Sumitomo Mitsui Trust Group Inc. Boosts Position in Bain Capital Specialty Finance, Inc. $BCSF

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 28.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 446,968 shares of the company’s stock after buying an additional 97,714 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.69% of Bain Capital Specialty Finance worth $6,722,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Melia Wealth LLC boosted its position in shares of Bain Capital Specialty Finance by 6.3% during the 2nd quarter. Melia Wealth LLC now owns 990,732 shares of the company’s stock valued at $14,901,000 after acquiring an additional 58,815 shares during the last quarter. Muzinich & Co. Inc. boosted its position in shares of Bain Capital Specialty Finance by 13.3% during the 1st quarter. Muzinich & Co. Inc. now owns 362,026 shares of the company’s stock valued at $6,010,000 after acquiring an additional 42,501 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Bain Capital Specialty Finance by 5.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 346,923 shares of the company’s stock valued at $5,759,000 after acquiring an additional 17,050 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Bain Capital Specialty Finance by 7.5% during the 1st quarter. Cetera Investment Advisers now owns 341,305 shares of the company’s stock valued at $5,666,000 after acquiring an additional 23,956 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Bain Capital Specialty Finance by 4.9% during the 1st quarter. Advisors Asset Management Inc. now owns 254,563 shares of the company’s stock valued at $4,226,000 after acquiring an additional 11,892 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Bain Capital Specialty Finance from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $16.50.

Bain Capital Specialty Finance Stock Performance

NYSE:BCSF opened at $14.15 on Thursday. The business has a 50 day moving average of $14.66 and a 200 day moving average of $15.04. The company has a market capitalization of $917.91 million, a price-to-earnings ratio of 8.52 and a beta of 0.81. Bain Capital Specialty Finance, Inc. has a 1-year low of $13.20 and a 1-year high of $19.21. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.63 and a quick ratio of 3.63.

Bain Capital Specialty Finance (NYSE:BCSF) last released its earnings results on Tuesday, August 5th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. The company had revenue of $70.97 million during the quarter, compared to the consensus estimate of $67.88 million. Bain Capital Specialty Finance had a return on equity of 11.41% and a net margin of 37.90%. On average, sell-side analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current fiscal year.

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.