Trexquant Investment LP Reduces Holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Trexquant Investment LP trimmed its holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 38.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 79,868 shares of the company's stock after selling 50,005 shares during the period. Trexquant Investment LP owned 0.12% of Bain Capital Specialty Finance worth $1,399,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BCSF. Franklin Resources Inc. raised its position in Bain Capital Specialty Finance by 9.4% during the 4th quarter. Franklin Resources Inc. now owns 314,873 shares of the company's stock worth $5,517,000 after buying an additional 26,983 shares during the last quarter. LPL Financial LLC raised its holdings in Bain Capital Specialty Finance by 5.6% during 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 in the last quarter. Advisors Asset Management Inc. lifted its position in Bain Capital Specialty Finance by 36.9% in the fourth quarter. Advisors Asset Management Inc. now owns 242,671 shares of the company's stock valued at $4,252,000 after purchasing an additional 65,350 shares during the period. First National Trust Co boosted its holdings in Bain Capital Specialty Finance by 32.8% in the 4th quarter. First National Trust Co now owns 121,720 shares of the company's stock valued at $2,133,000 after purchasing an additional 30,030 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Bain Capital Specialty Finance by 18.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 98,765 shares of the company's stock worth $1,730,000 after purchasing an additional 15,494 shares during the period.

Bain Capital Specialty Finance Price Performance

Shares of BCSF traded up $0.24 on Tuesday, reaching $14.77. The stock had a trading volume of 70,401 shares, compared to its average volume of 328,720. Bain Capital Specialty Finance, Inc. has a twelve month low of $13.20 and a twelve month high of $19.21. The firm has a market capitalization of $954.04 million, a PE ratio of 7.44 and a beta of 0.79. The firm has a 50-day moving average of $16.98 and a 200 day moving average of $17.06. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13.

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

Bain Capital Specialty Finance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 annualized dividend and a yield of 0.81%. Bain Capital Specialty Finance's dividend payout ratio is presently 90.81%.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods lowered 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 note on Tuesday, April 8th.

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.