JPMorgan Chase & Co. Trims Stock Holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

JPMorgan Chase & Co. lowered its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 222,668 shares of the company’s stock after selling 1,860 shares during the quarter. JPMorgan Chase & Co. owned 0.34% of Bain Capital Specialty Finance worth $3,901,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Mascoma Wealth Management LLC purchased a new stake in Bain Capital Specialty Finance during the fourth quarter worth $29,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Bain Capital Specialty Finance in the fourth quarter valued at about $151,000. Cooper Financial Group raised its holdings in Bain Capital Specialty Finance by 7.5% in the fourth quarter. Cooper Financial Group now owns 15,064 shares of the company’s stock worth $264,000 after purchasing an additional 1,053 shares in the last quarter. Prairiewood Capital LLC boosted its holdings in shares of Bain Capital Specialty Finance by 8.6% in the 4th quarter. Prairiewood Capital LLC now owns 15,211 shares of the company’s stock valued at $266,000 after buying an additional 1,201 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Bain Capital Specialty Finance by 43.4% in the 4th quarter. Farther Finance Advisors LLC now owns 15,705 shares of the company’s stock worth $275,000 after buying an additional 4,750 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Clare Stack Richer acquired 1,530 shares of Bain Capital Specialty Finance stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average price of $16.43 per share, for a total transaction of $25,137.90. Following the completion of the transaction, the director now owns 20,835 shares in the company, valued at $342,319.05. This represents a 7.93 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.59% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BCSF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company increased their price target on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Monday, March 3rd.

Bain Capital Specialty Finance Price Performance

Shares of NYSE BCSF opened at $14.96 on Monday. Bain Capital Specialty Finance, Inc. has a 52 week low of $13.20 and a 52 week high of $19.21. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13. The firm has a market cap of $966.64 million, a P/E ratio of 7.52 and a beta of 0.79. The business’s 50 day moving average price is $16.73 and its 200 day moving average price is $17.01.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $73.30 million during the quarter, compared to analysts’ expectations of $67.50 million. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. On average, sell-side analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

Bain Capital Specialty Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 annualized dividend and a yield of 0.80%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is currently 90.81%.

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.