Two Sigma Investments LP Reduces Stock Holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Two Sigma Investments LP cut its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 38.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 245,393 shares of the company's stock after selling 153,219 shares during the period. Two Sigma Investments LP owned 0.38% of Bain Capital Specialty Finance worth $4,299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. increased its position in shares of Bain Capital Specialty Finance by 25.2% in the fourth quarter. Invesco Ltd. now owns 75,536 shares of the company's stock worth $1,323,000 after purchasing an additional 15,185 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Bain Capital Specialty Finance in the fourth quarter worth approximately $1,482,000. Comerica Bank increased its position 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 worth $298,000 after purchasing an additional 1,292 shares during the last quarter. LPL Financial LLC increased its position in shares of Bain Capital Specialty Finance by 5.6% in the fourth quarter. LPL Financial LLC now owns 33,911 shares of the company's stock worth $594,000 after purchasing an additional 1,805 shares during the last quarter. Finally, Columbus Macro LLC bought a new position in Bain Capital Specialty Finance during the fourth quarter valued at approximately $5,544,000.

Insider Activity

In other Bain Capital Specialty Finance news, Director Clare Stack Richer purchased 1,530 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was bought at an average price of $16.43 per share, with a total value of $25,137.90. Following the completion of the purchase, the director now directly owns 20,835 shares of the company's stock, valued at $342,319.05. The trade was a 7.93% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating on the stock in a research report 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 research report on Monday, April 28th.

Bain Capital Specialty Finance Price Performance

NYSE BCSF traded down $0.15 on Monday, reaching $15.57. 239,477 shares of the company's stock traded hands, compared to its average volume of 239,260. The stock has a market cap of $1.01 billion, a PE ratio of 7.82 and a beta of 0.82. 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 1.13, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a 50-day simple moving average of $15.30 and a 200 day simple moving average of $16.71.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. The firm had revenue of $52.84 million during 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%. As a group, research analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

Bain Capital Specialty Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, December 16th. Bain Capital Specialty Finance's dividend payout ratio (DPR) is presently 96.55%.

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.