Trexquant Investment LP Cuts Stock Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Trexquant Investment LP decreased its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 38.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,868 shares of the company’s stock after selling 50,005 shares during the period. Trexquant Investment LP’s holdings in Bain Capital Specialty Finance were worth $1,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Mascoma Wealth Management LLC acquired a new position in Bain Capital Specialty Finance during the fourth quarter worth $29,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Bain Capital Specialty Finance during the 4th quarter worth about $151,000. Centiva Capital LP purchased a new position in Bain Capital Specialty Finance in the 3rd quarter valued at about $199,000. Cooper Financial Group boosted its holdings in Bain Capital Specialty Finance by 7.5% in the 4th quarter. Cooper Financial Group now owns 15,064 shares of the company’s stock worth $264,000 after buying an additional 1,053 shares during the last quarter. Finally, Prairiewood Capital LLC increased its stake in Bain Capital Specialty Finance by 8.6% during the 4th quarter. Prairiewood Capital LLC now owns 15,211 shares of the company’s stock worth $266,000 after buying an additional 1,201 shares in the last quarter.

Analyst Ratings Changes

BCSF has been the topic of several research reports. Wells Fargo & Company raised their target price on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods decreased their price objective on Bain Capital Specialty Finance from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Tuesday.

Insider Transactions at Bain Capital Specialty Finance

In other news, Director Clare Stack Richer purchased 1,530 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was acquired at an average price of $16.43 per share, for a total transaction of $25,137.90. Following the acquisition, the director now directly owns 20,835 shares of the company’s stock, valued at approximately $342,319.05. This represents a 7.93 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.59% of the company’s stock.

Bain Capital Specialty Finance Stock Up 8.9 %

Shares of NYSE BCSF opened at $15.00 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. The company has a 50-day moving average of $17.20 and a 200 day moving average of $17.12. Bain Capital Specialty Finance, Inc. has a 12-month low of $13.20 and a 12-month high of $19.21. The stock has a market cap of $968.90 million, a PE ratio of 7.54 and a beta of 0.79.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly 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. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. The business had revenue of $73.30 million during the quarter, compared to analyst estimates of $67.50 million. As a group, sell-side analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 90.81%.

Bain Capital Specialty Finance Company Profile

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.