HighTower Advisors LLC Sells 2,864 Shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

HighTower Advisors LLC trimmed its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,763 shares of the company’s stock after selling 2,864 shares during the quarter. HighTower Advisors LLC’s holdings in Bain Capital Specialty Finance were worth $1,240,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new stake in Bain Capital Specialty Finance in the 3rd quarter valued at about $136,000. Townsquare Capital LLC raised its stake in shares of Bain Capital Specialty Finance by 6.3% during the third quarter. Townsquare Capital LLC now owns 50,267 shares of the company’s stock valued at $834,000 after acquiring an additional 2,957 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Bain Capital Specialty Finance by 5.5% in the third quarter. Rockefeller Capital Management L.P. now owns 270,826 shares of the company’s stock valued at $4,496,000 after purchasing an additional 14,223 shares during the period. Centiva Capital LP bought a new position in Bain Capital Specialty Finance in the third quarter worth approximately $199,000. Finally, Jane Street Group LLC increased 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 worth $400,000 after purchasing an additional 13,892 shares during the period.

Bain Capital Specialty Finance Stock Performance

Shares of BCSF stock opened at $16.88 on Wednesday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 8.48 and a beta of 1.10. Bain Capital Specialty Finance, Inc. has a 52-week low of $15.29 and a 52-week high of $19.21. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13. The company’s 50 day moving average is $17.75 and its 200 day moving average is $17.24.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $73.30 million for the quarter, compared to the consensus estimate of $67.50 million. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. On average, sell-side analysts anticipate that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance’s payout ratio is 90.81%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BCSF shares. Wells Fargo & Company upped their target price on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods upped their price objective on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 4th.

Insider Activity

In other Bain Capital Specialty Finance news, Director Clare Stack Richer bought 1,530 shares of Bain Capital Specialty Finance stock in a transaction that occurred on Monday, March 17th. The shares were 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 of the company’s stock, valued at approximately $342,319.05. This represents a 7.93 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.59% of the company’s stock.

Bain Capital Specialty Finance Company 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.