Onyx Bridge Wealth Group LLC Sells 9,428 Shares of Bain Capital Specialty Finance, Inc. $BCSF

Onyx Bridge Wealth Group LLC trimmed its position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 28.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,482 shares of the company’s stock after selling 9,428 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Bain Capital Specialty Finance were worth $353,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Bain Capital Specialty Finance in the first quarter worth $100,000. MQS Management LLC purchased a new position in shares of Bain Capital Specialty Finance in the first quarter worth $176,000. Jump Financial LLC purchased a new position in shares of Bain Capital Specialty Finance in the first quarter worth $200,000. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Bain Capital Specialty Finance in the second quarter worth $185,000. Finally, Cooper Financial Group increased its stake in shares of Bain Capital Specialty Finance by 14.4% in the second quarter. Cooper Financial Group now owns 13,597 shares of the company’s stock worth $205,000 after buying an additional 1,716 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Bain Capital Specialty Finance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Bain Capital Specialty Finance currently has an average rating of “Hold” and an average price target of $16.50.

Bain Capital Specialty Finance Stock Down 1.5%

NYSE:BCSF opened at $14.02 on Thursday. Bain Capital Specialty Finance, Inc. has a 1-year low of $13.20 and a 1-year high of $19.21. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.63 and a quick ratio of 3.63. The firm’s 50-day moving average price is $14.77 and its 200-day moving average price is $15.03. The company has a market capitalization of $909.15 million, a PE ratio of 8.44 and a beta of 0.81.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. Bain Capital Specialty Finance had a net margin of 37.90% and a return on equity of 11.41%. The business had revenue of $70.97 million for the quarter, compared to analyst estimates of $67.88 million. On average, equities analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

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.