Triumph Capital Management Has $888,000 Stock Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Triumph Capital Management trimmed its holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 48.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,686 shares of the company's stock after selling 48,354 shares during the period. Triumph Capital Management owned about 0.08% of Bain Capital Specialty Finance worth $888,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Jane Street Group LLC boosted its holdings in shares of Bain Capital Specialty Finance by 136.2% during the third quarter. Jane Street Group LLC now owns 24,092 shares of the company's stock valued at $400,000 after acquiring an additional 13,892 shares during the period. Franklin Resources Inc. raised its holdings in shares of Bain Capital Specialty Finance by 14.6% during the third quarter. Franklin Resources Inc. now owns 287,890 shares of the company's stock valued at $4,779,000 after buying an additional 36,585 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Bain Capital Specialty Finance by 47.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 224,528 shares of the company's stock valued at $3,727,000 after acquiring an additional 71,806 shares in the last quarter. Graypoint LLC boosted its position in Bain Capital Specialty Finance by 2.1% during the 4th quarter. Graypoint LLC now owns 105,271 shares of the company's stock worth $1,844,000 after acquiring an additional 2,159 shares during the period. Finally, Cooper Financial Group grew its stake in shares of Bain Capital Specialty Finance by 7.5% in the fourth quarter. Cooper Financial Group now owns 15,064 shares of the company's stock worth $264,000 after purchasing an additional 1,053 shares in the last quarter.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BCSF shares. Wells Fargo & Company dropped their price objective 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 dropped their target price on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th.

Bain Capital Specialty Finance Stock Performance

Shares of BCSF traded down $0.16 during mid-day trading on Monday, hitting $15.26. The company's stock had a trading volume of 231,788 shares, compared to its average volume of 244,428. The stock's 50-day moving average is $16.07 and its two-hundred day moving average is $16.91. The firm has a market capitalization of $989.90 million, a PE ratio of 7.67 and a beta of 0.82. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41. Bain Capital Specialty Finance, Inc. has a one year low of $13.20 and a one year high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $73.30 million for the quarter, compared to analyst estimates of $67.50 million. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. As a group, sell-side analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a $0.03 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 dividend on an annualized basis and a yield of 0.79%. Bain Capital Specialty Finance's payout ratio is presently 90.81%.

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.