WFA of San Diego LLC bought a new stake in shares of Bain Capital Specialty Finance Inc (NYSE:BCSF) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 35,190 shares of the company’s stock, valued at approximately $693,000. WFA of San Diego LLC owned about 0.05% of Bain Capital Specialty Finance as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Bain Capital Credit LP lifted its holdings in shares of Bain Capital Specialty Finance by 35.9% during the second quarter. Bain Capital Credit LP now owns 11,822,433 shares of the company’s stock valued at $130,993,000 after purchasing an additional 3,126,180 shares during the last quarter. Employees Retirement System of Texas increased its position in shares of Bain Capital Specialty Finance by 27.0% during the first quarter. Employees Retirement System of Texas now owns 4,113,167 shares of the company’s stock valued at $38,129,000 after acquiring an additional 875,460 shares in the last quarter. UBS Group AG increased its position in shares of Bain Capital Specialty Finance by 15.2% during the second quarter. UBS Group AG now owns 1,710,724 shares of the company’s stock valued at $18,955,000 after acquiring an additional 226,028 shares in the last quarter. Starr International Co. Inc. increased its position in shares of Bain Capital Specialty Finance by 3.0% during the second quarter. Starr International Co. Inc. now owns 736,873 shares of the company’s stock valued at $8,165,000 after acquiring an additional 21,514 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Bain Capital Specialty Finance by 27.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 456,390 shares of the company’s stock valued at $5,057,000 after acquiring an additional 98,077 shares in the last quarter. Hedge funds and other institutional investors own 53.00% of the company’s stock.

Several equities research analysts recently weighed in on BCSF shares. Zacks Investment Research downgraded shares of Bain Capital Specialty Finance from a “buy” rating to a “hold” rating in a research report on Thursday, August 27th. Bank of America downgraded shares of Bain Capital Specialty Finance from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a research report on Monday, June 29th. BofA Securities downgraded shares of Bain Capital Specialty Finance from a “buy” rating to a “neutral” rating in a research report on Monday, June 29th. Finally, BCS downgraded shares of Bain Capital Specialty Finance from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a research report on Monday, June 29th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Bain Capital Specialty Finance has a consensus rating of “Hold” and an average target price of $12.13.

In other news, CFO Sally F. Dornaus bought 2,500 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were bought at an average price of $10.43 per share, for a total transaction of $26,075.00. 0.43% of the stock is currently owned by insiders.

Shares of Bain Capital Specialty Finance stock traded down $0.04 on Wednesday, hitting $10.71. 2,303 shares of the company’s stock were exchanged, compared to its average volume of 178,185. The company has a 50-day simple moving average of $10.44 and a 200-day simple moving average of $11.16. The stock has a market capitalization of $694.02 million, a PE ratio of 6.56 and a beta of 1.49. Bain Capital Specialty Finance Inc has a 1 year low of $7.11 and a 1 year high of $20.35.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.37 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. The business had revenue of $47.87 million for the quarter, compared to analysts’ expectations of $54.71 million. Bain Capital Specialty Finance had a negative net margin of 20.85% and a positive return on equity of 8.61%. Equities research analysts predict that Bain Capital Specialty Finance Inc will post 1.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 12.70%. The ex-dividend date is Tuesday, September 29th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is 82.93%.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc operates as a business development company (BDC) 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.

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Institutional Ownership by Quarter for Bain Capital Specialty Finance (NYSE:BCSF)

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