Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Holdings Cut by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC cut its stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 63.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,695 shares of the company’s stock after selling 2,948 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Bain Capital Specialty Finance were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. FinTrust Capital Advisors LLC purchased a new position in Bain Capital Specialty Finance in the fourth quarter valued at about $30,000. Signaturefd LLC bought a new stake in shares of Bain Capital Specialty Finance in the 4th quarter valued at approximately $93,000. Cape Investment Advisory Inc. acquired a new position in Bain Capital Specialty Finance in the fourth quarter worth approximately $134,000. Kingswood Wealth Advisors LLC bought a new position in Bain Capital Specialty Finance during the fourth quarter valued at approximately $203,000. Finally, Dfpg Investments LLC lifted its stake in Bain Capital Specialty Finance by 13.3% in the fourth quarter. Dfpg Investments LLC now owns 14,030 shares of the company’s stock valued at $211,000 after acquiring an additional 1,650 shares during the last quarter.

Analyst Upgrades and Downgrades

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

Bain Capital Specialty Finance Stock Down 0.6 %

Shares of BCSF traded down $0.10 during trading hours on Friday, hitting $16.61. 271,475 shares of the company were exchanged, compared to its average volume of 328,270. The firm’s 50 day moving average is $15.86 and its 200-day moving average is $15.46. 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 52 week low of $11.06 and a 52 week high of $16.94. The company has a market cap of $1.07 billion, a PE ratio of 8.74 and a beta of 1.11.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its earnings results on Tuesday, February 27th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. Bain Capital Specialty Finance had a return on equity of 12.54% and a net margin of 41.43%. The firm had revenue of $74.95 million during the quarter. On average, equities research analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.07 EPS for the current fiscal year.

Bain Capital Specialty Finance Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were paid a $0.45 dividend. The ex-dividend date was Wednesday, March 27th. This is a positive change from Bain Capital Specialty Finance’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a yield of 10.84%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 88.42%.

About Bain Capital Specialty Finance

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.