Legal & General Group Plc Sells 23,335 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Legal & General Group Plc lessened its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 439,892 shares of the company's stock after selling 23,335 shares during the period. Legal & General Group Plc owned about 0.68% of Bain Capital Specialty Finance worth $7,714,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BCSF. Mascoma Wealth Management LLC purchased a new stake in shares of Bain Capital Specialty Finance in the fourth quarter valued at $29,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Bain Capital Specialty Finance during the fourth quarter valued at $151,000. Cooper Financial Group raised its position in Bain Capital Specialty Finance by 7.5% during the fourth quarter. Cooper Financial Group now owns 15,064 shares of the company's stock valued at $264,000 after acquiring an additional 1,053 shares in the last quarter. Prairiewood Capital LLC increased its position in Bain Capital Specialty Finance by 8.6% during the fourth quarter. Prairiewood Capital LLC now owns 15,211 shares of the company's stock worth $266,000 after buying an additional 1,201 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Bain Capital Specialty Finance by 43.4% in the fourth quarter. Farther Finance Advisors LLC now owns 15,705 shares of the company's stock valued at $275,000 after purchasing an additional 4,750 shares during the period.

Wall Street Analysts Forecast Growth

BCSF has been the subject of several research reports. Keefe, Bruyette & Woods reduced their target price on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company lifted their target price on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd.

Insider Transactions at Bain Capital Specialty Finance

In related news, Director Clare Stack Richer acquired 1,530 shares of the company's stock in a transaction on Monday, March 17th. The stock was purchased at an average cost of $16.43 per share, with a total value of $25,137.90. Following the acquisition, the director now directly owns 20,835 shares of the company's stock, valued at approximately $342,319.05. The trade was a 7.93 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.59% of the company's stock.

Bain Capital Specialty Finance Trading Up 2.8 %

Shares of NYSE:BCSF traded up $0.43 during trading on Thursday, hitting $15.47. 67,748 shares of the company's stock were exchanged, compared to its average volume of 248,379. Bain Capital Specialty Finance, Inc. has a 1-year low of $13.20 and a 1-year high of $19.21. The firm has a market cap of $999.27 million, a P/E ratio of 7.77 and a beta of 0.79. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. The firm has a 50-day moving average price of $16.52 and a two-hundred day moving average price of $16.97.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. The business had revenue of $73.30 million during the quarter, compared to analysts' expectations of $67.50 million. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. Equities analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

Bain Capital Specialty Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.12 annualized dividend and a yield of 0.78%. Bain Capital Specialty Finance's dividend payout ratio (DPR) is presently 90.81%.

Bain Capital Specialty Finance Company 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.