Bain Capital Specialty Finance, Inc. $BCSF Shares Sold by Privium Fund Management UK Ltd

Privium Fund Management UK Ltd trimmed its stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 50.8% during the third quarter, HoldingsChannel.com reports. The fund owned 46,993 shares of the company’s stock after selling 48,558 shares during the quarter. Bain Capital Specialty Finance accounts for about 0.3% of Privium Fund Management UK Ltd’s holdings, making the stock its 8th largest position. Privium Fund Management UK Ltd’s holdings in Bain Capital Specialty Finance were worth $528,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Columbus Macro LLC boosted its holdings in shares of Bain Capital Specialty Finance by 42.2% in the 3rd quarter. Columbus Macro LLC now owns 641,723 shares of the company’s stock worth $7,085,000 after acquiring an additional 190,414 shares in the last quarter. Curated Wealth Partners LLC bought a new position in shares of Bain Capital Specialty Finance in the third quarter valued at about $1,104,000. International Assets Investment Management LLC raised its holdings in shares of Bain Capital Specialty Finance by 257.6% in the third quarter. International Assets Investment Management LLC now owns 100,000 shares of the company’s stock valued at $1,104,000 after buying an additional 72,036 shares during the last quarter. Spartan Wealth Advisory Services LLC acquired a new position in Bain Capital Specialty Finance during the 1st quarter worth about $598,000. Finally, Diversify Wealth Management LLC acquired a new position in Bain Capital Specialty Finance during the 1st quarter worth about $507,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BCSF shares. Zacks Research upgraded Bain Capital Specialty Finance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. Loop Capital set a $12.50 price objective on Bain Capital Specialty Finance in a research report on Friday, September 18th. Jefferies Financial Group set a $13.00 price objective on Bain Capital Specialty Finance in a report on Monday, August 17th. Noble Financial started coverage on shares of Bain Capital Specialty Finance in a research report on Friday, September 18th. They set a “neutral” rating on the stock. Finally, Keefe, Bruyette & Woods downgraded shares of Bain Capital Specialty Finance from an “outperform” rating to a “market perform” rating and cut their target price for the company from $15.00 to $13.00 in a research report on Monday, August 17th. Four investment analysts have rated the stock with a Hold rating. According to MarketBeat, Bain Capital Specialty Finance has a consensus rating of “Hold” and a consensus target price of $12.60.

Bain Capital Specialty Finance Stock Up 3.4%

Shares of Bain Capital Specialty Finance stock opened at $11.24 on Thursday. The firm has a market cap of $729.45 million, a PE ratio of 11.36 and a beta of 0.59. The business’s 50 day simple moving average is $11.03 and its 200 day simple moving average is $12.42. 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 $9.99 and a 52-week high of $14.70.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings results on Monday, August 10th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $47.80 million during the quarter, compared to the consensus estimate of $64.44 million. Bain Capital Specialty Finance had a return on equity of 10.40% and a net margin of 24.22%. On average, analysts predict 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 14.9%. The ex-dividend date was Tuesday, September 15th. Bain Capital Specialty Finance’s payout ratio is presently 169.70%.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc (NYSE: BCSF) is a business development company that provides financing to middle-market companies. The company primarily invests in privately negotiated debt investments, with an emphasis on senior secured loans, including first-lien and unitranche facilities. It may also invest in second-lien debt and, to a lesser extent, equity securities.

BCSF seeks to support companies that are generally sponsored by private equity firms and operates across a range of industries.