Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Shares Sold by Meridian Investment Counsel Inc.

Meridian Investment Counsel Inc. trimmed its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 3.3% in the fourth quarter, Holdings Channel reports. The fund owned 18,476 shares of the company’s stock after selling 625 shares during the period. Meridian Investment Counsel Inc.’s holdings in Bain Capital Specialty Finance were worth $324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Bain Capital Specialty Finance by 47.0% during the third quarter. JPMorgan Chase & Co. now owns 224,528 shares of the company’s stock worth $3,727,000 after purchasing an additional 71,806 shares during the period. Franklin Resources Inc. raised its position in Bain Capital Specialty Finance by 14.6% during the 3rd quarter. Franklin Resources Inc. now owns 287,890 shares of the company’s stock worth $4,779,000 after buying an additional 36,585 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Bain Capital Specialty Finance by 136.2% in the 3rd quarter. Jane Street Group LLC now owns 24,092 shares of the company’s stock worth $400,000 after acquiring an additional 13,892 shares during the period. Columbus Macro LLC purchased a new stake in shares of Bain Capital Specialty Finance in the fourth quarter valued at about $5,544,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Bain Capital Specialty Finance during the fourth quarter worth about $151,000.

Analyst Ratings Changes

A number of brokerages recently commented on BCSF. Keefe, Bruyette & Woods raised their price objective on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the company a “market perform” rating in a research report on Tuesday, March 4th. Wells Fargo & Company raised their price target on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Monday, March 3rd.

Insiders Place Their Bets

In other Bain Capital Specialty Finance news, Director Clare Stack Richer bought 1,530 shares of the company’s stock in a transaction on Monday, March 17th. The stock was purchased at an average cost of $16.43 per share, for a total transaction of $25,137.90. Following the acquisition, the director now owns 20,835 shares of the company’s stock, valued at $342,319.05. The trade was a 7.93 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.59% of the stock is owned by company insiders.

Bain Capital Specialty Finance Stock Performance

Shares of BCSF opened at $16.61 on Tuesday. The company has a market capitalization of $1.07 billion, a PE ratio of 8.34 and a beta of 1.10. Bain Capital Specialty Finance, Inc. has a 52-week low of $15.29 and a 52-week high of $19.21. The company has a 50-day simple moving average of $17.70 and a 200-day simple moving average of $17.24. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its earnings results on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $73.30 million during the quarter, compared to analysts’ expectations of $67.50 million. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. Equities research analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 annualized dividend and a yield of 0.72%. Bain Capital Specialty Finance’s dividend payout ratio is presently 90.81%.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc is business development company 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.