Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Shares Sold by Meridian Investment Counsel Inc.

Meridian Investment Counsel Inc. reduced its position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 53.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 19,101 shares of the company’s stock after selling 22,300 shares during the period. Meridian Investment Counsel Inc.’s holdings in Bain Capital Specialty Finance were worth $317,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BCSF. Quarry LP grew its position in shares of Bain Capital Specialty Finance by 74.2% in the second quarter. Quarry LP now owns 2,976 shares of the company’s stock valued at $49,000 after purchasing an additional 1,268 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in Bain Capital Specialty Finance during the 2nd quarter valued at $130,000. BOKF NA purchased a new position in Bain Capital Specialty Finance during the second quarter worth $159,000. Farther Finance Advisors LLC acquired a new position in shares of Bain Capital Specialty Finance in the third quarter worth $182,000. Finally, Lazard Asset Management LLC lifted its position in shares of Bain Capital Specialty Finance by 58.5% in the first quarter. Lazard Asset Management LLC now owns 12,410 shares of the company’s stock valued at $194,000 after acquiring an additional 4,581 shares in the last quarter.

Bain Capital Specialty Finance Price Performance

Shares of NYSE:BCSF opened at $16.92 on Friday. The company has a market cap of $1.09 billion, a P/E ratio of 8.50 and a beta of 1.13. The business has a fifty day simple moving average of $16.80 and a 200-day simple moving average of $16.60. Bain Capital Specialty Finance, Inc. has a 52 week low of $14.75 and a 52 week high of $17.25. 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) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.50 by $0.03. The company had revenue of $72.54 million during the quarter. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. During the same quarter last year, the firm earned $0.55 EPS. Equities research analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $17.00 price objective on shares of Bain Capital Specialty Finance in a research report on Wednesday, August 21st. Wells Fargo & Company lowered their price target on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Thursday, August 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.