Lido Advisors LLC Cuts Stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Lido Advisors LLC cut its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 2.5% during the 4th quarter, HoldingsChannel reports. The fund owned 53,628 shares of the company’s stock after selling 1,400 shares during the quarter. Lido Advisors LLC’s holdings in Bain Capital Specialty Finance were worth $964,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Jane Street Group LLC boosted its holdings in Bain Capital Specialty Finance by 136.2% during the 3rd quarter. Jane Street Group LLC now owns 24,092 shares of the company’s stock valued at $400,000 after acquiring an additional 13,892 shares during the period. Franklin Resources Inc. boosted its stake in shares of Bain Capital Specialty Finance by 14.6% during the third quarter. Franklin Resources Inc. now owns 287,890 shares of the company’s stock valued at $4,779,000 after purchasing an additional 36,585 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Bain Capital Specialty Finance by 47.0% in the third quarter. JPMorgan Chase & Co. now owns 224,528 shares of the company’s stock worth $3,727,000 after purchasing an additional 71,806 shares during the last quarter. Graypoint LLC increased its stake in shares of Bain Capital Specialty Finance by 2.1% in the fourth quarter. Graypoint LLC now owns 105,271 shares of the company’s stock worth $1,844,000 after buying an additional 2,159 shares during the period. Finally, Cooper Financial Group raised its holdings in Bain Capital Specialty Finance by 7.5% during the 4th quarter. Cooper Financial Group now owns 15,064 shares of the company’s stock valued at $264,000 after buying an additional 1,053 shares during the last quarter.

Insider Buying and Selling at Bain Capital Specialty Finance

In other Bain Capital Specialty Finance news, Director Clare Stack Richer purchased 1,530 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was bought at an average cost of $16.43 per share, with a total value of $25,137.90. Following the transaction, the director now directly owns 20,835 shares in the company, valued at approximately $342,319.05. The trade was a 7.93 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BCSF. Wells Fargo & Company decreased their price objective on shares of Bain Capital Specialty Finance from $19.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Keefe, Bruyette & Woods lowered their price target on Bain Capital Specialty Finance from $18.00 to $17.00 and set a “market perform” rating for the company in a research report on Tuesday, April 8th.

Bain Capital Specialty Finance Stock Up 2.4 %

Shares of NYSE BCSF opened at $15.37 on Friday. The firm has a fifty day simple moving average of $16.07 and a two-hundred day simple moving average of $16.91. Bain Capital Specialty Finance, Inc. has a 12 month low of $13.20 and a 12 month high of $19.21. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $997.04 million, a PE ratio of 7.72 and a beta of 0.82.

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

Bain Capital Specialty Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be issued a $0.03 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 dividend on an annualized basis and a yield of 0.78%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is 90.81%.

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.