Sumitomo Mitsui Trust Holdings Inc. Sells 25,309 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Sumitomo Mitsui Trust Holdings Inc. lessened its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 9.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 230,590 shares of the company’s stock after selling 25,309 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Bain Capital Specialty Finance were worth $3,475,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BCSF. DAVENPORT & Co LLC bought a new position in Bain Capital Specialty Finance during the 3rd quarter worth $160,000. Kingswood Wealth Advisors LLC bought a new position in Bain Capital Specialty Finance during the 4th quarter worth $203,000. Dfpg Investments LLC increased its stake in Bain Capital Specialty Finance by 13.3% during the 4th quarter. Dfpg Investments LLC now owns 14,030 shares of the company’s stock worth $211,000 after acquiring an additional 1,650 shares during the period. First Affirmative Financial Network increased its stake in shares of Bain Capital Specialty Finance by 18.5% in the 4th quarter. First Affirmative Financial Network now owns 14,900 shares of the company’s stock valued at $225,000 after purchasing an additional 2,326 shares during the last quarter. Finally, Eagle Global Advisors LLC increased its stake in shares of Bain Capital Specialty Finance by 29.8% in the 3rd quarter. Eagle Global Advisors LLC now owns 18,710 shares of the company’s stock valued at $286,000 after purchasing an additional 4,290 shares during the last quarter.

Analyst Ratings Changes

Separately, Wells Fargo & Company lifted their price target on Bain Capital Specialty Finance from $13.75 to $14.50 and gave the company an “equal weight” rating in a research note on Monday, January 29th.

Bain Capital Specialty Finance Trading Up 1.1 %

Shares of BCSF opened at $16.22 on Wednesday. Bain Capital Specialty Finance, Inc. has a 52-week low of $11.06 and a 52-week high of $16.80. The business’s fifty day moving average is $15.67 and its 200-day moving average is $15.39. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.11.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $74.95 million for the quarter. Bain Capital Specialty Finance had a return on equity of 12.54% and a net margin of 41.43%. As a group, analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.07 earnings per share for the current year.

Bain Capital Specialty Finance Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.80 dividend on an annualized basis and a yield of 11.10%. This is a positive change from Bain Capital Specialty Finance’s previous quarterly dividend of $0.42. Bain Capital Specialty Finance’s payout ratio is currently 88.42%.

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.