Raymond James Financial Services Advisors Inc. Lowers Holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Raymond James Financial Services Advisors Inc. decreased its position in Bain Capital Specialty Finance, Inc. (NYSE:BCSFGet Rating) by 4.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,135 shares of the company’s stock after selling 2,738 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Bain Capital Specialty Finance were worth $638,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bank of America Corp DE grew its stake in Bain Capital Specialty Finance by 31.8% in the first quarter. Bank of America Corp DE now owns 3,257,456 shares of the company’s stock valued at $50,784,000 after purchasing an additional 786,685 shares during the last quarter. Sierra Capital LLC purchased a new position in shares of Bain Capital Specialty Finance in the 2nd quarter worth approximately $2,590,000. Millennium Management LLC purchased a new position in shares of Bain Capital Specialty Finance in the 2nd quarter worth approximately $915,000. UBS Group AG raised its stake in shares of Bain Capital Specialty Finance by 3.2% during the 2nd quarter. UBS Group AG now owns 1,706,494 shares of the company’s stock worth $23,226,000 after acquiring an additional 53,008 shares in the last quarter. Finally, First Republic Investment Management Inc. purchased a new stake in Bain Capital Specialty Finance during the first quarter valued at approximately $671,000.

Bain Capital Specialty Finance Stock Down 0.8 %

Bain Capital Specialty Finance stock opened at $12.94 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.40 and a quick ratio of 3.40. The stock has a market capitalization of $835.41 million, a price-to-earnings ratio of 9.88 and a beta of 1.23. Bain Capital Specialty Finance, Inc. has a 1-year low of $11.51 and a 1-year high of $16.28. The business has a fifty day moving average price of $12.92 and a 200-day moving average price of $13.40.

Bain Capital Specialty Finance (NYSE:BCSFGet Rating) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.18. The firm had revenue of $62.82 million during the quarter. Bain Capital Specialty Finance had a return on equity of 9.46% and a net margin of 39.60%. Equities research analysts forecast that Bain Capital Specialty Finance, Inc. will post 1.7 EPS for the current fiscal year.

Bain Capital Specialty Finance Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Saturday, December 31st will be given a $0.36 dividend. This is a boost from Bain Capital Specialty Finance’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.13%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 109.92%.

Analyst Ratings Changes

Separately, Wells Fargo & Company reduced their price target on Bain Capital Specialty Finance from $13.00 to $11.00 and set an “underweight” rating on the stock in a research report on Monday, October 24th.

Bain Capital Specialty Finance Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Bain Capital Specialty Finance (NYSE:BCSF)

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