Raymond James & Associates Sells 3,509 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Raymond James & Associates lessened its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 10.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,403 shares of the company’s stock after selling 3,509 shares during the quarter. Raymond James & Associates’ holdings in Bain Capital Specialty Finance were worth $443,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BCSF. Redhawk Wealth Advisors Inc. acquired a new position in shares of Bain Capital Specialty Finance during the fourth quarter worth $579,000. Melia Wealth LLC purchased a new stake in Bain Capital Specialty Finance during the 4th quarter worth approximately $14,327,000. Dfpg Investments LLC raised its holdings 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 during the last quarter. First Affirmative Financial Network grew its holdings in shares of Bain Capital Specialty Finance by 18.5% during the fourth quarter. First Affirmative Financial Network now owns 14,900 shares of the company’s stock valued at $225,000 after buying an additional 2,326 shares during the last quarter. Finally, Dimension Capital Management LLC raised its stake in Bain Capital Specialty Finance by 0.3% in the 3rd quarter. Dimension Capital Management LLC now owns 3,660,371 shares of the company’s stock worth $56,040,000 after acquiring an additional 10,646 shares during the last quarter.

Bain Capital Specialty Finance Stock Performance

Shares of Bain Capital Specialty Finance stock opened at $16.47 on Friday. Bain Capital Specialty Finance, Inc. has a twelve month low of $11.06 and a twelve month high of $16.80. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.18 and a current ratio of 2.18. The business has a 50-day moving average price of $15.71 and a 200 day moving average price of $15.40.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its earnings results on Tuesday, February 27th. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. Bain Capital Specialty Finance had a return on equity of 12.54% and a net margin of 41.43%. The business had revenue of $74.95 million during the quarter. On average, analysts predict that Bain Capital Specialty Finance, Inc. will post 2.07 EPS 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. Investors of record on Thursday, March 28th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 10.93%. 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. Bain Capital Specialty Finance’s dividend payout ratio is 88.42%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upped 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 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.