Bain Capital Specialty Finance, Inc. $BCSF Shares Sold by Privium Fund Management UK Ltd

Privium Fund Management UK Ltd cut its position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 50.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,993 shares of the company’s stock after selling 48,558 shares during the period. Bain Capital Specialty Finance accounts for about 0.3% of Privium Fund Management UK Ltd’s investment portfolio, making the stock its 8th largest position. Privium Fund Management UK Ltd owned approximately 0.07% of Bain Capital Specialty Finance worth $528,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in BCSF. Sumitomo Mitsui Trust Group Inc. raised its position in Bain Capital Specialty Finance by 1.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 625,236 shares of the company’s stock valued at $6,903,000 after acquiring an additional 7,414 shares in the last quarter. International Assets Investment Management LLC grew its position in Bain Capital Specialty Finance by 257.6% in the third quarter. International Assets Investment Management LLC now owns 100,000 shares of the company’s stock worth $1,104,000 after acquiring an additional 72,036 shares in the last quarter. Park Avenue Securities LLC bought a new stake in Bain Capital Specialty Finance in the third quarter worth approximately $132,000. Straight Path Wealth Management acquired a new position in shares of Bain Capital Specialty Finance during the 3rd quarter worth $221,000. Finally, Foster Victor Wealth Advisors LLC increased its stake in shares of Bain Capital Specialty Finance by 6.4% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 33,278 shares of the company’s stock worth $335,000 after purchasing an additional 2,000 shares during the last quarter.

Bain Capital Specialty Finance Stock Up 3.4%

Shares of Bain Capital Specialty Finance stock opened at $11.24 on Thursday. Bain Capital Specialty Finance, Inc. has a 12-month low of $9.99 and a 12-month high of $14.70. The company has a quick ratio of 7.20, a current ratio of 7.20 and a debt-to-equity ratio of 1.39. The stock has a 50 day moving average price of $11.03 and a two-hundred day moving average price of $12.42. The stock has a market capitalization of $729.45 million, a P/E ratio of 11.36 and a beta of 0.59.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings results on Monday, August 10th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Bain Capital Specialty Finance had a net margin of 24.22% and a return on equity of 10.40%. The company had revenue of $47.80 million for the quarter, compared to analyst estimates of $64.44 million. Equities analysts expect that Bain Capital Specialty Finance, Inc. will post 1.64 earnings per share for the current year.

Bain Capital Specialty Finance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 14.9%. The ex-dividend date was Tuesday, September 15th. Bain Capital Specialty Finance’s dividend payout ratio is presently 169.70%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BCSF shares. Noble Financial initiated coverage on shares of Bain Capital Specialty Finance in a report on Friday, September 18th. They set a “neutral” rating on the stock. Capital One Financial set a $12.50 price objective on shares of Bain Capital Specialty Finance in a research note on Friday, September 18th. Keefe, Bruyette & Woods cut shares of Bain Capital Specialty Finance from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $15.00 to $13.00 in a report on Monday, August 17th. Wells Fargo & Company lowered their target price on shares of Bain Capital Specialty Finance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 12th. Finally, Loop Capital set a $12.50 target price on Bain Capital Specialty Finance in a report on Friday, September 18th. Four investment analysts have rated the stock with a Hold rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.60.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc (NYSE: BCSF) is a business development company that provides financing to middle-market companies. The company primarily invests in privately negotiated debt investments, with an emphasis on senior secured loans, including first-lien and unitranche facilities. It may also invest in second-lien debt and, to a lesser extent, equity securities.

BCSF seeks to support companies that are generally sponsored by private equity firms and operates across a range of industries.