Sumitomo Mitsui Trust Group Inc. Has $7.77 Million Stock Holdings in Bain Capital Specialty Finance, Inc. $BCSF

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 22.0% in the third quarter, Holdings Channel reports. The firm owned 545,190 shares of the company’s stock after purchasing an additional 98,222 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Bain Capital Specialty Finance were worth $7,769,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of Bain Capital Specialty Finance in the second quarter valued at $793,000. Rockefeller Capital Management L.P. grew its holdings in Bain Capital Specialty Finance by 13.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 366,542 shares of the company’s stock worth $5,513,000 after acquiring an additional 42,056 shares during the last quarter. Farther Finance Advisors LLC increased its position in Bain Capital Specialty Finance by 13.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 14,560 shares of the company’s stock valued at $219,000 after acquiring an additional 1,705 shares in the last quarter. Muzinich & Co. Inc. raised its stake in shares of Bain Capital Specialty Finance by 53.0% in the second quarter. Muzinich & Co. Inc. now owns 553,802 shares of the company’s stock worth $8,329,000 after acquiring an additional 191,776 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Bain Capital Specialty Finance during the second quarter worth approximately $286,000.

Analysts Set New Price Targets

A number of analysts recently weighed in on BCSF shares. Wells Fargo & Company set a $14.00 price target on shares of Bain Capital Specialty Finance and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Keefe, Bruyette & Woods raised Bain Capital Specialty Finance from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a research note on Friday, December 19th. Finally, Zacks Research downgraded Bain Capital Specialty Finance from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Bain Capital Specialty Finance has a consensus rating of “Hold” and an average price target of $15.00.

Bain Capital Specialty Finance Stock Down 1.9%

NYSE:BCSF opened at $13.77 on Friday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.33. Bain Capital Specialty Finance, Inc. has a 12-month low of $13.20 and a 12-month high of $19.21. The stock’s fifty day simple moving average is $14.02 and its 200-day simple moving average is $14.54. The firm has a market capitalization of $893.25 million, a P/E ratio of 9.56 and a beta of 0.60.

Bain Capital Specialty Finance (NYSE:BCSF) last released its earnings results on Monday, November 10th. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. Bain Capital Specialty Finance had a return on equity of 11.03% and a net margin of 33.45%.The firm had revenue of $67.20 million for the quarter, compared to analyst estimates of $69.53 million. Equities research analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

Bain Capital Specialty Finance Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, December 31st. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 116.67%.

Bain Capital Specialty Finance 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.