HighTower Advisors LLC Decreases Stock Holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

HighTower Advisors LLC reduced its position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,763 shares of the company’s stock after selling 2,864 shares during the period. HighTower Advisors LLC owned approximately 0.11% of Bain Capital Specialty Finance worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Bain Capital Specialty Finance during the 4th quarter valued at $1,482,000. Lake Street Advisors Group LLC bought a new stake in Bain Capital Specialty Finance during the fourth quarter valued at about $6,886,000. Strategic Financial Concepts LLC purchased a new position in shares of Bain Capital Specialty Finance in the fourth quarter valued at about $1,135,000. Allworth Financial LP bought a new position in shares of Bain Capital Specialty Finance in the fourth quarter worth about $5,459,000. Finally, Van ECK Associates Corp grew its position in shares of Bain Capital Specialty Finance by 13.8% during the fourth quarter. Van ECK Associates Corp now owns 1,088,471 shares of the company’s stock worth $19,070,000 after purchasing an additional 131,860 shares in the last quarter.

Bain Capital Specialty Finance Trading Down 0.2 %

Shares of Bain Capital Specialty Finance stock opened at $16.88 on Wednesday. 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 $1.09 billion, a price-to-earnings ratio of 8.48 and a beta of 1.10. Bain Capital Specialty Finance, Inc. has a twelve month low of $15.29 and a twelve month high of $19.21. The business has a 50-day moving average price of $17.75 and a 200-day moving average price of $17.24.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $73.30 million for the quarter, compared to the consensus estimate of $67.50 million. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. Equities research analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.12 annualized dividend and a yield of 0.71%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is currently 90.81%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wells Fargo & Company upped their price target on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods boosted their target price on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, March 4th.

Insider Buying and Selling at Bain Capital Specialty Finance

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

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.