Raymond James Financial Services Advisors Inc. decreased its position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF – Get Rating) by 4.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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.
Several other hedge funds have also recently bought and sold shares of BCSF. Lazard Asset Management LLC acquired a new stake in Bain Capital Specialty Finance in the 2nd quarter valued at about $25,000. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in Bain Capital Specialty Finance in the 2nd quarter valued at about $27,000. Point72 Hong Kong Ltd acquired a new stake in Bain Capital Specialty Finance in the 2nd quarter valued at about $36,000. Wagner Wealth Management LLC acquired a new stake in Bain Capital Specialty Finance in the 2nd quarter valued at about $39,000. Finally, Quantbot Technologies LP acquired a new stake in Bain Capital Specialty Finance in the 2nd quarter valued at about $45,000.
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 Trading Down 0.8 %
Bain Capital Specialty Finance (NYSE:BCSF – Get Rating) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.18. Bain Capital Specialty Finance had a return on equity of 9.46% and a net margin of 39.60%. The business had revenue of $62.82 million for the quarter. As a group, equities research analysts expect 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 issued a $0.36 dividend. The ex-dividend date is Thursday, December 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.13%. This is an increase from Bain Capital Specialty Finance’s previous quarterly dividend of $0.34. Bain Capital Specialty Finance’s dividend payout ratio is presently 109.92%.
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.
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