Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. decreased its position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,495 shares of the company’s stock after selling 866 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Bain Capital Specialty Finance were worth $776,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of Bain Capital Specialty Finance by 7.3% during the first quarter. Bank of America Corp DE now owns 4,090,054 shares of the company’s stock worth $48,753,000 after purchasing an additional 279,708 shares during the period. Dimension Capital Management LLC lifted its holdings in shares of Bain Capital Specialty Finance by 0.3% during the third quarter. Dimension Capital Management LLC now owns 3,660,371 shares of the company’s stock worth $56,040,000 after purchasing an additional 10,646 shares during the period. Melia Wealth LLC acquired a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth about $14,327,000. Van ECK Associates Corp lifted its holdings in shares of Bain Capital Specialty Finance by 6.6% during the third quarter. Van ECK Associates Corp now owns 738,990 shares of the company’s stock worth $11,314,000 after purchasing an additional 45,973 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Bain Capital Specialty Finance by 1,760.5% during the fourth quarter. Millennium Management LLC now owns 608,125 shares of the company’s stock worth $7,237,000 after purchasing an additional 575,439 shares during the period.

Wall Street Analysts Forecast Growth

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

Bain Capital Specialty Finance Stock Up 0.2 %

Shares of NYSE:BCSF opened at $15.62 on Wednesday. Bain Capital Specialty Finance, Inc. has a 12-month low of $11.06 and a 12-month high of $16.80. The business has a 50 day moving average of $15.58 and a two-hundred day moving average of $15.36. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.18 and a quick ratio of 2.18.

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

Bain Capital Specialty Finance Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from Bain Capital Specialty Finance’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a yield of 11.53%. Bain Capital Specialty Finance’s payout ratio is presently 88.42%.

Bain Capital Specialty Finance 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.