Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Shares Sold by Pathstone Family Office LLC

Pathstone Family Office LLC lowered its holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF – Get Rating) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,237 shares of the company’s stock after selling 1,250 shares during the quarter. Pathstone Family Office LLC owned 0.09% of Bain Capital Specialty Finance worth $699,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BCSF. Lazard Asset Management LLC acquired a new stake in shares of Bain Capital Specialty Finance in the second quarter worth $25,000. Nomura Asset Management Co. Ltd. acquired a new stake in Bain Capital Specialty Finance during the third quarter valued at $25,000. Tower Research Capital LLC TRC grew its position in Bain Capital Specialty Finance by 949.4% during the third quarter. Tower Research Capital LLC TRC now owns 2,613 shares of the company’s stock valued at $31,000 after buying an additional 2,364 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Bain Capital Specialty Finance during the second quarter valued at $36,000. Finally, Wagner Wealth Management LLC acquired a new stake in Bain Capital Specialty Finance during the second quarter valued at $39,000.

Bain Capital Specialty Finance Stock Performance

BCSF opened at $12.03 on Tuesday. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.24. The company has a market cap of $776.66 million, a price-to-earnings ratio of 7.38 and a beta of 1.24. Bain Capital Specialty Finance, Inc. has a 52-week low of $11.51 and a 52-week high of $16.25. The firm’s fifty day simple moving average is $13.00 and its two-hundred day simple moving average is $13.09.

Bain Capital Specialty Finance Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, March 31st will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 12.64%. This is an increase from Bain Capital Specialty Finance’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, March 30th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 93.25%.

Analyst Upgrades and Downgrades

BCSF has been the topic of several analyst reports. Citigroup dropped 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 raised their price target on shares of Bain Capital Specialty Finance from $12.00 to $12.50 and gave the company an “underweight” rating in a research report on Friday, March 3rd.

Bain Capital Specialty Finance Company Profile

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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.