Blair William & Co. IL Sells 17,231 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Blair William & Co. IL cut its stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 58.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,339 shares of the company's stock after selling 17,231 shares during the quarter. Blair William & Co. IL's holdings in Bain Capital Specialty Finance were worth $216,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BCSF. Centiva Capital LP purchased a new stake in shares of Bain Capital Specialty Finance during the third quarter worth about $199,000. Jane Street Group LLC lifted its holdings in shares of Bain Capital Specialty Finance by 136.2% in the 3rd quarter. Jane Street Group LLC now owns 24,092 shares of the company's stock worth $400,000 after purchasing an additional 13,892 shares during the last quarter. Franklin Resources Inc. raised its stake in Bain Capital Specialty Finance by 14.6% during the 3rd quarter. Franklin Resources Inc. now owns 287,890 shares of the company's stock valued at $4,779,000 after acquiring an additional 36,585 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 purchasing an additional 71,806 shares during the period. Finally, Graypoint LLC increased its position in shares of Bain Capital Specialty Finance by 2.1% during the 4th quarter. Graypoint LLC now owns 105,271 shares of the company's stock valued at $1,844,000 after purchasing an additional 2,159 shares during the period.

Analyst Ratings Changes

Several analysts have recently commented on the company. Wells Fargo & Company raised their target price on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods reduced their price objective on Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating for the company in a research report on Tuesday.

Insider Transactions at Bain Capital Specialty Finance

In other news, Director Clare Stack Richer acquired 1,530 shares of Bain Capital Specialty Finance stock in a transaction on Monday, March 17th. The shares were purchased at an average price of $16.43 per share, with a total value of $25,137.90. Following the acquisition, the director now owns 20,835 shares in the company, valued at $342,319.05. This represents a 7.93 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.59% of the stock is owned by company insiders.

Bain Capital Specialty Finance Stock Down 2.7 %

Shares of NYSE:BCSF traded down $0.40 on Thursday, reaching $14.53. The company had a trading volume of 118,133 shares, compared to its average volume of 319,748. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13. The stock has a 50-day moving average price of $17.20 and a 200 day moving average price of $17.12. The stock has a market capitalization of $938.86 million, a P/E ratio of 7.30 and a beta of 0.79. Bain Capital Specialty Finance, Inc. has a twelve month low of $13.20 and a twelve month high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. The firm had revenue of $73.30 million for the quarter, compared to analyst estimates of $67.50 million. On average, equities analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance's payout ratio is currently 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.