Sumitomo Mitsui Trust Holdings Inc. Reduces Stock Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Sumitomo Mitsui Trust Holdings Inc. lowered its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 9.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 230,590 shares of the company’s stock after selling 25,309 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Bain Capital Specialty Finance were worth $3,475,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BCSF. DAVENPORT & Co LLC purchased a new stake in shares of Bain Capital Specialty Finance in the third quarter worth $160,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of Bain Capital Specialty Finance in the fourth quarter worth $203,000. Dfpg Investments LLC raised its position in shares of Bain Capital Specialty Finance by 13.3% in the fourth quarter. Dfpg Investments LLC now owns 14,030 shares of the company’s stock worth $211,000 after buying an additional 1,650 shares in the last quarter. First Affirmative Financial Network raised its position in shares of Bain Capital Specialty Finance by 18.5% in the fourth quarter. First Affirmative Financial Network now owns 14,900 shares of the company’s stock worth $225,000 after buying an additional 2,326 shares in the last quarter. Finally, Eagle Global Advisors LLC raised its position in shares of Bain Capital Specialty Finance by 29.8% in the third quarter. Eagle Global Advisors LLC now owns 18,710 shares of the company’s stock worth $286,000 after buying an additional 4,290 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Bain Capital Specialty Finance Trading Up 1.1 %

Shares of BCSF stock opened at $16.22 on Wednesday. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.11. Bain Capital Specialty Finance, Inc. has a 52-week low of $11.06 and a 52-week high of $16.80. The business’s fifty day moving average is $15.67 and its 200 day moving average is $15.39.

Bain Capital Specialty Finance (NYSE:BCSF) last released its earnings results on Tuesday, February 27th. The company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $74.95 million for the quarter. Bain Capital Specialty Finance had a return on equity of 12.54% and a net margin of 41.43%. Equities research analysts forecast 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 11.10%. The ex-dividend date is Wednesday, March 27th. This is a boost from Bain Capital Specialty Finance’s previous quarterly dividend of $0.42. Bain Capital Specialty Finance’s dividend payout ratio is currently 88.42%.

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.