Zacks Investment Research cut shares of Bain Capital Specialty Finance (NYSE:BCSF) from a hold rating to a sell rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Bain Capital Specialty Finance Inc. is a business development company. It focuses on investment in middle-market companies. Bain Capital Specialty Finance Inc. is based in Boston, United States. “

Separately, JMP Securities initiated coverage on Bain Capital Specialty Finance in a research note on Wednesday, April 24th. They set a market perform rating for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $20.25.

Shares of Bain Capital Specialty Finance stock opened at $18.05 on Wednesday. The company has a 50-day simple moving average of $18.51. The company has a market capitalization of $929.70 million and a PE ratio of 12.45. Bain Capital Specialty Finance has a 52-week low of $15.14 and a 52-week high of $20.90.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The business had revenue of $39.89 million during the quarter, compared to the consensus estimate of $41.83 million. Bain Capital Specialty Finance had a net margin of 44.85% and a return on equity of 7.23%. As a group, analysts expect that Bain Capital Specialty Finance will post 1.68 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 9.09%. The ex-dividend date is Thursday, June 27th. Bain Capital Specialty Finance’s payout ratio is 113.10%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in shares of Bain Capital Specialty Finance during the first quarter worth about $198,000. Stifel Financial Corp bought a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth about $224,000. Bank of New York Mellon Corp bought a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth about $234,000. Boston Private Wealth LLC bought a new stake in shares of Bain Capital Specialty Finance during the second quarter worth about $393,000. Finally, Northern Trust Corp bought a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth about $370,000. 9.41% of the stock is owned by hedge funds and other institutional investors.

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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