Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Position Trimmed by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC decreased its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,905 shares of the company’s stock after selling 5,919 shares during the period. Beaumont Financial Advisors LLC’s holdings in Bain Capital Specialty Finance were worth $1,069,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BCSF. Advisor Group Holdings Inc. increased its stake in Bain Capital Specialty Finance by 15.0% during the first quarter. Advisor Group Holdings Inc. now owns 8,432 shares of the company’s stock valued at $131,000 after purchasing an additional 1,099 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Bain Capital Specialty Finance by 37.9% during the first quarter. JPMorgan Chase & Co. now owns 34,646 shares of the company’s stock valued at $540,000 after purchasing an additional 9,528 shares during the last quarter. Raymond James & Associates increased its stake in Bain Capital Specialty Finance by 12.9% during the first quarter. Raymond James & Associates now owns 34,387 shares of the company’s stock valued at $536,000 after purchasing an additional 3,920 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Bain Capital Specialty Finance by 5.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 63,228 shares of the company’s stock valued at $986,000 after purchasing an additional 3,518 shares during the last quarter. Finally, US Bancorp DE increased its stake in Bain Capital Specialty Finance by 160.0% during the first quarter. US Bancorp DE now owns 52,000 shares of the company’s stock valued at $811,000 after purchasing an additional 32,000 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company boosted their target price on shares of Bain Capital Specialty Finance from $13.75 to $14.50 and gave the company an “equal weight” rating in a research note on Monday, January 29th.

Bain Capital Specialty Finance Trading Up 0.5 %

Bain Capital Specialty Finance stock opened at $15.75 on Friday. The company has a 50-day simple moving average of $15.62 and a 200-day simple moving average of $15.37. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.18 and a current ratio of 2.18. Bain Capital Specialty Finance, Inc. has a one year low of $11.06 and a one year high of $16.80.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $74.95 million during the quarter. Bain Capital Specialty Finance had a net margin of 41.43% and a return on equity of 12.54%. On average, sell-side analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.07 EPS for the current year.

Bain Capital Specialty Finance Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 11.43%. This is a positive change from Bain Capital Specialty Finance’s previous quarterly dividend of $0.42. Bain Capital Specialty Finance’s dividend payout ratio is currently 88.42%.

Bain Capital Specialty Finance Profile

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.