Allworth Financial LP Cuts Stake in Bain Capital Specialty Finance, Inc. $BCSF

Allworth Financial LP cut its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 53.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,274 shares of the company’s stock after selling 87,736 shares during the quarter. Allworth Financial LP owned 0.12% of Bain Capital Specialty Finance worth $1,073,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. CANADA LIFE ASSURANCE Co increased its stake in shares of Bain Capital Specialty Finance by 1.4% during the second quarter. CANADA LIFE ASSURANCE Co now owns 51,245 shares of the company’s stock worth $771,000 after buying an additional 723 shares during the period. CFO4Life Group LLC lifted its stake in Bain Capital Specialty Finance by 2.9% in the third quarter. CFO4Life Group LLC now owns 31,813 shares of the company’s stock worth $453,000 after acquiring an additional 905 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in Bain Capital Specialty Finance by 5.4% in the second quarter. Diversify Advisory Services LLC now owns 23,143 shares of the company’s stock worth $351,000 after acquiring an additional 1,193 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Bain Capital Specialty Finance by 52.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,604 shares of the company’s stock worth $54,000 after acquiring an additional 1,241 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Bain Capital Specialty Finance by 3.0% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 43,977 shares of the company’s stock valued at $661,000 after purchasing an additional 1,275 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BCSF. Wells Fargo & Company reduced their price objective on shares of Bain Capital Specialty Finance from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 3rd. Keefe, Bruyette & Woods decreased their price target on Bain Capital Specialty Finance from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Bain Capital Specialty Finance presently has a consensus rating of “Hold” and an average target price of $14.00.

Bain Capital Specialty Finance Stock Performance

NYSE BCSF opened at $12.46 on Tuesday. The company has a fifty day moving average of $13.10 and a two-hundred day moving average of $13.81. The company has a market capitalization of $807.94 million, a PE ratio of 8.14 and a beta of 0.60. Bain Capital Specialty Finance, Inc. has a 1 year low of $11.82 and a 1 year high of $17.04. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.82 and a quick ratio of 1.82.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its earnings results on Thursday, February 26th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $68.20 million for the quarter, compared to analysts’ expectations of $68.48 million. Bain Capital Specialty Finance had a return on equity of 10.74% and a net margin of 36.14%. As a group, analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

Bain Capital Specialty Finance Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date of this dividend is Monday, March 16th. This is a positive change from Bain Capital Specialty Finance’s previous quarterly dividend of $0.03. Bain Capital Specialty Finance’s dividend payout ratio is presently 109.80%.

Bain Capital Specialty Finance Profile

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.