simple moving average is $16.74. 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 issued its earnings results on Monday, May 5th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The business 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 11.90% and a net margin of 43.62%. Equities research analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Dividend Announcement

The company 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 $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance's dividend payout ratio (DPR) is currently 96.55%.

Insider Buying and Selling

In related news, Director Clare Stack Richer acquired 1,530 shares of the business's stock in a transaction on Monday, March 17th. The shares were bought at an average cost of $16.43 per share, with a total value of $25,137.90. Following the completion of the transaction, the director now directly owns 20,835 shares of the company's stock, valued at $342,319.05. This trade represents a 7.93% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.59% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on BCSF shares. Wells Fargo & Company reduced their price target on Bain Capital Specialty Finance from $19.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Keefe, Bruyette & Woods reduced their price target on Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th.

Bain Capital Specialty Finance 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.