Raymond James Financial Services Advisors Inc. Decreases Stock Holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Raymond James Financial Services Advisors Inc. reduced its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 2.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 58,594 shares of the company’s stock after selling 1,542 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Bain Capital Specialty Finance were worth $869,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BCSF. Advisory Services Network LLC purchased a new stake in Bain Capital Specialty Finance during the second quarter worth approximately $45,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of Bain Capital Specialty Finance during the third quarter worth $48,000. Advisor Group Holdings Inc. lifted its position in shares of Bain Capital Specialty Finance by 48.6% during the second quarter. Advisor Group Holdings Inc. now owns 8,867 shares of the company’s stock worth $135,000 after purchasing an additional 2,900 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Bain Capital Specialty Finance during the second quarter worth $160,000. Finally, Stephens Inc. AR lifted its position in shares of Bain Capital Specialty Finance by 16.5% during the third quarter. Stephens Inc. AR now owns 12,703 shares of the company’s stock worth $189,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors own 48.29% of the company’s stock.

BCSF has been the topic of a number of recent research reports. TheStreet raised shares of Bain Capital Specialty Finance from a “c-” rating to a “b-” rating in a research report on Monday, November 15th. Zacks Investment Research cut shares of Bain Capital Specialty Finance from a “buy” rating to a “hold” rating in a research report on Tuesday, January 4th.

BCSF opened at $15.75 on Friday. The stock has a market capitalization of $1.02 billion, a PE ratio of 7.43, a P/E/G ratio of 1.05 and a beta of 1.53. The firm’s fifty day moving average price is $15.53 and its 200 day moving average price is $15.32. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.69 and a quick ratio of 2.69. Bain Capital Specialty Finance, Inc. has a 12-month low of $12.40 and a 12-month high of $16.45.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings results on Tuesday, November 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $49.55 million for the quarter, compared to analysts’ expectations of $45.22 million. Bain Capital Specialty Finance had a net margin of 70.57% and a return on equity of 8.08%. During the same period in the prior year, the company posted $0.33 earnings per share. On average, equities research analysts forecast that Bain Capital Specialty Finance, Inc. will post 1.36 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 28th. Shareholders of record on Friday, December 31st will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, December 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 8.63%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is 64.15%.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance, Inc operates as a development stage company, which intends to focus on senior investments with a first or second lien on collateral and strong structures and documentation, intended to protect the lender. The company was founded on October 5, 2015 and is headquartered in Boston, MA.

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Institutional Ownership by Quarter for Bain Capital Specialty Finance (NYSE:BCSF)

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