Raymond James Financial Services Advisors Inc. Reduces Holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Raymond James Financial Services Advisors Inc. trimmed its stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,594 shares of the company’s stock after selling 1,542 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.09% of Bain Capital Specialty Finance worth $869,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Advisory Services Network LLC purchased a new position in Bain Capital Specialty Finance during the 2nd quarter worth $45,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in Bain Capital Specialty Finance during the 3rd quarter worth $48,000. Advisor Group Holdings Inc. grew its position in Bain Capital Specialty Finance by 48.6% during the 2nd quarter. Advisor Group Holdings Inc. now owns 8,867 shares of the company’s stock worth $135,000 after purchasing an additional 2,900 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Bain Capital Specialty Finance during the 2nd quarter worth $160,000. Finally, Stephens Inc. AR grew its position in Bain Capital Specialty Finance by 16.5% during the 3rd quarter. Stephens Inc. AR now owns 12,703 shares of the company’s stock worth $189,000 after purchasing an additional 1,800 shares during the last quarter. 48.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:BCSF opened at $15.75 on Friday. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 7.43, a PEG ratio of 1.05 and a beta of 1.53. The firm’s 50-day simple moving average is $15.53 and its 200-day simple moving average is $15.32. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 1.22. Bain Capital Specialty Finance, Inc. has a fifty-two week low of $12.40 and a fifty-two week high of $16.45.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its earnings results on Tuesday, November 2nd. The company reported $0.34 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. The business had revenue of $49.55 million for the quarter, compared to the consensus estimate of $45.22 million. Bain Capital Specialty Finance had a net margin of 70.57% and a return on equity of 8.08%. During the same quarter in the previous year, the firm earned $0.33 earnings per share. On average, research analysts forecast that Bain Capital Specialty Finance, Inc. will post 1.36 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 28th. Investors of record on Friday, December 31st will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 8.63%. The ex-dividend date is Thursday, December 30th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is 64.15%.

BCSF has been the topic of several research reports. Zacks Investment Research downgraded shares of Bain Capital Specialty Finance from a “buy” rating to a “hold” rating in a research report on Tuesday, January 4th. TheStreet raised shares of Bain Capital Specialty Finance from a “c-” rating to a “b-” rating in a report on Monday, November 15th.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance, Inc operates as a development stage company, which intends to focus on senior investments with a first or second lien on collateral and strong structures and documentation, intended to protect the lender. The company was founded on October 5, 2015 and is headquartered in Boston, MA.

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

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