Millennium Management LLC Sells 87,815 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Millennium Management LLC lessened its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 21.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,914 shares of the company's stock after selling 87,815 shares during the quarter. Millennium Management LLC owned approximately 0.50% of Bain Capital Specialty Finance worth $5,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Register Financial Advisors LLC purchased a new stake in shares of Bain Capital Specialty Finance during the second quarter worth $130,000. BOKF NA acquired a new stake in shares of Bain Capital Specialty Finance during the 2nd quarter valued at about $159,000. Twin Focus Capital Partners LLC bought a new stake in shares of Bain Capital Specialty Finance in the 4th quarter valued at approximately $151,000. Cooper Financial Group acquired a new position in Bain Capital Specialty Finance in the first quarter worth approximately $182,000. Finally, Lazard Asset Management LLC raised its position in Bain Capital Specialty Finance by 58.5% during the first quarter. Lazard Asset Management LLC now owns 12,410 shares of the company's stock valued at $194,000 after acquiring an additional 4,581 shares in the last quarter.

Bain Capital Specialty Finance Stock Performance

Bain Capital Specialty Finance stock traded up $0.06 during trading hours on Friday, reaching $16.63. 131,405 shares of the company were exchanged, compared to its average volume of 242,066. Bain Capital Specialty Finance, Inc. has a 12 month low of $14.60 and a 12 month high of $17.25. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.03. The stock has a 50-day moving average of $16.59 and a 200 day moving average of $16.44. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 8.32 and a beta of 1.13.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. The business had revenue of $72.27 million during the quarter. Bain Capital Specialty Finance had a net margin of 43.90% and a return on equity of 12.09%. During the same period in the prior year, the company posted $0.60 earnings per share. As a group, research analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.03 earnings per share for the current year.

Analyst Ratings Changes

BCSF has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Thursday, August 8th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $17.00 target price on shares of Bain Capital Specialty Finance in a research report on Wednesday, August 21st.

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.