Millennium Management LLC Decreases Stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Millennium Management LLC lowered its position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 21.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 324,914 shares of the company’s stock after selling 87,815 shares during the quarter. Millennium Management LLC owned approximately 0.50% of Bain Capital Specialty Finance worth $5,299,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Register Financial Advisors LLC purchased a new stake in shares of Bain Capital Specialty Finance during the 2nd quarter worth approximately $130,000. Twin Focus Capital Partners LLC acquired a new position in shares of Bain Capital Specialty Finance in the 4th quarter valued at $151,000. BOKF NA acquired a new position in shares of Bain Capital Specialty Finance in the 2nd quarter valued at $159,000. Cooper Financial Group acquired a new position in shares of Bain Capital Specialty Finance in the 1st quarter valued at $182,000. Finally, Lazard Asset Management LLC increased its holdings in shares of Bain Capital Specialty Finance by 58.5% in the 1st quarter. Lazard Asset Management LLC now owns 12,410 shares of the company’s stock valued at $194,000 after acquiring an additional 4,581 shares during the period.

Bain Capital Specialty Finance Stock Performance

Shares of BCSF opened at $16.63 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a market capitalization of $1.07 billion, a P/E ratio of 8.32 and a beta of 1.13. The company’s fifty day moving average is $16.59 and its two-hundred day moving average is $16.44. Bain Capital Specialty Finance, Inc. has a 1 year low of $14.60 and a 1 year high of $17.25.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Bain Capital Specialty Finance had a net margin of 43.90% and a return on equity of 12.09%. The business had revenue of $72.27 million for the quarter. During the same period last year, the company earned $0.60 earnings per share. On average, sell-side analysts predict that Bain Capital Specialty Finance, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analyst Weigh In

BCSF has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $17.00 target price on shares of Bain Capital Specialty Finance in a report on Wednesday, August 21st.

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.