Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 3.8% in the 1st quarter, Holdings Channel reports. The firm owned 463,883 shares of the company’s stock after purchasing an additional 16,946 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Bain Capital Specialty Finance were worth $6,856,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. J.W. Cole Advisors Inc. lifted its stake in shares of Bain Capital Specialty Finance by 9.5% in the first quarter. J.W. Cole Advisors Inc. now owns 14,410 shares of the company’s stock valued at $213,000 after purchasing an additional 1,250 shares during the period. Great West Life Assurance Co. Can raised its position in Bain Capital Specialty Finance by 11.2% during the third quarter. Great West Life Assurance Co. Can now owns 17,997 shares of the company’s stock worth $184,000 after acquiring an additional 1,818 shares during the last quarter. BlackRock Inc. raised its position in Bain Capital Specialty Finance by 1.3% during the fourth quarter. BlackRock Inc. now owns 290,423 shares of the company’s stock worth $3,523,000 after acquiring an additional 3,860 shares during the last quarter. Usca Ria LLC raised its position in Bain Capital Specialty Finance by 36.5% during the first quarter. Usca Ria LLC now owns 17,091 shares of the company’s stock worth $253,000 after acquiring an additional 4,569 shares during the last quarter. Finally, Claybrook Capital LLC raised its position in Bain Capital Specialty Finance by 22.8% during the fourth quarter. Claybrook Capital LLC now owns 27,025 shares of the company’s stock worth $328,000 after acquiring an additional 5,025 shares during the last quarter. Hedge funds and other institutional investors own 54.61% of the company’s stock.

Shares of BCSF stock opened at $15.66 on Monday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -38.20 and a beta of 1.64. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 1.44. Bain Capital Specialty Finance, Inc. has a fifty-two week low of $8.92 and a fifty-two week high of $16.45. The firm’s 50 day moving average price is $15.60 and its two-hundred day moving average price is $13.39.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings results on Tuesday, May 4th. The company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Bain Capital Specialty Finance had a negative net margin of 4.91% and a positive return on equity of 8.56%. The firm had revenue of $49.83 million for the quarter. On average, equities analysts forecast that Bain Capital Specialty Finance, Inc. will post 1.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 30th. Stockholders of record on Wednesday, June 30th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, June 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 8.68%. Bain Capital Specialty Finance’s payout ratio is currently 82.93%.

BCSF has been the subject of a number of recent research reports. Wells Fargo & Company upgraded shares of Bain Capital Specialty Finance from an “underweight” rating to an “equal weight” rating and set a $14.00 price target for the company in a report on Monday, March 8th. Zacks Investment Research downgraded shares of Bain Capital Specialty Finance from a “buy” rating to a “hold” rating in a report on Friday, February 12th.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance, Inc operates as a business development company (BDC) 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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