Royal Bank of Canada Has $938,000 Stock Holdings in Bain Capital Specialty Finance, Inc. $BCSF

Royal Bank of Canada trimmed its position in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 48.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,629 shares of the company’s stock after selling 69,678 shares during the period. Royal Bank of Canada owned about 0.12% of Bain Capital Specialty Finance worth $938,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Entropy Technologies LP acquired a new position in Bain Capital Specialty Finance in the 1st quarter worth about $266,000. Lido Advisors LLC lifted its holdings in shares of Bain Capital Specialty Finance by 5.5% during the 1st quarter. Lido Advisors LLC now owns 54,238 shares of the company’s stock valued at $673,000 after buying an additional 2,813 shares during the last quarter. Spartan Wealth Advisory Services LLC acquired a new stake in shares of Bain Capital Specialty Finance during the 1st quarter valued at about $598,000. Independent Financial Group LLC bought a new stake in shares of Bain Capital Specialty Finance in the 1st quarter valued at approximately $415,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Bain Capital Specialty Finance in the 1st quarter valued at approximately $126,000.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Capital One Financial set a $13.00 price objective on shares of Bain Capital Specialty Finance in a research report on Monday. Jefferies Financial Group set a $13.00 target price on shares of Bain Capital Specialty Finance in a research report on Monday. Keefe, Bruyette & Woods lowered shares of Bain Capital Specialty Finance from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $15.00 to $13.00 in a research note on Monday. Zacks Research downgraded shares of Bain Capital Specialty Finance from a “hold” rating to a “strong sell” rating in a report on Tuesday. Finally, Wells Fargo & Company reduced their price objective on shares of Bain Capital Specialty Finance from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $12.75.

Bain Capital Specialty Finance Stock Performance

Shares of NYSE BCSF opened at $12.10 on Friday. The business’s 50-day simple moving average is $12.54 and its 200-day simple moving average is $12.85. The company has a debt-to-equity ratio of 1.39, a quick ratio of 7.20 and a current ratio of 7.20. Bain Capital Specialty Finance, Inc. has a 52 week low of $11.82 and a 52 week high of $15.84. The firm has a market cap of $784.93 million, a price-to-earnings ratio of 12.22 and a beta of 0.58.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its earnings results on Monday, August 10th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Bain Capital Specialty Finance had a return on equity of 10.40% and a net margin of 24.22%.The firm had revenue of $47.80 million during the quarter, compared to analysts’ expectations of $64.44 million. As a group, equities research analysts expect that Bain Capital Specialty Finance, Inc. will post 1.64 earnings per share for the current fiscal year.

Bain Capital Specialty Finance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 13.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Bain Capital Specialty Finance’s dividend payout ratio is currently 169.70%.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.