Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Shares Sold by UBS Group AG

UBS Group AG decreased its stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF – Get Rating) by 25.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,300,480 shares of the company’s stock after selling 437,692 shares during the quarter. UBS Group AG’s holdings in Bain Capital Specialty Finance were worth $15,476,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. grew its position in shares of Bain Capital Specialty Finance by 29.8% in the third quarter. BlackRock Inc. now owns 446,799 shares of the company’s stock valued at $5,362,000 after purchasing an additional 102,463 shares during the period. Arete Wealth Advisors LLC grew its position in shares of Bain Capital Specialty Finance by 8.6% in the fourth quarter. Arete Wealth Advisors LLC now owns 353,699 shares of the company’s stock valued at $4,209,019,570,000 after purchasing an additional 28,093 shares during the period. Rockefeller Capital Management L.P. boosted its position in Bain Capital Specialty Finance by 23.9% during the third quarter. Rockefeller Capital Management L.P. now owns 349,235 shares of the company’s stock worth $4,190,000 after acquiring an additional 67,444 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Bain Capital Specialty Finance by 7.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 337,033 shares of the company’s stock worth $4,011,000 after acquiring an additional 23,956 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Bain Capital Specialty Finance by 5.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 294,373 shares of the company’s stock worth $3,503,000 after acquiring an additional 15,026 shares during the last quarter.

Bain Capital Specialty Finance Stock Up 1.2 %

Shares of BCSF stock opened at $12.54 on Friday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 1.26. The firm’s 50-day moving average is $11.87 and its two-hundred day moving average is $12.60. Bain Capital Specialty Finance, Inc. has a 12 month low of $11.06 and a 12 month high of $15.04.

Bain Capital Specialty Finance (NYSE:BCSF – Get Rating) last issued its earnings results on Tuesday, February 28th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.11). Bain Capital Specialty Finance had a return on equity of 10.19% and a net margin of 40.07%. The firm had revenue of $62.36 million for the quarter. Equities research analysts anticipate that Bain Capital Specialty Finance, Inc. will post 1.94 EPS for the current fiscal year.

Bain Capital Specialty Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 12.12%. The ex-dividend date is Thursday, June 29th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 97.44%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BCSF shares. Citigroup lowered their price target on shares of Bain Capital Specialty Finance from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, March 2nd. Wells Fargo & Company upgraded shares of Bain Capital Specialty Finance from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $10.50 to $12.00 in a research report on Thursday, May 11th.

About Bain Capital Specialty Finance

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Bain Capital Specialty Finance is a business development company. They structure, monitor, and manage each of their portfolio companies’ investments. They provide services in private equity, credit, public equity, venture capital, and real estate.